Is your business engaged in research and development activities? If so, you could be overlooking valuable tax incentives. Source Advisors is your trusted partner in identifying, quantifying, and filing for R&D Tax Credits that can amplify your cash flow and lower your tax rate.
The Research and Development (R&D) Tax Credit was established to encourage innovation within the U.S. It was permanently codified in 2015 through the Protecting Americans from Tax Hikes (PATH) Act, and now extends its benefits to startups as well. This credit allows businesses of all sizes to offset federal income taxes, provided they engage in Qualified Research Activities (QRA) and incur Qualified Research Expenses (QRE).
You don’t have to be a tech company or a massive corporation to qualify. Many industries benefit from R&D credits, including:
If your company improves products, processes, or software, you might be eligible!
See how much you qualify to receive from the IRS.
Embrace the power of tax credit savings with Source Advisors and propel your business towards growth and success. Partner with us today to unlock your company’s full potential.
