Amidst the surge in demand for decentralized financial solutions and the pursuit of secure, borderless transactions, the realm of blockchain development stands as the forefront of modern financial technology. This dynamic landscape is rife with opportunities for qualifying for R&D tax credits.
The development of blockchain’s custodial, trading, and financial infrastructure demands extensive innovation and experimentation. Whether it’s pioneering novel consensus algorithms, refining cryptographic protocols, or creating trustless trading platforms, these activities align seamlessly with the criteria for R&D tax credits.
Given the ever-evolving nature of blockchain technology, developers often delve into uncharted territory to overcome challenges and create groundbreaking solutions. This process of innovation, experimentation, and problem-solving aligns with the essence of R&D tax credit eligibility.
In a landscape where innovation is the driving force and where each new application holds transformative potential, blockchain development companies are well-positioned to leverage R&D tax credits to not only fuel their growth but also to contribute to the ongoing advancement of the financial systems of tomorrow.
Total combined federal and state tax credit was approximately $250,000 for their first full year of development
This company is a financial technology company specializing in algorithmic cryptocurrency trading using sophisticated probabilistic models to drive automated trade execution.
The R&D tax credit can help a wide variety of businesses offset and reduce their income tax liability, in addition to providing many other benefits. Our team of experienced CPAs, attorneys, engineers, and technology experts helps companies save money and create cash flow with R&D tax credits that can then help drive overall growth.