Accelerate Your Crypto Company's Growth with the R&D Tax Credit

Enhance Your Cash Flow and Lower Your Tax Liability
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Enhance Your Cash Flow

The Research & Development (R&D) tax credit is a dollar-for-dollar offset against tax liability that can help improve your business’s cash flow. Whether your business is small or large, the R&D tax credit can provide significant financial benefit. For example, if your business is eligible for a $100,000 credit, that amount can be used to offset your tax liability and enhance your cash flow.

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Lower Your Tax Liability

The R&D tax credit can lower your business’s tax expense. Your business does not need to perform ground breaking activities to be eligible for the credit – evolutionary activities qualify as well as projects that may have been unsuccessful or have not reached the marketplace. With the R&D credit, you can use the credit to lower your tax liability and improve your bottom line.

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Strategic Tax Planning Tool

The R&D tax credit is a strategic tax planning tool that can help your business continue to grow and scale. With the credit, you can use it to enhance your cash flow and lower your tax liability, allowing you to reinvest in your business. The R&D tax credit is a great opportunity to help you unlock the potential of your business.

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Do You Qualify?

Your business may qualify for the R&D Tax Credit if you develop new or improved products, processes, techniques, software, or formulas. It doesn't matter if the project is a success or failure - you can still qualify for the credit. Evolutionary activities also qualify and you don't have to have groundbreaking innovations for your business to be eligible for the R&D Tax Credit. 

Numerous activities regularly performed by companies in the blockchain and cryptocurrency space will qualify for the R&D tax credit. Examples of activities (non-exhaustive) that will potentially qualify for the credit include:

  • New or improved developments to the digital ledger of transactions including Proof of Work, Proof of Stake, and Proof of Importance
  • Development of new secure payment technologies by tracking past transactions with the use of blockchain
  • Development of source code for a new or improved web or digital wallet
  • Development of APIs for third party integration of cryptocurrencies and/or wallets
  • Utilizing blockchain technology principles to develop decentralized applications
  • Development of a new or improved hashing algorithm to better secure data
  • Development of custom blockchains to perform internal tasks more efficiently
  • Development of Proof of Capacity (PoC) projects to evaluate a specific technology’s applicability, performance, or scalability
  • Development of new or improved technologies to bridge blockchain and businesses solutions and better harness advances in data technology, management, and security
  • New or improved development of smart contract technology in object-oriented, high-level languages such as Solidity, C++, Python, and JavaScript

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Get Started Today

Don't wait - get started today and see if you qualify for the R&D Tax Credit. With the right planning, you can unlock your business's potential and increase its cash flow. Get started today and start benefiting from the R&D Tax Credit.

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