Join us August 27th for an AIA-accredited live virtual meetup on the 179D and 45L tax incentives.
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The Research & Development Program is our government's way of encouraging and rewarding US companies for innovating and building products and technologies.
Eligible expenses for your companies R&D activities typically include W2 payroll, certain cloud costs, materials and outsourced services.
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Annual startup eligibility - not a startup? No cap!
Claimed in the US this year
ROI on every development dollar spent
Section 174 of the Internal Revenue Code (IRC) allows businesses to deduct research and experimental (R&E) expenditures from their taxable income. As a part of the Tax Cuts and Jobs Act of 2017, IRC Section 174 has been updated for the tax years beginning after December 31, 2021. Under the new law, R&E expenditures are no longer deductible in the tax year in which they are paid or incurred; instead, they are required to be charged to the capital account and amortized over 5 years (15 years for foreign research).
We have a Section 174 specialist who can help calculate R&D expenditures more accurately to stay in compliance with the new tax laws. Additionally, TaxTaker can help calculate Federal and State R&D tax credits to reduce tax liability resulting from the amortization requirement.
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The R&D Tax Credit is the #1 government-funded program for growing businesses. Best of all, you can count on it every year. The IRS doles out over $30B every year. Secure your piece of the pie now!
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Amazing customer service. Appreciate the diligence around taxes and helping us receive additional credits.
Great team to work with all around!
I had a great experience working with the Taxtaker team especially Maggie Hensley. They were able to answer all my questions and guide me on how to do things.
They rock! So attentive and helpful. They found us 35k, what's not to love.
The team is amazing to work with! Fast & super efficient!
TaxTaker is responsive, knowledgable, creative, and helpful.
The process was very efficient and the team did a great job explaining the process and executing the project.
Easy to work with, very friendly staff, clear expectations of us, good value.
Working with TaxTaker has been great for us. They were efficient and effective and got us great results. Couldn't ask for a better partner!
The TaxTaker team makes the R&D tax credit process really easy, which is something that's very important given any external-driven process can be more difficult to impact or navigate through. The communication, between timeline, expectations, and results, is excellent. And I truly enjoy the people. Everyone involved is nice to work with - personable while professional and engaging.
The team at TaxTaker is amazing. At each step from introduction to tax filing, they provided us exactly what we needed and took up very little of our time. All rapidly growing technology companies should contact TaxTaker. You will be very happy you did.
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As a Founder and CEO, my bandwidth is limited but cash is king. I appreciate that TaxTaker makes the tax credit process simple and low maintenance. The payroll integration is a great service and the platform is quick and easy. It's great to access the credit and manage cash flow.
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The process with the team was super easy, and they were diligent about staying on top of our refund with the IRS, which ultimately returned over $100k to my company. Thank you so much for your help!
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