Strategic Tax Solutions makes the process of accessing R&D Tax Credit dollars straightforward, cost effective and risk free. At no cost to you, we review your tax returns and provide a tax savings estimate for your potential R & D Tax Credit savings before we are ever engaged. If your company has developed a new product or process and/or improved an existing product or process, then your company may qualify for Research & Development Tax Credits.

​If Your Product/Process Meets The 4 - Part Test Below, You Probably Qualify For Research & Development (R & D) Tax Credits

  • Activities must be undertaken in the development of a new or improved business component.
  • Activities must seek to eliminate uncertainty determined or identified at the outset of (or during) the project.
  • Taxpayer must undergo a process of experimentation to reach the end product/process.
  • Activities must be technological in nature.


Other examples of activities that might qualify for the credit include those to expand the design of an existing product or process, or those to correct significant design flaws or obtain substantial cost decreases or improved function. Costs of design, creation, and testing of pre-production prototypes and models probably likewise qualify

 

 

 

 

​​Some Examples of Activities That Meet The Four Part Test

  • Developing new software.
  • Design for LEED/green initiatives.
  • Conducting environmental testing.
  • HVAC concept and design
  • Designing a new building
  • Testing of new concepts and technology.


Strategic Tax Solutions will provide a FREE Preliminary Analysis.  STS will show you how your industry/company qualifies and help you identify benefits to which you are legally entitled.  We will assure a quick turnaround from start to amended tax return while minimizing disruptions to business operations during the process.   Please contact us today.

ACTIVITIES THAT QUALIFY

Research & Development Tax Credits have been in place for over 25 years. Many companies have misconceptions about the types of research and development activities that qualify. A wide range of common practices in many industries will qualify for the credit under the Internal Revenue Code’s definition of R&D. Strategic Tax Solutions experts can help you claim the credits for which your company is eligible.

Do I qualify?  How much do I qualify for?  Contact Strategic Tax Solutions.


Estimated time table below.

  • Developing prototypes and models.
  • Developing new/improved food products.
  • Developing new, improved or more reliable products, processes or formulas.
  • Developing or applying for patents.
  • Adding equipment that improves a process.
  • Streamlining your manufacturing process.

STRATEGIC TAX SOLUTIONS

WE MAKE IT SIMPLE 

Strategic Tax Solutions (STS) is well positioned to assist your company in qualifying, quantifying and defending your federal and state research credit claims. Please contact STS to further explore how these tax credits and incentives can help your business offset rising tax rates. Contact One Of Our Experts Today!

The R&D tax credit experts 

PHASE 1: 
Information Gathering - FREE

  • Gather information 
  • Interviews take 30-50 minutes with key executives
  • We maximize efficiency, by previsit planning


PHASE 2:
Quantitative Review and Approval

  • STS verifies and confirms all the numbers
  • We confirm the actual expense categories
  • We prepare a detailed summary that conforms to the Federal & State Tax Credit guidelines


 PHASE 3:
 Substantiation and Documentation

  • STS conducts data substantiation and development to ensure that your company has all the necessary tracking and supporting documents


 PHASE 4: 
Final Calculations & Compliance

  • STS completes and reviews all R & D tax credit calculations as well as the supporting information for compliance
  • We provide your company as well as your CPA with the completed R&D tax credit forms for submission to the taxing authorities