we’ll give you the bad news first

startups can no longer deduct (aka subtract) r&d expenses from revenue.
for software or product development costs, you now have to capitalize (aka spread them out)
over 5 years if they’re domestic, and over 15 years if they’re foreign (aka offshore).
because of something called the ‘mid-year convention’, year 1 counts as only half of a year.
so functionally, you can only deduct 10% (not 20%) of domestic r&d expenses
— and only 3.33% (not 6.66%) of foreign expenses — in the first year, 2022.
this creates a substantially larger “computed” taxable income → an actual tax liability.

you may be thinking “whatever i’ve got NOLs” — but even those have been neutered:
you can now only use NOLs to offset up to 80% of your “computed” taxable income.
“hey you have a big tax liability now — and oh you can’t really use your NOLs to wipe it out.”
all the while, this added tax burden means it’ll become harder to stockpile NOLs like before.
it’s a combo fucking judo move if i’ve ever seen one.

now the good news:
you can solve this with e2e tax strategy

all of a sudden, you can no longer separate NOLs and R&D in your thinking.
your startup’s revenues and expenses, NOLs, and the new tax code need to be baked together.
even future headcount planning and revenue projections roll into your complete tax strategy.

the semi-good news is that your startup likely already has a very healthy reserve of NOLs,
so you'd only really have to worry about covering the remaining 20% with r&d credits.
aka optimize the allocation of r&d expenses such that whatever is capitalized
— ironically the same (ish) type of expense used to generate an r&d credit —
creates a taxable income just big enough to have 80% of it wiped out by NOLs.
the remainder will get taken care of by the income tax r&d credits.

plus, if you model out + expect future years to have computed taxable income,
you can be sure to build up a healthy enough reserve of deferred tax assets.
you'd only need 1/5 the tax credits since they'd offset the tax burden itself,
as opposed to the NOLs which only offset computed taxable income.

why startups can’t just do r&d credits anymore

apart from often being inaccurate, this method presents a new problem under the new rules:
the well-known strategy of ‘throwing in the kitchen sink’ to maximize your r&d credit
will create a larger tax bill in its wake than the credit it alleges to claim for startups.

instead, startups need to start planning and optimizing their tax strategy,
while optimizing — not maximizing — their r&d tax credit along the way.

By Neo.Tax Team

So you’re a startup and believe the best way to get the help you need to build your company is with independent contractors... hmmm, interesting.

It’s your company, so we’re not here to tell you how to run it, just that you’re missing out on up to $250,000 in research and development tax credits by not setting up payroll.

Yup, you heard that right. You could miss out on hundreds of thousands of dollars because you either haven’t set up payroll or you've set it up incorrectly.

Imagine what you could do with that money. Maybe:

• Extend your runway
• Help continue necessary R&D
• Reduce burn

Have no fear, Neo. Tax is here!

Check out our guide to setting up your payroll taxes as a startup or new business.

Why not Independent Contractors?

Let’s be clear: you can report independent contractors on your R&D tax credit claim.

The credit is a percentage of your QREs, also known as qualified research expenditures. These expenditures include in-house research expenses and contracted research expenses. Contract research expenses are handled a bit differently than in-house research. Only 65% of contractor research can be claimed–here’s an example of what that means:

Say I want to research sneaker materials as I’m developing an innovative new style of lifestyle shoe with posture support. I need to get some research from an outside firm; the cost is $100k. When reporting this expense for your R&D credit, only 65% of that independent contractor’s payment will count toward your credit claim. Essentially, $65k of this firm’s bill.

Now, let’s say you realize your needs exceed just research on materials and you contract the same firm to conduct an analysis of the sneaker market and who the target audience for the shoes will be at the same time. The cost is $250k; $100k for research on materials and $150k for the marketing analysis. Typically, marketing expenses are not qualified expenses for the R&D tax credit. This means you can only claim 65% of what you paid to the firm for R&D only–which, in this case, amounts to $100k of the $250k final bill.

The same calculation applies to percentages of time as well. Let’s say the firm bills hourly and states they dedicated 200 hours to R&D at $500/hour, which is one part of the final $250k bill from the firm. It’s then up to you to calculate 65% of those 200 hours that go toward your claim. Again, in this case, you could claim $65k of the firm's bill toward your R&D tax credit.

Remember: as a company that is not yet profitable, your R&D credit comes as a payroll deduction. This means that even if you’re employing independent contractors, you must set up payroll in order to receive your credit.

Where To Start?

If you’re already working with an accountant or accounting firm, then they can handle all your payroll needs.

If not, think about getting a payroll provider like Gusto, or learning the ins and outs of payroll yourself.

After you’ve set it all up, find trustworthy R&D tax credit software to help you seamlessly integrate your payroll and accounting information to claim your R&D credit.

Want to learn more about R&D software? Check out our post about what to look for.

More often than not, setting up payroll boils down to these steps:

1. Gather necessary documents like your company’s EIN, state or local Business ID, and your employee’s onboarding information, as well as their employee classification–if they’re part-time or full-time, etc.;
2. Choose your payment schedule or pay period;
3. And decide on a payroll system or provider.

Resources & Tips

Now that you’re setting up payroll, it’s a good time to pay extra attention to the details of all your records. The IRS can be fickle, so it’s always better to stay ahead of your payroll filings. Here are some resources to help you along your payroll journey.

Forms:

• Form SS-8: If you’re wondering how to classify employees and/or determine worker status for Federal Employment Taxes and Income Tax Withholding, this is the form.
• Form I-9: Your go-to form for employment eligibility verification.
• Form W-4: You’re probably familiar with this one. It’s your employee’s withholding certificate.
• Form W-2: Another familiar one is this–the wage and tax statement.
• Form W-9: If you’re working with independent contractors, then you definitely know this one. This is your request for taxpayer identification number and certification.
• Form 941: this form is the employer’s quarterly federal tax return.
• Form 940: and last, but certainly not least, the employer’s annual Federal Unemployment (FUTA) Tax Return.

Payroll can be one of the more complicated processes, making it extremely important to have a solid Payroll Dream Team that will help ensure your company payroll is done accurately and on time! If the ‘92 Men’s Olympic Basketball Team taught us anything, it’s that the Dream Team exists.

This is who you should have on your Payroll Dream Team:

• A trusted accountant or accounting firm,
• Accurate accounting software,
• Payroll software that integrates seamlessly with your accounting software,
• And, if you can swing it, a human resources manager, COO, or business partner.

Here are a few more tips for payroll:

• Make sure you pay close attention to your records and fill every form out correctly.
• Always, always, always file your payroll taxes on time. This not only ensures that you pay employees on time every time, but also helps avoid overpayments or any other mistakes. Here are some deadlines to mark in your calendar.
• Don’t forget to keep your records organized and remember to keep former employees' records for 3 years after separation from the company.

Payroll is a fundamental part of claiming your R&D tax credit as a startup or new business. Set it up and watch the R&D credits flow in.

Trust us, it’s worth it!

By Neo.Tax Team

5 min read

Stephen Yarbrough is the epitome of a founder who is walking the walk. And if you’re asking, can he talk the talk? Stephen is a veteran of The Big 4 and the IRS… enough said. Despite his resume, what really stands out most about him is his energetic laugh that makes you feel ‌you’re talking to an old college friend–even through the screen during a zoom call.

An openly out and proud gay man, Yarbrough is taking a “lead by example” approach to visibility, representation, and inclusion. As one of three ethnically and racially diverse founders of Neo.Tax, a tax automation software startup, Stephen believes that senior leadership’s responsibility lies in setting an example and following through. “It's much more empowering [to say] during work conversations, ‘hey, I'm gonna be out of the office for pride, or telling stories and being open about when you got married to your husband or same-sex partner.’ I think that level of openness actually has a bigger impact when it comes from senior leadership. It’s important for senior leadership to be open and comfortable.”

By the same token, Yarbrough acknowledges ‌it isn’t always that easy and that the choice of whether to be out at work shows a bigger cultural shift that needs to happen.

The reality of what employees have to go through takes Stephen back to a time when discrimination was all too real for him while working for a Big Four accounting firm–back when it was still called the Big 6.

“I was the only intern from my school that didn't get a full-time hire offer on the last day of our internship and it was very clear it was because I was gay. They said it was because I didn't know my target audience, ‘conservative accountants.’ They kept having events where they would ask us to bring our boyfriends or girlfriends, and I brought my boyfriend. And that was not cool back in 1997.”

Fast forward to 2022 and 40% of LGBTQIA employees stated they had witnessed homophobic harassment working at tech companies. A recent ICA & CalCPA study cited a lack of fair treatment, diversity, and inclusion were key reasons LGBTQIA+ identifying professionals are leaving the accounting profession entirely.

Visibility and cultural shifts go hand in hand. It’s not enough to see an underrepresented person in a position of power and leadership, it’s equally important to see shifts happen within the boots-on-the-ground, day-to-day, watercooler culture that is fundamental to everyday life in a workplace, be it remote or in the office. And for Stephen, affecting positive change in the Fintech space that Neo.Tax occupies is what motivates him. “I think leading by example is important. But I also recognize that organizations have difficulty doing this. You can't just say find the gay partner [at a firm] and push them out there to be open. When you have senior leadership that is open, it makes it easier for everybody else. And that translates into the culture here [at Neo.Tax].”

That ease around company culture and relaxed approach to inclusion are apparent in the interactions between employees, founders, and senior leadership at Neo.Tax. And especially with matters of the heart, love is love. “One of the interesting conversations ‌I had with Ibrahim,” another co-founder of Neo.Tax, “was about a second date I was going on with a Muslim man. I wanted to know which meats to avoid when picking a restaurant. So he gave me some advice. It didn’t matter who I was dating.”

Walking the walking is not always easy. And in Stephen Yarbrough’s case, it has meant moving across the country to find an environment where he could be himself and still work in what many consider a “conservative” profession. But with the power of visibility, inclusion, and respect in the workplace, it can mean that walking the walk, or rather putting action behind the words, makes it less of a singular, individual path and more of a collective journey.

Advice for founders? Take a top-down approach and remember being inclusive doesn’t have to be showy, as long as companies put inclusivity into action.

By Neo.Tax Team

5 min read

What's holding you back from filing for R&D Tax Credits?

With all the misconceptions around research and development tax credits, it’s no wonder that most small to mid-sized business owners don’t file–and it definitely doesn’t help how complicated it seems the IRS makes almost everything.

Before you completely write off the R&D credit, here are some common misconceptions about R&D Tax Credit that we had to set true.

Misconceptions #1: Scientific advantages or breakthrough medical technology are the only ‌businesses that qualify for R&D Tax Credits

Changes to the R&D Tax Credit expanded what types of companies qualify. These changes mean not only lab sciences are qualified, but also applied sciences. Applied sciences include areas like:

• engineering,
• computer science,
• technology,
• agricultural science and,
• food science, to name a few.

Don’t feel left out. Whether your company is in manufacturing, technology, agriculture, or even hospitality and catering, you could qualify for R&D Tax Credits.

Still skeptical? Here’s a quick and easy quiz to help you figure out if your business is sitting on a sweet, sweet R&D credit here.

Misconceptions #2: Only companies with substantial profits and tax liability can claim R&D Tax Credits

Wrong again!

The 2015 PATH Act, also known as the Protecting Americans From Tax Hikes Act, cemented R&D Tax Credits as a permanent part of the tax code. PATH also created a provision for startups and small businesses.

This provision allows small businesses to elect to use their R&D credit toward payroll taxes and claim up to $250,000 a year for up to 5 years of R&D expenses.

Not to mention qualified small businesses can carry forward their credit for payroll tax deductions to use in another year. For SMBs, carry forward refers to the application of tax credits to future tax years.

Thank you PATH Act.

Misconceptions #3: Any small to mid-sized business that claims R&D credits will face an audit

Just when you thought the IRS was picking on the little guy, here we come to bust that myth!

Yes, there is a chance that claiming your R&D Tax Credit might trigger an audit. However, claiming your R&D credit does not mean your company will get audited–and most definitely should not stop you from claiming your R&D credit.

When you're filing for your R&D credit, make sure your business is using a trustworthy source to prepare your credit, such as complaint automated software, that provides you with the almighty study to accompany your Form 6765. This study will outline all your qualified R&D expenses to make sure you’re covered in case of an audit.

Hot Tip: When you decide on software or an accountant for your R&D credit preparation, always ask if they will provide a study.

Don’t know what to look for in R&D software? Check out our post to help you find the best R&D software for your company.

Misconceptions #4: If you haven’t been in business long enough, you can’t claim R&D credits

No…not quite.

Once again, we have to give it up for the PATH Act. The Act ushered in a new era for businesses by extending the credit to startups and qualified small businesses. BPA (Before the PATH Act), businesses could only claim the credit if they were profitable.

Now, companies with under $5 million dollars of revenue can claim their R&D credit and apply the credit toward payroll taxes for employees who were integral to the first 5 years of research and development projects.

Hot Tip: The only requirement is that you have payroll tax ‌you are offsetting. If you are a startup using all consultants and they aren't on your books, then you are missing out.

Misconceptions #5: Your industry disqualifies your business from R&D credits

Yeah, not the case.

If your business is conducting qualified research and development, then it really doesn't matter which industry your business is in, as long as your projects and expenses qualify for the R&D credit.

The payroll-tax offset allows companies to receive a benefit for research activities, even if they aren’t profitable. In order to be eligible for the credit, there are a few qualifications that companies must meet, like:

• gross receipts for five years or fewer, and yes, interest income counts toward gross receipts;
• less than $5 million in gross receipts in the year you’re electing to use the credit;
• qualifying research activities and expenditures and,
• payroll-tax liability.

Hot Tip: avoid the dreaded audit at all costs by making sure your company’s activities are qualified for the R&D Tax Credit using the 4-part test.

Unsure if your startup qualifies? Here is a simple guide to figuring out if your company qualifies.

Changes to R&D Tax Credits expanded the industries that can claim the credit. By including applied sciences like those used in manufacturing, agriculture, and technology instead of making the credit only available to strictly lab sciences–more companies than ever could be eligible for the R&D credit.

Keep up with all things taxes, accounting, and tech by subscribing to our newsletter.

By Neo.Tax Team

5 min read

A recent study from ​​the U.S. Department of the Treasury, the Minneapolis Federal Reserve, and Dartmouth College found the IRS can automate between 62 million and 73 million tax returns–which represents over 45% of US taxpayers who would be eligible for auto-filing.

A survey of 344,000 individual returns in 2019 found that pre-populated returns for low-to-moderate earning taxpayers would not only be accurate, but would also save taxpayers time and money when filing every year.

Even though accuracy decreases as the number of itemized deductions increases, 90% of Americans qualify for standard deductions.

That said, let’s explore the other ways automated tax returns could help the average American.

1. Faster, Easier, Better

An automated tax system for taxpayers claiming the standard deductions means faster tax processes for everyone. Huzzah!

Automation would ease the burden on the IRS as they continue to deal with pandemic-related backlogs and slowdowns.

In countries where automated taxes filings are already standard practice, taxpayers can file in as little as 5 minutes–as is common practice ‌in Estonia. In Sweden, where taxpayers receive a text message to review and approve their tax filing, the process is even faster.

Not to mention the economic benefits for the 12 million people who currently are not filing taxes because of a lack of access to resources necessary for filing, for instance. An automated filing could mean money in the pockets of people who had never or rarely filed previously.

Who knew working smarter could mean more money in your pocket?

2. Stress Be Gone

Most Americans cite making a mistake and not getting their full refund as major stressors when filing their taxes. Not to mention the financial burden taxpayers face having to pay preparers when, in reality, a standard deduction and automated filing could suffice.

Tommy Lucas, a Financial Advisor At Moisand Fitzgerald Tamayo, told MSNBC “it would save so many people the stress and headache of figuring out what documents they need, or how they are going to pay for their return to be done.”

3. Increased Accuracy

Since 90% of Americans can take advantage of standard deductions–especially after a 2017 tax overhaul that doubled the standard deduction for taxpayers–a majority of taxpayers could take advantage of an auto-filing system.

This means that because there are fewer deductions, there will be fewer mistakes on a pre-populated filing. Allowing for pre-populated or automated filing to increase the accuracy of your taxes. More accuracy also means a smoother, more efficient process that sees you with your return faster than ever.

Coincidentally, Neo.Tax is working to automate taxes for small and medium-sized businesses. We are empowering founders and accountants with innovative, tech-forward tools to make preparing your business taxes faster and easier. Our automated R&D Tax Credit solution has expanded the reach of this tax credit, so it is no longer just a benefit for large corporations—by putting money back into the hands of the companies who fuel our diverse economy. We’re saving businesses and accountants time without charging exorbitant fees. It’s what automation is all about.

We will continue to update you on the progress of the automation of IRS tax filings as the story develops.

Keep up with all things tax, accounting, and tech by signing up for our newsletter.

By Stephen Yarbrough, Polk Advisors

5 min read

As the legislative session gets later into the year, time is running out for Congress to reverse course on the capitalization of R&D that will go into effect in 2023… and just when you thought you were getting ahead on your tax filings, a piece of new legislation goes and throws a monkey wrench in your process, am I right?

If you haven’t heard, the Tax Cuts and Jobs Act of 2017 included a change to tax deductions that affects R&D expenditures, after December 21, 2021. Prior to this R&D capitalization rule, startups didn’t need to worry about capitalizing R&D expenditures. Rather, this was more of an “add-on” for companies with qualified research and development expenses that claimed the R&D tax credit.

Well, it’s after December 21, 2021 now, so what does this mean for companies?

1. Taxpayers are required to capitalize R&D expenditures and amortize them over 5 years.
2. There is a 15 years amortization period for foreign research expenses.
3. Startups need to pay extremely close attention to how they're categorizing R&D expenses.

So it’s more than likely that companies are going to have to analyze their R&D expenditures in order to complete their 2022 tax returns. Well, unless Congress gets it together, but we’re not holding our breath on that..

Now, here’s where it gets even more complicated.

There are different definitions of R&D. For instance, the definition of R&D according to Accounting Standards Codification differs from the definition in Internal Revenue Code 174, Research for Tax deduction/capitalization; which differs from the definition of R&D in IRC 41, Research for Tax Credit. This article from Grant Thornton gives a great summary of these differences among other great information about R&D capitalization.

Another complicating factor: some states follow the same rules as federal tax law to determine income, and other states (such as California) lag ‌federal tax law. This means companies in lagging states will not only have to capitalize and amortize R&D for the federal return, but they also need to reverse all those changes and deduct R&D for state tax purposes!

We get it, it’s a lot of information, which is why we will continue to update you on the R&D capitalization rules and what to expect.

For now, here are the main points you need to know about R&D capitalization:

1. Congress is delaying the reversal of the R&D capitalization rule
2. Regardless of whether you are claiming your R&D credit or not, as of right now your company will need to capitalize and amortize R&D expenditures when filing 2022 taxes
3. Companies, startups specifically, need to pay ‌very close attention to R&D expenses for the coming tax year

Don't forget to subscribe to our newsletter to stay up to date with all things industry news, taxes, accounting, and tech.

By Neo.Tax Team

2 min read

TEAM MANAGEMENT

Collaborate with your team

Invite and manage team members so you can securely scale your R&D business.

• Add team members to your firm quickly
• See all credits created by your team members automatically
• Remove access when someone leaves your team

WORKFLOW

Work on multiple credits simultaneously

Open multiple companies in different browser tabs.

As a startup, there are countless lessons we’ve learned‌. In a sea of missteps and failures, the Neo.Tax team has grown. Making it even more exciting when we can pass some of what we’ve learned to those who might need a few tips and tricks.

As many stories now begin, this month our Startup Tip started with a text.

A friend and fellow founder reached out to Neo.Tax co-founder, Firas Abuzaid, wanting a little advice on how to handle company expenses come tax time.

The Question:

How should our company handle the accounting for expenses like meals and gas that we charge to a company card?

The Tip:

To future-proof your company for tax time, make all your company purchases using a company card that allows for integration with your tax and accounting software.

You can sync your expenses yourself or outsource your bookkeeping. Though hiring a bookkeeper or a fractional CRO shop like AbstractOps or OpStart comes at a cost. More than likely you won’t need to outsource until you’ve raised a seed round or have more capital.

The Recap:

• Sign up for a company card
• Sign up for an accounting/bookkeeping software, like Xero or QuickBooks.
• Sync your company card with your accounting software.
• Use the card as much as possible for all company expenses.
• Use quick classifications like “Meals & Entertainment” for company dinners.

Share this tip with someone who might need it, or keep it for yourself. Do you have a tip for Startups? Continue the conversation in the comments.

For more monthly Startup Tips, follow us on Twitter and sign up for our newsletter.

Indiana Lawmaker Spearheads R&D Tax Credit Increase

By Neo.Tax Team

2 minute read

With backing from the National Association of Manufacturers, GOP Representative Jackie Walorski of Indiana put forward an amendment to the tax code that could mean serious increases in research and development tax credits for businesses.

Over the years, the R&D Tax Credit has gone through many changes. In 2015, the credit became permanent thanks to the PATH Act. The act also expanded R&D tax credit access to small and medium businesses, as well as startups.

Currently, Rep. Walorski is proposing H.R. 8253, better known as the FIRST Act or the Fostering Innovation and Research to Strengthen Tomorrow Act. This amendment would increase the amount of R&D spending that businesses can claim.

Double the credit, double the fun… that should be Rep. Walorski’s slogan.

Here are all the proposed changes:

• Doubling the traditional limit of $250,000 to $500,000 for startups.
• Increasing the traditional rate from 20% to 40% of the increase in R&D spending for existing businesses.
• Increasing the Alternative Simplified Credit from 14% to 28% of an increase in company R&D spending.
• Doubling the credit from 7% to 14% of R&D spending for companies with no history of research within the past 3 years.

“Doubling the R&D tax credit will encourage American companies — especially small businesses and startups — to invest in innovation that will unleash economic growth and prosperity,” Walorski said in response to the proposed changes. He further affirmed, “the FIRST Act will take a strategic step toward ensuring that America will lead the world in scientific discoveries, technological breakthroughs, and cutting-edge manufacturing for the 21st century.”

The proposed amendment has strong backing from the National Association of Manufacturers, as acknowledged by their senior director of tax policy, David Eiselberg, “the manufacturing industry is the backbone of American research and development, and this bill would support jobs, boost innovation and help ensure America’s future competitiveness.”

Sign up for our newsletter to stay up-to-date on the progress of the FIRST Act and other relevant news, developing stories, and industry updates.

Are You Still On The Fence About Which R&D Tax Credit Software To Use?

So you’re thinking about the R&D Tax Credit, but some unsavory news about issues with R&D firms has you asking yourself if the service is even worth your time?

Have no fear! We’re here to lay it all out for you.

Before we get started, let’s paint the picture.

You’re a small to medium-sized business, or maybe you’re the accountant of a small to medium-sized business, and you’ve been working extremely hard on R&D, better known as research and development. You’re excited about your products, and you’re finding your stride, but you wouldn’t mind an injection of funds to keep business moving the way it should. Well, as long as you meet the eligibility requirements, you could be sitting on tens, if not hundreds, of thousands of dollars for your qualified business.

You’d want that money, right? Of course!

That’s where R&D tax credit software comes in. The archaic task of manually inputting large volumes of information, among other requirements for the tax credit, has long been the bane of an accountant's existence. With R&D software, that task is streamlined to make claiming your research and development credit a breeze.

There are a few different options out there and with something as important as your company's R&D tax credit, you want to be sure you are using the right solution for you.

Here are a few things to look for when you’re deciding which R&D tax credit software is right for you.

Compliance, compliance, oh and did we mention… compliance

The Tax Code is… complex‌—making it that much more important to have the reassurance that all of your documents, like your Form 6765 and your study, are accurate when using R&D credit software.

You might think it's AI software… how will I know if anyone is double-checking?

Another important feature that goes hand in hand with accuracy is having a human review your documents.

When deciding between software, make sure you're looking at companies that have accountants on staff.

Bonus points: Having CPAs with audit and IRS experience to know what to look for when reviewing your information.

Looking for peace of mind? Take note if your R&D software is using AI and Machine Learning. These features are going to help ensure that your R&D Tax Credit filing is up to code.

Show me the study!

Ok, it all sounds great so far, but what if the worst-case scenario happens–an audit?

You want to make sure your R&D software has some sort of contingency in place, right? With audits and the R&D Tax Credit, it’s important to make sure you have all your ducks in a row. Namely, the all-important study.

Because research and development tax credits give you a credit for what you spend on research, ‌your company needs to prove that you have indeed spent some of your hard-earned dollars on research. Making it vital to have a study that provides a detailed analysis of qualified projects and the associated expenditures. It's extremely important that the R&D software you use provides this study.

If they’re that good, they’ll back it up

We couldn’t agree more.

Let’s say you’ve shopped around, you’ve done your due diligence vetting various vendors and doing your ‌research and now it’s time to decide what company has won you over. There is just one last question to ask:

Does the R&D Tax Credit software come with a guarantee?

Mistakes ‌happen and they’re not always your fault. Work with a company that backs up its product with a money-back guarantee before closing the deal.

Work with a product that uses a community of professionals who take your research and development tax credit as seriously as you do by putting their money where their mouth is.

We know it’s a marathon, not a sprint

When it’s tax season, it can feel ‌as if you’re sprinting to the finish line–even with an extension.

We know how important it is to pace yourself, which is ultimately why you need R&D software that fits your needs. Whether you’re a business owner or accountant, your R&D Tax Credit software needs to be effective and reliable.

More Bonus Points: software that is designed for accountants, by accountants–particularly CPAs with IRS experience.

R&D software needs to streamline ‌filing for R&D Tax Credits and implement solutions to make it simpler than ever to:

• Receive vital money for your company.
• Create additional revenue sources for accountants.
• Seamlessly link data and employee information to the platforms.
• Not to mention more time for accountants to focus on hourly billing for high-value consulting.

It’s all about R-E-S-P-E-C-T

We get it, taxes are hard and we would never want to downplay the difficulties faced in this space.

As Aretha Franklin said, it’s all about respect—and we take that seriously, as should any R&D tax software.

Find a company that is For Accountants By Accountants, that is taking the old game of tax preparation and creating new rules to help you get more while doing less, and is excited to help you receive every dollar you’re entitled to with the help of innovative R&D Tax Credit software.

So, the only question left to ask is, are you ready for your R&D Tax Credits?