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The Research & Development Tax Credit
Get paid to refine your business.
We can show you how.
Watch our
R&D Tax
Credit Video
Does your company’s research pass these four
eligibility tests?
Elimination of
Uncertainty Test
Your company’s research
must aim to “eliminate
uncertainty” related to the
development of a product.
Discovery of
Technological
Information Test
The research must use the
principles of hard science in
the search for “technological
information”.
Business
Component Test
The research must be linked to
a new or improved “business
component” like computer
software or a product.
Process of
Experimentation
Test
The research must use the
“process of experimentation,”
which includes modeling,
simulating, and testing.
Want to know more about the
R&D Tax Credit?
Why hire Moskowitz LLP?
Experience. We have been helping clients plan their estates for nearly four decades, and we are familiar with all of the financial and legal problems that serious injuries and death can pose. We can prepare all of the required documentation, offer guidance backed by deep experience, explain best practices, and answer questions about complicated issues.
Uncommon Approach. Because we’re both a law firm and an accounting house, we’re uniquely positioned to support a variety of estate-related needs. We can help you manage legal problems and avoid accounting woes—all under one roof.
Painless Planning. Our estate planning team can help you solve your estate-related problems so that you can rest easy now and so that your loved ones can focus on healing if the worst happens. Serious injuries and death are already stressful enough without the financial and legal complications caused by poor planning.
FAQs
What kinds of companies qualify for the R&D tax credit?
Besides obvious industries like information technology and pharmaceuticals, companies in dozens of other sectors can qualify for the R&D tax credit. Qualifying industries include agriculture, architecture, cannabis, food & beverage, packaging, software development, and wineries & vineyards.
What sorts of research projects pass the four-part qualification test?
Examples of qualifying research include projects that improve a manufacturing process, develop green initiatives, create new software, build prototypes, or add equipment that streamlines a process. If you have questions about your company’s specific project, please call the team at Moskowitz LLP.
What are the financial benefits of claiming the R&D tax credit?
Companies can usually apply 6% to 8% of their total yearly qualifying R&D expenses to their federal income tax liability. Companies can also claim up to $250,000 against their payroll taxes each year. New businesses can claim a total of $1.25 million in tax credits against their payroll taxes for five years.
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