A Gateway to Your R&D Incentive
The R&D doesn’t happen only in test tubes. If you’re solving problems or tailoring a product or service. Likely you are performing R&D. Wherever you work, that’s your R&D lab.
Put Your Business in a Place to Grow
Fortune 500 companies don’t miss stimulus opportunities, because they have a team of Staff CPA’s and Tax Attorneys. This team takes advantage of tax credits.
Now! the small and medium size companies have access to the same kind of team of professionals with Bisincentives.
Bisincentives with a team of highly experienced professional CPAs, Tax Attorneys and Tech Veterans have streamlined the process with technology and more, to make a difference for your business.
What are R&D Tax Credits?
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The R&D (Research & Development) Tax Credit was created to keep jobs on American soil, encourage innovation, discovery, technological advancement and entrepreneurship and has been in existence since 1981, providing over $10 billion a year in tax savings to businesses.
Get $1000’s back for the last 3 years with the R&D Tax Credits
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If you’re or making a new or custom product, improving process, formula, or software, making and incurring expenses for wages, contractors, or supplies related to that work, then chances are you’ve done the hard part, and now you need the credits you deserve.
The R&D happens in my Industry?
R&D Tax Credits are one of the biggest boosts for businesses the government offers, but not enough people understand how these incentives apply in their business
R&D can happen in a wide variety of Industries. If you are spending time, money or expertise improving, or making more efficient, or creating a product, service or process in your industry, then it is likely you will qualify.
If You Don’t Know About It; You Can’t Take Advantage!
The U.S government has powerful Tax Incentives as a stimulus to encourage innovation, discovery, technological advancement and entrepreneurship. Rewarding businesses to create and keep jobs on American soil.
What is Innovation?
Innovation is the procedure to modify existing operations, products or services to introduce new and improved offerings.
Every time your favorite brand rolls out a new product, that is innovation in action. Every time your vendors introduce a new billing system that streamlines your payments, that is also innovation
Tax Credits to Stimulate Your Business
Fortune 500 companies don’t miss stimulus opportunities, because they have a team of Staff CPA’s and Tax Attorneys. They take full advantage of tax credits.
Now, the small and medium size businesses have access to the same kind of team of professionals as the Fortune 500’s. It’s your turn to get your benefits!
The R&D Tax Credit and the other related tax breaks save U.S. Businesses more than $12 Billion Annually!
The U.S. offers some of the richest R&D Tax Incentives, but chances are you not taking advantage and getting the cash you deserve. As the pace of your business accelerates and competition increases, you may be more likely to overlook this source of cash because you lack the time, resources or expertise needed to identify and manage R&D Tax Credit claims.
Some R&D History
The R&D tax credit was introduced in 1981 and regularly renewed, in 2003 the “discovery rule "was removed. It means that the company's research activity no longer has to be new in nature. The activities only have to be new to the taxpayer. In 2015 it became permanent, along with expanding several of its provisions for the benefit of small and medium size business.
Qualified Research Activities
- Developing or designing new products, processes or formulas
- Developing a new manufacturing process
- Developing prototypes or models
- Developing internal software solutions
- Developing or improving software technologies
- Testing new materials or concepts
- Streamlining internal processes
- Documenting research activities
- Designing or evaluating product alternatives
- Certification testing
- Environmental testing
Your business Potential Benefits when you take advantage of the R&D Tax Incentives
- An immediate source of cash
- For all business sizes, not just for major corporations
- Improves cash flow
- May be claimed for 3 prior years of filed taxes
- May be carried over for up to 20 years
- Federal and State Dollar-for-Dollar Income Tax Reduction
- May reduce your effective tax rate
Some Success Stories
Dental Practice
S Corp – 2 shareholders – 25 employees
$134,000 regional/national
Incentives realized
Commercial Construction Company
S Corp – 4 shareholders – 50 employees
$262,000 regional/national
Incentives realized
Electrical Contractor and Supply
C Corp – 1 location – 45 employees
$123,000 regional/national
Incentives Realized
R&D Industries
R&D can happen in a wide variety of Industries. If you are spending time, money or expertise improving, or innovating, or making more efficient or reliable, or creating a product, service or process or add technological advancements in your industry, then is likely you will qualify.
Agriculture
Apparel
Breweries/Wineries
Coating and Adhesives
Commercial Bakeries
Construction
Dentistry
Distribution
Electronics
Energy
Fabricators
Food Processors
Food Products
Furniture Makers
HVAC
Jewelry Designs
Job shops
Manufacturing
Medical/ Medical Devices
oil and gas refineries
Package design
Pharmaceuticals
Plastic Injection
Research and development
telecommunications
Easy to Get Started
Step 1
- Explain how incentives work for your specific business
- Gather general information about your business
- Review and complete a questionnaire
Step 2
- Questionnaire is summited
- Email will be sent to your business requesting additional information
- Free analysis with projected Tax Credits will be presented
Step 3
- Forensic Analysis will be completed
- Amended tax returns will be completed
- Business owner receives checks from the IRS
If you don’t know about it, you can’t take advantage!
- Schedule a no charge consultation with our team of experts to learn more. We’ll discuss your eligibility and help estimate your specific potential tax benefits.