Research and Development Tax Credits

Do you need to innovate and take on uncertain/risky projects to maintain your competitive advantage? If so, you may be eligible for significant tax savings. BeachFleischman has clients who save thousands, some hundreds of thousands, in taxes every year through federal and state Research & Development tax credits.

Take the R&D Tax Credit “Eligibility Test”

Determining your eligibility is quick and simple.

1) You’re developing a new or improved component
The project is useful in the development of a new or improved business component, such as a product, process, technique, formula, invention or software.

2) You’re discovering new technical information
The project is for the purpose of discovering information that is technical in nature and must rely on the principles of physical sciences, such as engineering, biology or computer science.

3) You’re eliminating uncertainty
The project is intended to eliminate uncertainty related to the development or improvement of a business component. Uncertainty can include the capability, development method or optimal design of the business component.

4) You’re evaluating solutions and test options
The project is evaluating one or more alternative solutions through the development, refinement, and testing of different options. Technical risk must be present, which means there is a chance the project will not be successful.

If you answered YES to all the items above, you may be eligible to claim the R&D tax credit.

Contact our Research and Development Tax Credits Team

BeachFleischman provides research and development tax credits services in Phoenix and Tucson, Arizona and throughout the U.S.