How is the credit computed?

There are two (2) different calculation methods for the R&D tax credit. These are: 

1) Regular Credit which compares your current R&D qualified expenses to historic R&D spend by comparing past years' spending against your total revenue. 

2) Alternative Simplified Credit (ASC) which compares your current spending to the prior three (3) years of spending by your company. GOAT.tax's SmartCreditEngine runs both methods to determine the maximum benefit that your company is entitled to.