There are two (2) different calculation methods for the R&D tax credit. The first, is the Regular Credit which compares your current R&D qualified expenses to historic R&D spend by comparing past years spend against your total revenue. The second method, is the Alternative Simplified Credit (ASC) which compares your current spend to the prior three (3) years of spend by your company. GOAT.tax's SmartCreditEngine runs both methods to determine the maximum benefit that your company is entitled to.
Articles in this section
- My start-up is not profitable, do I still qualify for the R&D credit?
- How is the credit computed?
- How much money can I get back from the IRS?
- What happens if I can't utilize all my R&D tax credits?
- What type of deliverable will I receive?
- I don't have any employees, can I still claim the credit?
- Why hasn't my CPA told me about the R&D credit?
- How soon can I get my money after I claim the credit?
- What happens if I get audited?
- I took the Employee Retention Credit (ERC) does that matter?
Comments
0 commentsPlease sign in to leave a comment.