Client Login Claim R&D Tax Credits to Reduce Your Business Taxes
Tax Credits for Innovation, Product Development, & Research
You don’t have to send a rocket to Mars to qualify for the Research & Development tax credit. There are thousands of businesses that claim this credit annually whose innovations you’ve never heard of and thousands more who haven’t even reached the finish line. If you’re worried about even asking the question of whether your business qualifies…STOP IT! If you believe your business has (or is developing) a novel product, process, formula or software, it’s worth a chat.
...your R&D tax credit should be defensible
Dark Horse works with a team of R&D credit specialists who create a robust tax credit study that dots every “i” and crosses every “t” should the IRS ever want to take a closer look. The tax credit mills that crank out a high volume of credits care very little about whether the credit can be substantiated under audit because they’ll likely have wound down their business by the time they would have to face the music.
...missing out on the R&D tax credit is a shame.
If you wait too long to claim the R&D tax credit, you may not be able to claim it at all. The IRS limits the amount of time you have to amend prior year tax returns in order to claim the credit. So, if you’re waiting to claim the credit because you don’t think you can utilize it right now, we urge you to reconsider.
For most companies, the credit is worth 7-10% of qualified research expenditures. It’s a dollar-for-dollar credit against taxes owed, which can dramatically lower your effective tax rate. Plus, it can be carried back one tax year and carried forward for 20 years.
Depending on the particulars of your business and personal tax situation, the tax credit can be used to offset:
3 Steps to Claim Your R&D Credit
STEP ONE
We'll help you determine if your business qualifies for the Research & Development Tax Credit
STEP TWO
If you qualify, we’ll coordinate with our R&D credit team to collect all information needed to claim the credit
STEP THREE
We'll claim the credit on your behalf, ensuring the correct elections are made to maximize the credit