Your business thrives on innovation. You invest time, resources, and capital into developing new products, enhancing existing processes, or creating groundbreaking software. This commitment to research and development (R&D) is the driving force behind your growth. But are you fully leveraging the tax incentives designed to reward that innovation?
The Research and Development tax credit is a powerful, dollar-for-dollar reduction of your tax liability, yet many businesses overlook it or fail to claim its full value. The rules are intricate, the documentation requirements are specific, and the landscape is constantly changing. For many business owners, what begins as an opportunity can quickly become a source of confusion and risk.
At Frost Law, our team of tax attorneys has guided numerous businesses through the complexities of the R&D tax credit. From our offices in Annapolis, Maryland, we have assisted clients across the country, providing the tax advisory support you need to confidently claim the credits you've earned while you focus on what you do best: innovating.
Are you sure your activities qualify? Do you have the necessary documentation to support your claim? What happens if your claim is questioned?
These are common concerns that can deter a business from pursuing valuable tax credits. The IRS has a four-part test to determine what constitutes "qualified research". The activities must serve a permitted purpose, be technological in nature, intended to eliminate uncertainty, and part of a process of experimentation.
Our tax attorneys help businesses understand the requirements for research and development. We work with you to identify qualifying research expenses—from employee wages to supplies and contractor costs—and ensure your claim is built on a solid foundation.
Whether you are a new venture or an established company, your R&D tax strategy needs to align with your specific circumstances. Our team is equipped to assist with a range of needs related to research and development.
Navigating Research and Development tax law is about more than just filling out a form. It’s about building a sustainable strategy that aligns with your business goals and minimizes risk.
Our tax attorneys understand the challenges businesses face and are here to provide the support needed to turn those challenges into opportunities. Contact our team today at (410) 497-5947 or schedule a confidential case evaluation. Let’s discuss how we can help your business secure the full value of its innovation.
