*****THREAD ALERT****
This information could keep your business open or if shared (please do share it) it could keep open a business on the ropes
What follows is questions and answers about the R&D Tax Incentives. Please share!!
Who qualifies? Who should be taking advantage of this tax law?
Dentists (big time), construction, manufacturing, agriculture, chiropractors, doctors, engineers, consultants, software developers, automotive, medical devices, telecommunications and many more! It's worth a check
What size of companies aren’t taking advantage?
We find that companies between 2-100 employees are missing out on this incentive!
How much are they missing out on?
We typically get back 10k-50k for most our clients, Dentists a bit more, & we have gotten one at 250k
I already have a CPA I’m sure they are doing this?
The answer is most likely NOT. Most CPAs are masters of the deduction but incentives are a completely different set of rules that most CPAs don’t dive into Big companies usually pay someone to focus on this
Unfortunately typical small companies don't have the bandwidth to hire another CPA to handle incentives. Specifically the R&D Incentive. Which is where we come in!
How do I know if my CPA is using it?
Just ask. Ask “are we using the R&D Tax Incentive?” If they say no you’re potentially overpaying taxes. If they say we don’t qualify and you are a company in a field I mentioned above you should really be questioning that advice.
Please remember that some CPAs are well intentioned but they could be costing you lots of $ money $
How can I know if I qualify or not?
We do FREE qualification checks. We gather a bit of information from you send it off and have answer on what you would qualify for in 1-2 weeks. Some find they don’t qualify for much but most qualify for something.
The free check is no obligation. Meaning you don’t have to use us. You can find out if you qualify and how much and use someone else if that’s your desire
Small businesses all around the country are feeling the effects of this COVID-19. We can get you back money you are owed in a fairly short amount of time. That money could mean the difference between staying open, keeping an employee or closing the doors/laying someone off.
It’s simply a free no obligation check to see if you qualify. You might be surprised how much of YOUR money is sitting at the IRS. It’s Free money you weren’t counting on. Reach out to me! We can help you or a friend!
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