Calculate your R&D Offset with Rebate

We’ve gone over the basics of the Research & Development Tax Credit, like how to know if you qualify and how to decipher the IRS’s four-part test.

Now, it’s time for the fun part – the numbers and money part.  As entrepreneurs ourselves, we understand the fluctuations of available cash day-to-day and how important it is to budget. Calculating your R&D offset or tax credit, used to rely on working with an R&D tax incentive consultant, but not anymore.

We’ve created a simple-to-use tool that evaluates and calculates your potential R&D tax savings – aptly named “the calculator”. You answer a few simple questions and we provide an estimated range of your credit savings so you know what to expect.  

Our calculator tool has a few simple starter questions such as:

  • How many years have you been in business?
  • What type of corporation is your business? (Sole proprietorship, Partnership, Corporation, S Corporation, Limited Liability Corporation – yes, all may qualify!)
  • Are you a software company?  

Then, we ask you for just a few estimations so our calculator can start crunching those numbers, like:

  • Approximately how much did you spend on wages for employees participating in R&D activities this year?*
  • Approximately how much did you spend on contractor costs and supplies for R&D activities?*

 

*Remember, R&D-related expenses mean activities that enhance existing products or processes, develops or designs new products or processes, or develops or improves upon existing prototypes and software in your particular industry. And in recent years, so many more industries now qualify for the credit – so here’s your chance.

And that’s it! Our calculator is free, takes 3 minutes, and uncovers your potential for thousands of dollars in savings.  What’s not to love? 

If you don’t know how to answer a question in the calculator, we love a good old-fashioned phone call to walk you through the details, so feel free to contact us