Innovation is the lifeblood of any successful business, but with high costs, prolonged development, and uncertain returns on investment, it can be difficult to justify investing in research and development (R&D). That’s where R&D tax credits come into play.
Enacted in 1981, R&D tax credits are a government incentive designed to encourage businesses to invest in research and development efforts in the United States. There are several benefits to claiming these credits, like reducing your taxable income, offsetting your R&D costs, and even freeing up more capital to reinvest into your business.
Haynie & Company is the leading provider of R&D tax credit services in Denver, Colorado. From identifying and documenting eligible expenses to preparing and filing the tax credit claim itself, our comprehensive R&D tax credit services will ensure that you don’t miss out on the opportunity to save money and maximize your tax savings. Contact us today to learn how we can help!