Research & Development

The Research and Development (R&D) tax credit is a government incentive designed to encourage innovation and technological advancement among businesses. Established in 1981, the credit allows eligible businesses to offset a portion of their income tax liability with qualified R&D expenses. These expenses typically include wages for employees engaged in R&D activities, costs associated with developing new products or processes, and expenses related to research conducted outside the company.

R&D tax credit aims to stimulate economic growth by fostering innovation across various industries, from technology and pharmaceuticals to manufacturing and engineering. It serves as a financial incentive for companies to invest in research that contributes to the development of new technologies, products, or improved processes. Over the years, the R&D tax credit has been a valuable tool for businesses to remain competitive on a global scale and to promote a culture of innovation within the United States.

Benefits you’ll love

Dollar-for-dollar reduction in your federal and state income tax liability

Increased in earnings-per-share

Improved cash flow

Credit carried forward up to 20 years

R&D tax credit boosts innovation, giving companies a competitive edge

And More

Seize the R&D tax credit to turbocharge your business growth. Transform your research investments into powerful financial incentives, propelling your company forward in the competitive landscape.

Projects/Products that may qualify:

New Product Development: Research and development expenses incurred while creating new products or significantly enhancing existing ones.
Process Improvement: Costs associated with developing more efficient manufacturing or operational processes.
Software Development: Expenditures related to the creation or improvement of software, including coding, testing, and debugging.
Prototype Development: Costs involved in designing and building prototypes for new products or processes.
Scientific Research: Expenses for scientific inquiry aimed at resolving technological uncertainties in your industry.
Environmental Sustainability Projects: Research focused on developing eco-friendly technologies or processes.
Material Testing: Costs associated with experimenting and testing new materials for improved product performance.
Automation and Robotics: Expenses related to the development and integration of automation and robotic systems.
Biotechnological Advancements: Research costs incurred in the field of biotechnology, such as pharmaceutical research or genetic engineering.
Data Security Enhancement: Expenditures on research to enhance cybersecurity measures and protect sensitive data from potential threats.

Over 100 industry companies trust us

As a rapidly growing Company, we were beginning to see the dramatic tax consequences of our growth and good fortune. In lieu of our growing tax liabilities we engaged Carrazco and our expectations were dramatically exceeded. Through their Innovative Tax Strategies, Carrazco secured hundreds of thousands of dollars in tax savings for our Company. Needless to say, RB Spencer is proud to have a business relationship with a Firm that delivers on their promises.”

BOB SPENCER

President - RB Spencer, Inc

Carrazco - Innovative Tax Solutions thoroughly analyzed current and future tax saving opportunities as well as prior year possibilities. By implementing Carrazco's Innovative Tax Strategies our company was able to realize over $200K in tax refunds and future offsets, increasing company cash flow and dramatically improving our bottom line.

RYAN ROGERS

Lakeview Petroleum

Although we had some understanding of the tax incentives available through the Yuba-Sutter Enterprise Zone, we had never thoroughly pursued it under the impression that our Company was too small to benefit. That changed when we met the folks at Carrazco who guided us to take full advantage of the benefits we were entitled. Carrazco's business philosophy of ”No Results, No Fee” made it so we had nothing to lose and everything to gain. The process was efficiently streamlined to make things simple...the results, on the other hand, were extraordinary!

RANDY FLETCHER

Fletcher Insurance Services, Inc.