R&D Tax Credit
Fuel Innovation with Tax Incentives
Drive Innovation and Reduce Your Tax Burden
The R&D Tax Credit provides businesses with a powerful incentive to invest in technological advancement, product development, and process improvements. This federal credit allows companies to reduce tax liabilities and increase cash flow by claiming qualified research expenses (QREs) for activities that drive innovation.
Many businesses assume they don’t qualify for R&D tax credits, even though common activities—such as software development, process optimization, and testing prototypes—may be eligible. At Kewal Krishan & Co., we ensure that businesses maximize their R&D credits while maintaining full compliance with IRS regulations.
Core Services
R&D Activity Qualification
- Evaluate whether business projects and innovations meet IRS standards for R&D credits.
- Identify eligible R&D expenses such as wages, supplies, and contracted research.
Credit Calculation & Documentation
Calculate Qualified Research Expenses (QREs) based on IRS guidelines.
Maintain detailed records to substantiate R&D tax credit claims.
IRS Form 6765 Preparation & Filing
Prepare and submit IRS Form 6765 (Credit for Increasing Research Activities).
Ensure compliance with federal and state-specific R&D credit requirements.
Payroll Tax Offset for Startups
- Help startups apply up to $500,000 in R&D credits against payroll tax liabilities.
- Provide guidance on tax-saving strategies for early-stage businesses.
Multi-Year Credit Optimization
- Assist businesses in amending prior tax returns to claim unclaimed R&D credits.
- Structure future R&D activities to maximize long-term tax benefits.
IRS Audit Defense & Compliance Support
- Provide audit-ready documentation for IRS review.
- Assist in responding to IRS R&D tax credit audits and inquiries.
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