What is a R&D Tax Credit?
In 1981 Congress passed a law to launch U.S. businesses forward into global competition and innovation. Today, the Research & Development tax credit is stronger than ever.
A R&D tax credit is a dollar-for-dollar reduction in a U.S. taxpayer’s tax bill. The amount of the credit is based on the taxpayer’s annual qualified R&D spend. You can generate a R&D tax incurring wage, supply, and contractor expenses each year. The R&D credit allows for you to recoup roughly 10% of your annual R&D spend. Credits can be used on your prior 3 years of tax returns, and R&D credit carry forwards can be used up to 20 years into the future as well.
Endeavor Advisors possesses the industry knowledge, accounting experience, and legal expertise necessary to provide you with a user-friendly solution for R&D credit analysis.
How Endeavor can File Your Research and Development Tax Credit
Endeavor Advisors was founded by partners that have extensive experience in the R&D space. We are a turnkey R&D specialist – we walk you through from an initial qualification call & credit estimate, all the way through to quantifying your R&D credit, providing pro-forma forms for you federal and state filings, and ultimately complete your R&D study with a comprehensive Final Report documenting each step of the process.
Often times, business owners approach us for guidance on filing corporate R&D tax credits that they were previously claiming in house. Nine times out of ten, Endeavor finds that taxpayers are under-claiming credits. In addition, their credits are often under-substantiated and documented. For these reasons, it is imperative to consult with an R&D expert to ensure that your R&D study process is held to an appropriate standard of excellence.
Your Industry is Earning Huge Tax R&D Tax Credits...
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Which states qualify for R&D tax credits?
Currently 38 states qualify for R&D tax credits while 12 states do not. Check to see if your state qualifies.
We have been working with Endeavor Advisors for a few years now, and we can vouch for their ability to execute on complex R&D studies. They consistently find more credits than our clients were finding on their own. We are satisfied with their methodology and responsiveness, so we can rest assured that our clients are in good hands with Endeavor.
We have worked with Endeavor Advisors on several mutual clients. We find their R&D services to be timely, well-executed, and easy to integrate into our business. Most importantly, we have received consistently positive feedback from our mutual clients!
We began working with Endeavor Advisors on the advice of our CPA. After having claimed the R&D credit previously, Endeavor was able to find us significantly more credit, and document our R&D study process with a thorough final report. After reviewing the quality of their work product, we have decided to use Endeavor each year for our R&D credit needs. They are respectful of our time, professional, and flexible.
Steven at Endeavor Advisors helped me with a one-off legal issue, and I am here to attest to his professionalism and attention to detail. Even when he was operating outside of his usual tax specialty, he showed up with a poise and presence that helped us achieve a great result in our case.
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