Retain notes, design revisions, and other support related to potentially qualifying projects in one place.
Isolate and track expenses related to potential R&D activities in a manner that works for your business and accounting system.
Give due attention to contract agreements, the IRS and state authorities are likely to request your contracts to verify that your company bears the financial risk of those contracts and retains rights to any intellectual property developed.
Be particularly cautious if you plan to carry credits forward. Companies on the verge of profitability (or that have plans to sell or go public) may be more scrutinized if they claimed credits on their tax returns to carry forward and use later.
Learn More about the US R&E Program & How EVAMAX can help Maximize benefits through the program
For assistance in preparing your submission and to position your application for approvalcontact EVAMAX Group to help you with the process. You may also email us at firstname.lastname@example.org or call 1-877-711-7733.