From Concept to Credit: Optimizing R&D Investments for American Businesses
Key Takeaways: Clearly define your R&D goals to ensure a well-executed process. Research and understand all available investment options and benefits to maximize returns. Stay updated on changes to R&D benefits, such as the R&D Tax Credit, to avoid errors when claiming benefits. Invest in hiring and retaining skilled employees, providing them with the necessary…
R&D: U.S. Trends and International Comparisons
Research and Development (R&D) is a key element of the U.S economy, being enforced by many industries, from technology to healthcare, in both the public and private sectors. R&D refers to creative and systematic work that aims to increase state knowledge and is divided into three categories: basic research, applied research, and experimental development. This…
What Are Considered Qualified Research Expenses?
Qualified Research Expenses (also known as QREs) are central to Research and Development (R&D) Tax Credit: they are what can be claimed as a useful expense to obtain the benefit in the US. Although, many businesses end up getting confused about what counts as a qualified expense and what doesn’t. That’s why it’s important to…
R&D Tax Credits in Healthcare Industry
In the Healthcare sector, R&D plays a significant role in several areas, from the development of new medicines to the establishment of new methods and procedures. Generally, the duration of projects in this sector is quite long – especially when we talk about the development of new drugs, which can take up to fifteen years…
R&D Tax Credits Demystified, Your Key to Innovation Financing in the USA
Innovation is the key and the force driving many sectors, involving many agents, from companies to institutions and governments. Therefore, it is no surprise that the importance of Research and Development (R&D) activities is being increasingly recognized and promoted, especially by promoting the economic growth of different countries. Governments incentivize investing in innovation by offering…
Why Choose FI Group as a Partner?
Partnerships are always an important part of a business – they are symbiotic relationships of two or more people or companies that work together to achieve a common goal. Strategic and trustworthy partnerships can give you access to a range of experiences, knowledge, and skills. Depending on your business needs, a partnership can help you…
Our Tailored End-To-End Approach Meets Your Needs!
When looking for a service or partnership, it is important to know how the process is executed at each step to meet your objectives and resolve pain points. FI Group’s tailored end-to-end methodology aims to serve each client profile and its processes. Our team aids and educates companies on identifying, claiming, and investing in their…
How Environmental Innovation Qualifies for Tax Credits
Navigating Tax Credits through Environmental Innovation In a world where the urgency for sustainable solutions echoes louder than ever, organizations embracing the mantle of environmental innovation find themselves at the forefront of change. Beyond the altruistic pursuit of a greener planet, there lies a compelling financial incentive waiting to be unearthed. Picture this: a landscape…
The Role of Technology in R&D Tax Credit Claims
The ever-evolving business landscape continuously demands innovative solutions and advancements. Research and Development (R&D) is a crucial aspect of this evolution, pushing the boundaries of discovery and invention. Alongside the importance of R&D, tax credits for these efforts play a vital role in fostering innovation within businesses, from startups to major corporations. In the complex…
IRS extends time to ‘perfect’ R&D tax credit claims
The Internal Revenue Service is once again extending for another year the transition period during which taxpayers have 45 days to perfect a research credit claim for refund before the IRS makes its final decision about the claim. They will now have through Jan. 10, 2025, to perfect the claim. Over a year ago, the…
