Innovation Funding

10 R&D Tax Myths That Might Be Costing You $250,000 Per Year

Feb 16 2017
By: boastcapital
Categories: Business Resources, Innovation Funding, News, R&D Tax
No Comments

R&D tax myths

Each year the US government provides billions of dollars to thousands of companies for developing new or improving existing technologies, products, materials, and processes, under the US Research & Experimentation Tax Credit (R&D Tax Credit) program.

Previously, the R&D Tax Credit program would periodically expire and be renewed by Congress. Companies wishing to include this in their long-term budgeting plans couldn’t count on the credit being around for certain. In 2015, the Congress made the R&D tax credit permanent as part of the Protecting Americans from Tax Hikes (PATH) Act of 2015 and also made key changes so that more type of companies could benefit from the program.

However, we come across several companies every day who don’t think they qualify based on some misperception or the other. Here are the 10 most common R&D tax credit myths debunked:

Read more

How Alberta Investors Can Get 30% Tax Credit For Funding Startups

Jan 16 2017
By: boastcapital
Categories: Business Resources, Innovation Funding, News
No Comments

On December 15, 2016, the Government of Alberta (“Government”) released guidelines providing details of the Alberta Investor Tax Credit (“AITC”) program created under the Investing in a Diversified Alberta Economy Act (the “Act”). The Act came into force January 1, 2017 and provides tax credits for certain investments in qualified small businesses.

The Government has allocated $90 million to the program over its initial three-year term ending in 2019. The Government expects the program to support up to 4,400 new jobs over three years and contribute $500 million to Alberta’s GDP.

Alberta Investor Tax Credit

Read more

[Infographic] Everything You Need to Know About US Research & Experimentation Tax Credits

Dec 05 2016
By: boastcapital
Categories: Innovation Funding, News
No Comments

US R&E BannerThe US Research & Experimentation Tax Credit or R&D Tax Credit is a general business tax credit under Internal Revenue Code section 41 for companies that incur research and development (R&D) costs in the United States. The US R&D tax credit has been around since 1981.

However, it has never been permanent – it would periodically expire and be renewed by Congress. Companies wishing to include this in their long-term budgeting plans couldn’t count on the credit being around for certain. Additionally, many companies couldn’t benefit from the credit since they didn’t owe federal income tax or were subject to the alternative minimum tax (AMT).

In 2015, the Congress made the R&D tax credit permanent and also made key changes so that more companies can benefit from the credit.

We know that this program can seem complicated for first-time claimers so we attempted to simplify it into an easy-to-read infographic.

If you have any questions, get in touch with us. We are more than happy to explain the program in more detail for your unique needs.

Read more

When is your project eligible for SR&ED?

Apr 07 2016
By: boastcapital
Categories: Innovation Funding, R&D Tax
No Comments

Is your project eligible for SR&ED?

Companies tend to organize themselves around the execution of business projects. The team will execute on a plan to fulfill the technical requirements for a particular business project in order to meet certain commercial objectives of the company. When a company wants to claim SR&ED on a project, they view their work through a commercial viewpoint and consider the business project to be a SR&ED project. 

Read more
  • About Us
    Boast Capital is a team of engineers and finance professionals with over 20 years experience helping companies in Canada and the U.S. successfully claim and maximize R&D tax credits.
  • Sign up for our Newsletter