R&D Tax

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
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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:

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[Infographic] Your Ultimate Guide to Claiming SR&ED in 2017

Jun 09 2016
By: boastcapital
Categories: News, R&D Tax
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Boast Capital SR&ED logoThe Scientific Research & Experimental Development (SR&ED) tax credit is Canada’s most popular R&D funding program. Last year, this program provided $4B to 27,000 companies. 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.

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How US R&D Tax Credits Can Increase Your Bottom Line

May 15 2016
By: boastcapital
Categories: News, R&D Tax
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The 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. Here is a summary of those changes:

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When is your project eligible for SR&ED?

Apr 07 2016
By: boastcapital
Categories: Innovation Funding, R&D Tax
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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. 

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  • 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.
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