Incentives, Grants and Tax Credits for American Businesses
Our team of attorneys, CPAs and professionals will work hard to find incentives, grants and tax credits at the local, state and federal level, to help you protect and grow your business.
ERC COVID 19 Incentives: Up to $26,000 Per W-2 Employee
Do You Have 5-500 Full Time W-2 Employees?
See if Your Business Qualifies for ERC
Employment Incentives & Grants: Supporting You to Grow Economy
Local, State and Federal Governments
offer incentive programs for job creation and employment within geographic districts
One of the key focuses of our economy is on jobs and job creation. The more jobs we create and sustain within the United States, the better. Our economy remains robust, we generate tax revenue through employment taxes, and we have fewer people dependent on “the system.”
This helps increase economic stability, strengthens our financial security and helps ensure that more Americans are working.
The government, at federal and various state levels, create incentives to create jobs. Some focus on raw job creation, some focus on industries, others focus on hiring certain classifications of people (such as long-term unemployed, veterans, disabled workers, minority workers and others).
By filling a need and creating employment opportunities, particularly in identified economically depressed areas, incentives are often available to business owners and operators.
Research & development
R&D Tax Credits: Incentives for Innovation in the USA
Local, State and Federal Government
provide incentives for employment, innovation,
research & development and more.
The federal and state governments have put together a wide range of tax credits, deductions and other incentives to encourage businesses within the United States to grow. A vast range of programs exist, creating opportunities for all sorts of businesses.
Research and development is not limited to laboratory experiments and medical research. Companies and more than 40 industries are able to receive incentives for a wide range of activities.
Depending on the program and the activity, these could include outright grants as well as tax credits or deductions which can be used to offset tax liability and/or tax refund checks.
With a focus on creating high-quality jobs in the United States, many businesses qualify for one special program or another. It is our job to spend months researching programs, analyzing your business, and creating the supporting materials to qualify you for funds available.
Research and Development Is Not Limited to the Laboratory
While researchers in lab coats conducting scientific experiments reflect the typical expectations of research and development, the reality of what constitutes R&D is very different.
Companies can qualify by designing, inventing or improving processes, techniques, products and other tangible and intangible items. It is not limited to invention. In fact, much of R&D is about process improvement.
Can you redesign a thing to use less energy? To perform faster? To perform with less noise? To perform at a lower cost? To do these things, you must expend resources for research and development. This is where we focus our attention.
Industries Engaged in Research & Development
Within the world of R&D, many industries play a role. Pharmaceutical, architecture, manufacturing, engineering, software, energy, and dozens more may engage in R&D activities.
You do not have to be a company dedicated to research and development. Rather, you may be entitled to incentives on that portion of your business that is engaged in R&D activities.
Do you have a food company developing new products? Do you design networking infrastructures for companies to make them more efficient? Do you plan out HVAC systems for schools in a way to save energy? Activities such as this may qualify.
How We Help Business Owners
RESEARCH & DEVELOPMENT
What Constitutes Research and Development?
Look at the Four-Part Test
Do not look at this list and assume your business does not qualify. For example, you may have a business that installs LED lighting in commercial facilities. While the installation work would not be R&D, the time spent by architects and engineers who develop optimal strategies to reduce electrical consumption and heat, as well as reducing of the air conditioning demands (because of the reduced heat) may qualify for R&D credits on those activities.
Our attorneys and accountants will work with you to assess your operations and expenses, help determine if you qualify, and develop strategies for you to maximize the benefits from these programs going forward.
FEDERAL AND LOCAL PROGRAMS
Federal and State Research and Development Programs
Different jurisdictions offer different incentives for innovation, job creation, employing people in protected classifications, etc.