Capstan helps clients prepare reports to document R&D Tax Credits. Companies that incur R&D expense in the U.S. are eligible. Originally introduced in 1981, R&D Tax Credits provide an incentive to U.S. manufacturers, encouraging development of new and improved products, processes, and software.
In general, the R&D Tax Credit allows for generous reduction of federal taxes. In addition to the federal tax credit, about 40 states have their own R&D tax incentive program. This Capstan service is designed to help clients in identifying, calculating, and claiming these potentially significant credits.