At Third Fourth, we specialize in helping businesses maximize their opportunities for growth. One of the most overlooked and valuable opportunities is the IRS Research & Development (R&D) Tax Credit. We provide expert guidance and proven strategies to help companies unlock this significant tax benefit, which can even be backdated up to three years for additional savings.
Who Can Take Advantage of the IRS R&D Tax Credit?
Your business may qualify for the R&D tax credit if:
You have at least 3 employees
(including owners and staff).
Your annual revenue is between $1 million and $100 million.
You engage in activities that improve or develop products, processes, or software
What Qualifies for the R&D Tax Credit?
A wide range of activities can qualify for this credit, including:
Developing or improving products, software, or processes.
Innovating solutions to technical challenges.
Prototyping, testing, or integrating new systems.
Streamlining operations with technology or innovative practices.
Why Work with the Experts at Third Fourth?
Specialized Expertise in R&D Credits
Navigating the IRS R&D Tax Credit process can be challenging. By partnering with BIS, we ensure your business maximizes its claim while staying fully compliant with IRS regulations.
Turnkey Solutions
From evaluation to paperwork preparation, we streamline the process for you. Our team works closely with yours to identify eligible activities, compile necessary data, and deliver a clear and actionable plan for claiming your credit.
Proven Results
We’ve helped businesses across industries save thousands—and even millions—through the R&D tax credit. These savings allow companies to reinvest in innovation, hiring, and growth.
No Risk Partnership
Our process involves no upfront risk. We only succeed when you do, ensuring a results-driven partnership.
Backdated Savings
Not only can you claim current-year credits, but the R&D tax credit can also be backdated up to three years, allowing your business to recoup even more savings for prior eligible activities.
Our Process Minimizes the Chances of R&D Claim Denials
- Initial Assessment: We conduct a free evaluation to determine your eligibility.
- Collaboration with BIS: Our experts work with you to identify qualifying activities and gather detailed information about expenses.
- Comprehensive Preparation: BIS prepares all the forms and necessary paperwork, ready for your accounting team to file or amend your taxes.
- Savings Realized: Your business claims its R&D tax credit and reinvests in its future success.
Don’t wait any longer and get back what you’ve worked so hard for!
Don’t leave money on the table. Partner with Third Fourth and Business Incentive Solutions to unlock the tax savings your business deserves. With the ability to claim backdated credits up to three years, you have the potential to uncover savings you didn’t even know were possible.
Frequently Asked Questions
What kind of expenses typically qualify?
The IRS uses a Four-Part Test to determine if your R&D activities qualify for the credit:
- Permitted Purpose: Are you developing or improving a product, process, formula, or software?
- Technological in Nature: Is your work based in the physical or biological sciences, engineering, or computer sciences?
- Elimination of Uncertainty: Are you exploring questions like “Can we develop this?” or “How should we develop this?”
- Process of Experimentation: Are you systematically testing and evaluating alternatives to find a solution?
How do I actually monetize the credit?
There are two main ways to benefit from the R&D tax credit based on your company’s stage:
- Startups and Small Businesses:
- If your company has less than $5 million in gross receipts, is within its first 5 years of generating any revenue, and has claimed the payroll R&D tax credit less than five times, you can use the credit to offset up to $500,000 of the employer’s FICA and Medicare tax on an on-time return.
- Established Companies:
- For companies that no longer qualify for the payroll offset, the R&D tax credit can be used to offset income tax liability instead.
- There is no limit to the amount you can claim, and unused credits can carry forward for up to 20 years.