Common Misconceptions
This is not a ‘fly by night’ tax shelter or hokey credit. This is a real legitimate tax credit afforded by the IRS and now made more apparent by President Trump in his attempts to drive American ingenuity, productivity, and incentives to small businesses right here at home. Here are the two most frequent concerns we hear and how we address them:
“But we don’t do R&D.”
Most small businesses assume the credit only applies to labs, manufacturers, or technology companies. In reality, small businesses qualify when they develop treatment protocols, improve diagnostic testing, test different earmolds, or experiment with calibration settings. Architects and general contractors can qualify when they design unique homes, retrofits, or renovations, which push the boundaries of design, energy efficiency, or engineering. Auto body and auto mechanic shops can qualify with custom fabrication, performance optimization, and engine work. Engineering challenges, testing new methods or materials, or developing custom solutions to meet client needs all qualify.
“We don’t want any additional red flags.”
Claiming the credit does not increase your likelihood of being audited. That said, we stand behind our work—our fees include full audit defense, giving you peace of mind that your claim is fully supported and defendable.