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Maximize Your
R&D Tax Credits
the Easy way
The research and development (R&D) tax credit was created to incentivize companies in numerous industries to keep innovative jobs here in the United States. Join more than 12 million American taxpayers from all industries who take advantage of the R&D tax credit every year.
See our industry-specific pages to learn more about qualification criteria – what your company is working on right now may be eligible for significant tax breaks.
Claim with Confidence
TaxRX Group's smart strategy for R&D tax credits saves you time and minimizes complications, maximizing the returns on your R&D spending.
By integrating R&D tax credit software with a team of specialists, TaxRx simplifies the application process and accurately calculates both federal and state credits in the U.S. The outcome? You can confidently apply for the credit and enjoy the maximum benefits.
Federal R&D Tax Credit
Recover upwards of 10 % of your R&D spend from the IRS. Qualified small businesses can offset payroll taxes up to $250,000 per year.
State R&D Tax Credit
Most states follow the federal method, allowing up to an additional 3 - 24% recovery of expenses. Knowing each state’s R&D tax credit model is where our team thrives!
How do I know if my projects qualify?
All activities must meet the requirements of The 4-Part Test in order to determine whether the associated project expenses can be included in the credit calculations.
Purpose
The research must impart new or improved functionality, performance, reliability, or quality to a product, process, formulation, invention, software, or technique.
Technological
The activity undertaken must rely on the principles of “hard” sciences including physics, biology, engineering, chemistry, or computer science.
Eliminating Uncertainty
From the outset of the project, the development team must encounter technical uncertainty regarding the optimal design, methodology, or capability to achieve project specifications.
Experimentation
The activities constitute a process of experimentation with the intent to resolve the technical uncertainty through the systematic evaluation of alternate solutions.
The 4-Part Test is the most challenging and extensive part of any R&D Tax Credit Claim. It is imperative to have an experienced hand to ensure that your R&D Tax Credits are properly calculated and substantiated. TaxRx Group has the tax experts you need to maximize your benefits.
Dentistry is rapidly adopting technology, such as digital imaging and CAD-CAM labs. Clinicians need to develop protocols, train staff, and evaluate efficacy, all of which require significant R&D investments.
Bringing new procedures into your practice requires workflow, design, training, and case outcome evaluations – often with little clinically recognizable guidance. These steps all require significant investments in R&D
Most stages of the software development process qualify as R&D, and software companies recoup some of the highest of their R&D expenditures compared to other industries. Planning, creating, improving, testing, and implementing are all qualifying activities
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What services does TaxRx provide?TaxRx specializes in tailored tax advisory services for healthcare professionals. We evaluate your tax profile, identify possible savings, and provide ongoing support to help maximize tax efficiency. We work closely with your existing financial team to ensure a smooth integration of strategies.
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Does TaxRx work with my accountant?Yes, absolutely. We collaborate directly with your accountant or financial advisor to ensure that our recommendations align with your overall tax strategy. Our goal is to enhance—not replace—the expertise you already trust.
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Why hasn't my accountant told me about these savings?Tax laws are vast and complex, and many accountants focus on providing excellent general tax support. Our focus on healthcare-specific tax strategies and credits, like R&D, allows us to offer insights that complement the strong foundational support your accountant provides.
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When is the best time to get started?The best time to start tax planning is well before the end of the tax year to allow for thoughtful strategy integration. However, we’re here to help at any time of year to provide personalized guidance on what options may benefit you going forward.
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Are these risky strategies?No, our approach is grounded in established tax laws and best practices. Each strategy we recommend is assessed for compliance and suitability for your individual tax profile, and we prioritize transparency and accuracy in every step.
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How does pricing work?Our pricing is built to fit your business and designed to reflect the efficiencies of our process. Most are flat fee services, in others, practices pay a small base fee plus a percentage of their credit.