What is the Computer Manufacturer R&D Tax Credit?
The computer manufacturing industry has been one of the most important and innovative industries. Machines and many computer-aided manufacturing processes have taken the place of much manual labor in production and delivery. With all these new techniques and advancements, research and development (R&D) remain an important component of the computer manufacturing sector.
Manufacturers must invest in new technologies and processes to stay competitive. Much of its financing is spent developing faster, more efficient, and more reliable machines.
The Computer Manufacturer R&D Tax Credit is a federal tax credit available to businesses engaged in the process of experimentation to create new or improve existing goods or services. Whether you’re involved in software development or other research activities, the R&D tax credit can help you save money while investing in your company.
How We Can Help
Claiming taxes and recovering from all research and development costs is a tedious task, but it becomes a lot easier with the Boast software platform. Our team of engineers and accountants came up with a way to fast-track all preparation and estimates of clients throughout the year, helping them claim larger refunds with only minimal audit risk.
Automated R&D Tax Credits for Computer Manufacturing
The Boast platform gathers data from your technical and financial systems to identify and categorize eligible projects, time, and expenses—estimating along the way instead of only at the end—and getting you more money, faster, for less time, and risk.
- Time Tracking
- Audit Evidence
- Tax Forms
Frequently Asked Questions
Q:Who is eligible for the R&D tax credit?
Q:What types of activities qualify for the R&D tax credit?
- Developing or improving computer hardware products
- Designing and testing new computer hardware prototypes
- Conducting qualified research into the new or improved product and manufacturing processes for computer hardware
Q:Are there any other requirements that must be met to claim the research tax credit?
Q:What are the benefits of claiming the R&D tax credit?
Q:How can we claim the tax credits?
Your free 1-hour consultation includes a detailed review of our platform, your projects, processes, and financial data by one of our R&D Tax experts.
Talk to one of our experts to see how outsourcing your R&D tax claims to Boast can get you more money back from the government and help you regain the time you need to run your business.
Fill out the form to schedule your demo.