What is the Security Research Tax Credit?
As the world becomes more digitized and interconnected, data security importance has never been more crucial. Businesses must protect themselves from increasingly sophisticated cyber-attacks while complying with privacy regulations.
The Security R&D Tax Credit is available to companies of all sizes in all industries. It is used to offset expenses related to designing and developing new security products and procedures, improving existing security products, and conducting research to improve security technologies.
Also, the R&D Tax Credit will reduce your company’s income taxes for qualified research and development expenses. The credit is designed to encourage businesses to invest in security R&D and promote innovation in the security sector. This includes salaries paid to employees working on qualifying projects and materials and contract research expenses.
How We Can Help
Boast has helped many innovative companies recover their research and development expenses through the R&D Tax Credit. Our team of engineers and accountants uses our unique software platform to prepare and estimate claims throughout the year, allowing you to submit your claim faster, more accurately, and with larger reimbursements. Our clients have increased their R&D Tax claims using Boast quicker and with less risk of audit.
Automated R&D Tax Credits for Security
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:How much is the credit worth?
Q:What types of expenses are eligible for the credit?
Q:What types of security-related activities qualify for the credit?
Q:How do I claim the credit?
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.