What is the Cell Phone Network R&D Tax Credit?
The Cell Phone Network R&D Tax Credit is available to companies that develop and deploy new or improved cell phone networks, including those that use new technologies, such as 4G and 5G. The credit can be used as a tax deduction for federal and state income tax, and it can be claimed for up to 20% of the qualified business expense.
It is available to both small and large businesses, including corporations, partnerships, and sole proprietorships, and allows eligible companies to receive a credit for qualified research and development (R&D) expenses incurred during the tax year.
How We Can Help
Companies frequently struggle with tax claims, but with Boast, they can easily recover their cellphone network R&D tax credit. Clients may receive more money back in less time and with fewer audit risks thanks to our software platform and a team of professionals.
Automated R&D Tax Credits for Cell Phone Networks
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:What Percentage of My Phone Can I Claim on Tax?
Q:Can you Deduct Cell Phone Expenses and Internet Fees from Taxes?
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.