Did you know that all work done in partnership with Pixoul is eligible for the federal R&D Tax Credit?* You could qualify for a tax credit that directly offsets your spending with us, dollar for dollar.
*Subject to validation based on your unique project. See our legal notice for more info.
The Research and Development (R&D) Tax Credit is a government-sponsored tax incentive offered to companies who create or improve a product or process in the course of their business. Many businesses are unaware that their daily operations could qualify for a dollar-for-dollar tax credit, irrespective of industry or company size.
-Leyton Group USA, The CPA Journal
There are generally four areas of costs where your company can qualify for credit: wages, subcontractors, raw materials and supplies, and computer costs.
To be eligible for the R&D Tax Credit, the IRS has enforced a four-part test to determine qualified R&D activity. An activity must meet all four parts to be considered a qualifying research activity. As a quick summary, the four parts generally are:
Generally speaking, all of our work will qualify for the R&D Tax Credit, with a few exceptions. To qualify as research according to IRC section 41, the taxpayer must show that the activities include:
At your company's discretion, Pixoul will partner with your internal or external accounting teams to ensure your project qualifies for the federal R&D Tax Credit. When applicable, we'll scope and identify which of our services qualify for credit and how much credit you're able to take advantage of.
Nearly all of our consultancy projects can qualify for the federal R&D Tax Credit, which means that every dollar you spend with us can directly offset your federal tax liability. To get started, schedule a call with a Pixoul product strategist to discuss your unique needs.
Schedule a call Tell us about your unique project needs and a Pixoul product strategist
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Product consulting
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Dollar-for-dollar tax credits
