The Research Tax Credit
Save Taxes for Your Innovative Work
The Research and Development Tax Credit is a benefit that US companies can qualify for when developing new, or improving existing, products, processes, software, formulas, inventions, or techniques in their business.
What is the benefit to my company?
A company can receive a dollar for dollar reduction in tax liability in the amount of the Research Tax Credit. These credits are either used to lower tax liability immediately, or if the credits exceed the amount the company can use, it can carry forward the benefits to past and future years.
Lower Tax Bill
Reduces your tax bill directly, not just your taxable income
Reinvest in Business
Have more money to reinvest in talent, tools, and technology
Save for Future
Turn innovation costs into 20 years of strategic savings
The 1st Avenue Advisors Approach
Our approach centers on our team's experience and expertise and the deployment of best-in-class technology and tools to provide accurate tax benefits with minimal disruption to our clients' time
Experience
Only seasoned professionals on your company’s study
Expertise
Comprised of Attorneys, CPAs, and subject matter experts, our teams speak your language
Ethics
Ensuring you benefit is accurate and defensible
Let's Connect
Discover how we can help your business save money
What Clients Say About Us
The 1st Ave team has been a trusted partner in helping us navigate and claim the R&D tax credit. They bring next level expertise when it comes to learning how our business innovates and identify qualifying activities and expenses.
— Software Company
The team delivered results—over $300K in tax savings in the first year. Their proactive strategies made a measurable impact on our bottom line.
— Engineering, Procurement, and Construction Firm
It feels like we’re working with people who are genuinely in our corner. Their team is experienced, dependable, and approachable. It’s clear they’re invested in helping businesses like ours continue to invest in new ideas and grow.
— Software Company
Craig and his team have been a tremendous partner for us. They have advised us on an ever-evolving regulatory landscape and are willing to dig in alongside our team to make sure we are building effective strategies. Their team’s knowledge base and work ethic is second to none. We see them as an extension of our team vs a “group of external consultants.
— Design Build and Technology Manufacturing Firm
FAQ
What companies qualify?
There is no restriction on what kind of companies qualify. The question is rather what types of activities does the company perform? The tests to determine qualification have no industry limitations.
What if my company doesn’t have a research department?
Most companies do not organize their activities into a specific research department, and this is not required to qualify for the credit.
My company doesn’t track its research expenses.
You are not required to segment your research expenses into a specific account or line item in your books. Our team is experienced at identifying and properly documenting research activities and expenses without any changes to a company’s established record keeping.
My company just started.
You may qualify for additional benefits like credits to your payroll taxes.
Do I have to amortize the credit?
No. In fact the "Big Beautiful Bill" signed on July 5, 2025, accelerated research expensing, paving the way to even greater benefits for those who qualify.