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 the confluence of 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 SMEs, our teams speak your language
Ethics
Ensuring your benefit complies with the complexities of ever changing IRS requirements
Let's Connect
Discover how we can help your business save money
What Clients Say About Us
We chose the 1st Ave team for their deep tax expertise in tech. They spotted missed credits and guided us with confidence through a complicated R&D claim.
— Software as a Service 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
...they made navigating complex tax issues incredibly smooth. Their team was responsive, clear, and genuinely cared about our business. We felt supported every step of the way.
— Custom Part Manufacturer
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 recordkeeping.
My company just started.
You may qualify for additional benefits like credits to your payroll taxes.
Do I have to amortize the credit?
No. There can be a complex interplay between the Research Credit and Research Deductions, but they are two different things. The Credit is a immediate reduction in tax liability, while certain research activities that are deductions must be currently amortized.