Don’t leave money on the table. Does your SMB qualify for R&D tax credits?

Now is the time to learn about R+D tax credits. Get some expert insight here.  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ you are having trouble reading this email, [read the online version](. [TriNet]( [Weekly Roundup] [R&D Tax Credit Overview] R&D Tax Credit Overview Deadlines for the 2023 tax year are rapidly approaching, so now is a good time to brush up on your tax-credit know-how. We have guidance to share from our TriNet Clarus R+D team. To date, TriNet Clarus R+D has helped more than 1,600 clients identify over $350 million in tax credits. The industry-leading platform streamlines the process and is backed by a team of CPAs and R&D tax experts with decades of experience. This edition of Weekly Roundup offers insight and lots of resources to help you understand how to potentially claim your own R&D tax credits. [Speak with a Clarus Rep →]( [$134,496]  = Average federal R&D tax credit value of a TriNet Clarus R+D client*.  Are you working to develop or improve a product or process? Do you hire engineers, designers or scientists? If so, you may qualify for one of America’s largest federal tax incentives: the R&D tax credit! ‌ The tax credit allows eligible companies to claim up to 7 to 10% of their qualified research expenses. ‌ TriNet clients may be eligible to receive their tax credits faster than through traditional methods, with the option for real-time offset of their tax credits against their payroll tax liabilities on each payroll run, or through an installment program. [Estimate your credit value now →]( Upcoming Tax Deadlines for the 2023 Tax Year: - September 16: Extension deadline for S Corps  ‌ - October 15: Extension deadline for C Corps  WEBINAR: Accessing Working Capital Through Tax Credits [Chris Winslow] Chris Winslow VP, Tax Credit Business Unit, TriNet [Monika Diehl] Monika Diehl Divisional Vice President, Tax, TriNet Many SMBs are not taking full advantage of the tax credits available to them. Experts from TriNet Clarus R+D break down the types of corporate tax incentives available, such as R&D, recent changes in legislation that have expanded the credit offerings and best practices for qualifying and claiming the credits. [Watch Now →]( Hidden Money: Tips for Taking Advantage of the R&D Tax Credit Essentially, the R&D tax credit was created and designed to encourage innovation and allow companies to receive money back for work that they’re already doing. Many businesses are eligible for the R&D tax credit but don’t realize it. Examples of industries that often qualify include software, biotech, manufacturing, and more. Taking full advantage of the R&D tax credit can mean an increase in cash flow and a decrease in effective tax rate. [Read the Article →]( LISTEN: SMB Matters Podcast ‌ Three Myths of the R&D Tax Credit [Listen on Apple Podcasts]( [Listen on Spotify]( “The PATH Act allowed newer, smaller companies to take advantage of a tax credit previously inaccessible to them. Regardless of which industry your business fits within, it’s worth looking into and should be an ongoing part of your annual tax strategy.” Jordan Peck CPA and Senior Tax Credit Analyst TriNet Clarus R+D The TriNet Clarus R+D Platform Built directly from the IRS Audit Technique Guide, our proprietary software calculates your tax credit in real time while creating documentation to support your claim. It integrates with most major payroll providers to facilitate easy updating of required documentation. Plus, each study is reviewed by R&D tax credit experts with Big 4 experience to help ensure defensibility. [Watch a Brief Platform Overview →]( [Schedule Now]( *Individual business results may vary. [TriNet]( Follow Us... [TriNet LinkedIn]( [TriNet Instagram]( [TriNet YouTube]( [TriNet Facebook]( [Our HR Services]( | [HR Trends & Insights]( | [Pricing]( | [Let's Connect]( © 2024 TriNet Group, Inc. All rights reserved. This communication is for informational purposes only, is not legal, tax or accounting advice, and is not an offer to sell, buy or procure insurance. TriNet is the single-employer sponsor of all its benefit plans, which does not include voluntary benefits that are not ERISA-covered group health insurance plans and enrollment is voluntary. Official plan documents always control and TriNet reserves the right to amend the benefit plans or change the offerings and deadlines. 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