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  • R&D Tax Credit Calculator
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    powered by Clarus R+D

    We help hardworking innovators claim the R&D tax credit. With the use of Clarus R+D software, ENJEN simplifies the process and maximizes your benefit.

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    Schedule a free consultation with our team of tax experts to learn more about the R&D credit and technology-driven studies.

    Estimate your credit (ENJEN)

    • Let's find out how your business qualifies for the credit.

    • What did you spend on new development of your innovative product or service last year?

    FAQ

    The U.S. government created the R&D tax credit in 1981 to incentivize American based companies to create innovative technology, instead of losing intellectual property to other nations.

    Many companies were not eligible to receive a current benefit until the PATH act was passed in 2015. And once passed, not a lot of companies heard about it. Even companies that did know about it failed to pursue it, due to complexity and time constraints. We offer a solution that makes it easier and less time consuming.

    No! The R&D tax credit was created by the U.S. government to give funds back to companies who spend money on technology-based innovation.

    Simply put, the R&D tax credit creates money that goes back in your company’s pocket to fuel further innovation and growth. Estimate your R&D credit with our quick calculator.

    Typically 7-10% of qualified expenditures, the credit can be used to offset:

    • Income taxes if you are in a taxable position.
    • Alternative Minimum Tax (AMT) if you have less than $50 million in average revenue for the 3 preceding years from the tax year, and you owe AMT in the current year.
    • Employer portion of social security taxes up to $250,000 each fiscal year, allowing qualified small businesses to receive the benefit regardless of profitability.

    With Clarus, it takes a fraction of the time to pursue the R&D tax credit compared to traditional R&D studies. Learn more about our technology-driven process.

    You receive money every year that you are eligible.

    No. The purpose of GAAP is to make sure financial reporting is consistent and transparent. The R&D tax credit rewards companies for innovation.

    If your company has wage or other expenses related to the development of new or improved products, you may have qualifying R&D activities.