Ignite Innovation, Secure Tax Savings with MTRS & Paychex
Maximize Your R&D Potential with Expert Guidance
MTRS and Paychex join forces to help businesses across industries unlock hidden value through the Research and Development (R&D) tax credit. Our combined expertise in tax credits, payroll, and financial management ensures you maximize your returns and fuel innovation.
Who Qualifies for the R&D Tax Credit?
Manufacturing Companies
And so many more... ANY Industry may qualify!
Manufacturing Companies
Developing new production methods, materials, or prototypes.
SaaS Start-Ups
And so many more... ANY Industry may qualify!
Manufacturing Companies
Creating new software applications, improving existing code, or integrating systems.
Engineering Firms
And so many more... ANY Industry may qualify!
And so many more... ANY Industry may qualify!
Designing new structures, improving energy efficiency, or creating innovative solutions.
And so many more... ANY Industry may qualify!
And so many more... ANY Industry may qualify!
And so many more... ANY Industry may qualify!
Any for-profit company actively engaged in developing or improving products, processes, software, techniques, formulas, or inventions.
R&D IRL Case Study: An R&D Success Story
Client A: Wall Panel Manufacturer
Challenge: A manufacturer of exterior wall paneling was investing heavily in developing new materials and designs but unaware of their R&D tax credit potential.
Solution: MTRS conducted a thorough assessment of their R&D activities and identified eligible expenses.
Results: Client A secured a substantial $753,000 R&D tax credit, providing significant cash flow for further innovation.
Key Takeaways:
- Industry: Manufacturing
- Annual Revenue: $150,000,000
- Employee Size: 550
- R&D Focus: Developing and testing new materials and designs for exterior wall paneling
- Outcome: Substantial tax credit that fueled further innovation and growth
Stacking Your Savings
State R&D Tax Credits
- Many states offer additional R&D tax credits on top of the federal credit.
- These credits can significantly increase your overall tax savings.
- MTRS and Paychex can help you identify and claim applicable state credits.