# R&D Tax Credit

> Agents tag qualifying costs as they post and keep project records current all year. Your accountant calculates the claim and signs off the support file, for the IRS and the CRA.

## Claim up to $500K off payroll taxes, with records to back it

## What is included

- Eligibility review against the four-part test
- Qualified wages, contractor and supply costs tracked monthly
- Project documentation kept current
- Federal credit calculation (Form 6765) and state research credits
- Payroll tax offset of up to $500,000 a year for qualified small businesses
- Section 174 research expense treatment coordinated with your return

## For Canadian companies (CCPCs)

- SR&ED claims (Form T661) filed with your T2
- Enhanced refundable credits for eligible Canadian-controlled private corporations
- Provincial R&D credits where available

## Agents do the work. An accountant signs off.

### Agents

- Tag qualifying costs as they incur
- Link payroll and time data to projects
- Keep project documentation current

### Your accountant

- Provide tax planning advice: best time to claim and what to use it against
- Determine eligibility and method
- Review the calculation to sign off on claim
- Provide support during IRS or CRA audits

## See if you qualify for up to $500k of payroll credit

Book a 15-minute call. We estimate your credit and show you what it costs to claim it with Cabot.