R&D Tax Credit
Claim up to $500K off payroll taxes, with records to back it
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.
What is included
R&D Tax Credit at Cabot
For qualified small businesses
Payroll tax offset of up to $500,000 a year for qualified small businesses
$500,000
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
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
Who does what
Agents do the work. An accountant signs off.
The same split as every Cabot service, applied here.
Agents
Working continuously during the year to track costs
- Tag qualifying costs as they incur
- Link payroll and time data to projects
- Keep project documentation current
Your accountant
Always in the loop to review and ensure quality
- 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.