FORT WORTH, TX – GOAT.tax is thrilled to announce the addition of Andrea Stone to our R&D Tax Credit team, assuming the pivotal role of Tax Guru. Andrea's joining injects a fresh wave of proficiency and zeal into our team. Her primary objective involves leveraging her robust technical acumen to establish a seamless connection between GOAT.tax's clients and our sales and specialized units.
In her newfound capacity, Andrea will work closely with our existing clientele, aiming to amplify the comprehension of their ongoing business undertakings and the dynamic trends prevailing within their respective sectors, as well as the broader economic panorama. This collaborative endeavor strives to optimize the advantages they can accrue from their R&D Tax Credits.
Andrea comes onboard with a wealth of experience, boasting an extensive 15-year tenure within the R&D industry and assuming diverse roles, including her most recent role as a Technical Director. Her expertise traverses various domains, encompassing manufacturing, oil and gas, biotechnology, medical devices, and software development.
About GOAT.tax
GOAT.tax is a specialized platform dedicated to enhancing business understanding of R&D tax credits and aiding eligible companies in securing these benefits. With a seasoned national team of 50+ R&D tax credit experts, boasting a cumulative experience of 350+ years, GOAT.tax streamlines tax preparation by eradicating guesswork and approximations. This simplification particularly benefits SaaS companies, making a complex tax credit incentive more accessible. GOAT.tax operates in partnership with Source Advisors, leveraging their expertise. The R&D tax credit, a catalyst for business success, has seen companies across 70+ industries redeem over $19 billion annually. Having completed 9,800+ R&D tax credit studies, GOAT.tax stands as a reliable partner supported by 50+ R&D tax professionals. For more information, kindly explore www.goat.tax.
R&D Tax Credit vs. R&D Tax Deduction: What's the Difference?
Businesses that invest in research and development may encounter two tax concepts that sound similar but work very differently: the R&D tax credit and the R&D tax deduction. Both relate to research and development spending, but they are not interchangeable. They operate under different sections of the tax code, affect a business's taxes differently, and have different qualification rules.
R&D Tax Credit for Manufacturing Companies: What CPAs Need to Know
Manufacturing clients are among the strongest candidates for the federal R&D tax credit, yet many never claim it. The work that qualifies often looks like everyday operations: engineers refining a product, a production team automating a line, or a quality group testing new materials to cut scrap. For CPAs, that creates an opportunity to deliver real value by recognizing qualifying activity early. This guide covers which manufacturing activities and expenses may qualify, how the Four-Part Test applies, what documentation matters, and the questions that can help uncover R&D opportunities with your clients.
Does My Business Qualify for the R&D Tax Credit? The 4-Part Test Explained
"Does my business qualify for the R&D tax credit?" — this guide breaks down the IRS 4-part test, what counts as a business component, and which expenses qualify.