By Riz Malik on May 10, 2023

How an Automated R&D Tax Credit
Software Can Benefit Small Business

As a small business owner, you know how important it is to stay on top of your finances and take advantage of every opportunity to maximize your tax savings. One often overlooked tax credit is the R&D tax credit, which can provide significant benefits to businesses that engage in research and development activities.

How an Automated R&D Tax Credit Software Can Benefit Small Business

As a small business owner, you know how important it is to stay on top of your finances and take advantage of every opportunity to maximize your tax savings. One often overlooked tax credit is the R&D tax credit, which can provide significant benefits to businesses that engage in research and development activities.
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However, claiming the R&D tax credit can be a complex and time-consuming process that many small business owners may not have the time or expertise to navigate on their own.
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With over 10,000 R&D tax credit studies completed, 350+ years of collective R&D tax credit experience, and a team of dedicated R&D tax credit specialists on standby, GOAT.tax is the perfect solution for small businesses looking to maximize their potential.

GOAT.tax is the perfect solution for small businesses looking to maximize their potential

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Which Industries Qualify?

The R&D tax credit can be applied to a wide variety of industries, including (but not limited to):

Aerospace

Tool & Die

Metal Fabrication

Plastics & Injection Molding

Consumer Products

Manufacturing

Architecture & Engineering

Food & Beverage

Financial Services

Mortgage & Banking

Software Development

Chemical

Contract Manufacturing

Construction / MEP

Pharma

Oil & Gas

Here are just a few of the ways an automated platform like GOAT.tax can help small businesses claim the R&D tax credit:

Streamlines the Process: With an automated platform, you don't have to worry about manually tracking and documenting your R&D activities. The software will guide you through the process and keep everything organized, making it easier to claim the credit.
2. Reduces Errors: The R&D tax credit has many specific requirements, and it can be easy to make mistakes when calculating your credit. An automated platform can reduce the risk of errors and ensure that you claim the maximum credit you are entitled to.
3. Saves Time: Small business owners are busy - you likely wear many hats and have limited time to devote to tax-related tasks. An automated platform can save you time and effort by simplifying the process of claiming the R&D tax credit.
4. Maximizes Your Credit: An automated platform can help you identify all the expenses that qualify for the R&D tax credit, ensuring that you claim the maximum credit possible. This can be especially beneficial for small businesses that may not have the resources to fully investigate and document their R&D activities.


Small businesses striving for growth and innovation should not overlook the potential benefits of R&D tax credits. GOAT.tax offers an efficient and reliable solution for small businesses to claim these valuable incentives. By combining advanced automation with a team of experienced R&D tax credit specialists, GOAT.tax ensures that small businesses can unlock the full potential of R&D tax credits and drive their businesses forward.
Get your free R&D Tax Credit Estimate with GOAT TAX

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Claiming the R&D tax credit can potentially help your business offset increased cash flow. However, simply completing IRS Form 6765, Credit For Increasing Research Activities, doesn’t guarantee the IRS will approve your claim. 

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It’s no secret the Research & Development (R&D) tax credit offers potentially significant cost savings for your business, as well as increased cash flow, a reduced federal tax rate, and dollar-for-dollar income tax reduction. However, if you plan on claiming the R&D tax credit, your Qualified Research Activities (QRAs) and Qualified Research Expenses (QREs) will have to pass the Four-Part Test.

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