Most Comprehensive Blockchain R&D Tax Credit Software

Get the R&D tax credit that your company has earned with our innovative R&D tax credit software. We’ve simplified R&D tax credits so you can reinvest more time into the next project.

This is where the R&D tax credit really shines. Blockchain innovations are rife with technical and financial risk, which means the research and development being done qualifies for the credit

With the normalization of cryptocurrency and Blockchain as a service (Baas) rising in popularity, Blockchain development holds more value than ever. Since Bitcoin was founded in 2009, blockchains have exploded and a number of cryptocurrencies have taken off. Today, there are over 4,500 cryptocurrencies in circulation across the globe, and there are incentives for companies to continue improving and expanding their development.


With the emphasized risk and heightened development costs, companies are forced to spend more each year to continue their research. With that, companies are encouraged to seize any available incentives, especially small and mid-sized businesses. In many cases, the R&D tax credit can provide relief and help you continue research and development. QREs (qualified research expenses) encompass the highest expenses in Blockchain development, and companies who are already spending on these factors may qualify for the incentives. Developing a Blockchain or Baas foreshadows technical and financial risk, which the R&D tax credit can help relieve.

$5.3 Billion

Valued

45%

Compound annual growth rate

Qualified Research Activities for SaaS Development Companies
Development of new blockchains
Development of decentralized applications
Development of hardware and software wallet solutions
Development of nodes
Development of new user experiences (e.g. virtual environments, admin and user environments)
Development of blockchain security infrastructure
Development of asset management infrastructure
Development of smart contract infrastructure
Development of APIs
Case Study

Game Development

This study surrounds a financial technology company that specializes in algorithmic cryptocurrency trading by utilizing sophisticated probabilistic models to drive automated trade execution. Launching in 2020 with a minimal three-person team, the owners served a vital role in the platform development, and continue to be an integral part of the company's future. From signal identification to the creation of trading algorithms, they remain imperative to all aspects of their workflow.

R&D Tax Credit Qualification for Software Development

One of the challenges of development when it comes to blockchain and cryptocurrency is that it is still in its relative infancy. Most developers do not have the types of resources available to development teams working on traditional software and platforms. As such, when this company started its work much of it was from a blank slate. This started with the development of their alpha model. Their first model for predicting market movement was based on analysis and identification of signals in the data they were receiving in real-time from the various exchanges that represented larger market trends.

The research process at this company was highly collaborative and was focused on improvement in the performance, functionality, and reliability of these systems. Initial alpha model development began with a manual study of long positions. They simultaneously worked on developing a model for short-term strategies that changed daily. Once their alpha model was developed, the team began the perilous process of testing their model and trading algorithms. Unlike companies with history and strong capitalization, being a small entity forced the team to utilize their capital to test their trading system.

Through continued trade execution, analysis, and evaluation, the team was able to validate the accuracy of their probabilistic model and the reliability of their trading algorithms for order execution.

Another area where this company spent a lot of development effort was data warehousing. Like most companies that specialize in algorithmic trading, the need for historic data storage was paramount. This would allow them to back-test their alpha model utilizing real historic data in a simulation environment without the need to utilize their actual managed funds to test future models and algorithms.

$250K

Federal & State Tax Credit

The Results Speak for Themselves

The total combined federal and state tax credit for this company was approximately $250,000 for their first full year of development. While the company did qualify for the startup small business payroll tax offset, their immensely successful first year allowed them to take their credit against their normal tax liability.
How it works

The R&D credit  made easy. Like, really easy.

Our professionals have filed over 9,800 tax credit studies, so you can rest assured knowing that your R&D tax credit is in good hands. We have applied all of this experience to GOAT.tax to create a comprehensive return filing system that frees you to do what you’re best at.

Automate

Simply connect your payroll system, and we'll do the work of bringing your data into our platform.

Allocate

We will guide you in accurately qualifying your research expenses. We have over 50 tax professionals, ready to provide support.

Generate

Our SmartCreditEngine crunches the numbers to make sure you get the maximum tax benefit. Your tax credit study is just a click away.

Why GOAT.tax?

Our experts created GOAT.tax to educate businesses on the R&D tax credit and help the companies who qualify get the most from their credit.
More than 305 years of collective experience from a national team of over 50 R&D tax professionals.
We have leveraged over 305 collective years of experience across a national team of more than 50 R&D tax credit experts to eliminate estimations and guessing from your tax preparation. We have taken the guesswork out of a complex tax credit incentive to make it more accessible to SaaS companies everywhere.
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Hire US-based engineers, developers, or scientists.
Designs and develops product prototypes and/or software.
Performs experimentation and validation on products, manufacturing processes, and/or software.
None of the above.

This calculator has been developed utilizing data from a variety of studies conducted in the industries listed. This is only an approximation based on a variety of assumptions and should be treated as such.

Please fill out all fields.

Based on your responses, we believe that you are not currently eligible for the R&D tax credit.

Please check back with us if you perform any product or software development-related work in the future.

Features

We thought of
everything.

SmartCreditEngine that optimizes your monetary return
Secure, encrypted environment for housing data and documentation
A user-friendly, self-guided experience
Multiple user types for compartmentalization of sensitive data
Compatible integration with most payroll systems
Full support from our team of tax GOATs
Qualified R&D Expenses identification across all expense categories
Each study is covered by our dedicated audit support
Case studies

Utilize your R&D Credit, Regardless Of Your Industry.

The R&D tax credit contributes to the success of a multitude of businesses, with over $19 Billion in annual credits redeemed by companies in over 70 industries.
70+
Industries served
9,800+
R&D tax credit studies completed
24M
Tax returns with R&D tax credit claims

Game Development

Specialty
Development of FPS games for the Console, PC, and Mobile markets in addition to creating novel VR & AR Experiences.
Employees

25

Annual Credit

$286,423

SaaS Platform

Specialty
Online SaaS platform for analysis of business credit worthiness.
Employees

19

Annual Credit

$43,587

Blockchain Platform

Specialty
Development of a new blockchain infrastructure in preparation for ICO.
Employees

5

Annual Credit

$10,211

Internet of Things

Specialty
Development of an all-in-one sensor product in addition to a machine learning platform for analyzing data.
Employees

21

Annual Credit

$158,215

Electronics Manufacturing

Specialty
Design, development, and rapid prototyping, materials evaluation, and full electromechanical assemblies.
Employees

7

Annual Credit

$37,451

Testimonials

Join the growing list of people who love
GOAT.tax.

“Our R&D tax credit was over $114,000! Well worth the time we invested to answer questions and connect our payroll. We plan to use this extra cash to hire additional software developers so we can go to market faster than planned."
Charles P. (Game Development)
“The process was MUCH easier than I thought it would be. Very user friendly and the automated software allowed us to track the progress every step of the way. The best part was that our credit came in at $89,050!”
Mark K. (FinTech)
“We were able to offset our payroll taxes by $34,980 which is a HUGE win for our small start-up company."
Rebecca W. (eCommerce)
“We were amazed by how easy the automated GOAT platform was to complete our R&D tax credit study. Their years of experience played a big role in making sure we didn’t miss anything.”
Jonnie C. (Software Development)

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