Is my Company Eligible to Claim the R&D Credit?
Most likely yes! The U.S. Government reward the pursuit of innovation but most companies are unaware of the R&D tax credit and are missing out. If you're developing or improving a product, process or software, you are eligible regardless of the outcome.
On average, companies claiming the credit see tax savings of 13% of their R&D labor and supplies costs. For example, if you hired 8 qualified engineers at $100k salary, you can potentially save $105k - that's one-person's salary per year!
So what's the catch? Claiming the R&D credit is highly scrutinized by the IRS. Therefore, proper documentation and tracking of your R&D activities are required. It's why we built Radish!
Why tech-driven companies love Radish
Increase Your Company's Bottom Line
The R&D tax credits allows your company to increase profitability which can be reinvested to boost your R&D efforts and keep your competitive edge. Our software calculates your R&D tax credits and prepares a complete IRS-approved report.
Easy to Use and Fully Supported
Building a tech product naturally involves complex issues to solve. Just as complex is reading the tax code involving the R&D tax credit. We make the R&D credit claim process simple and provide you with access to your accountants and tax experts.
Complete R&D Study In Days Not Months
The average time to do an R&D study is between 1-3 months of attending meetings, interviews, and back-and-forth emails with third-party tax specialists. Radish automates the entire R&D tax credit process for you - saving you and your engineers valuable time to focus on producing technology.
How it works in 3 easy steps
We'll guide you through the 4-part test to help determine which of your projects qualify.
Track R&D Costs
Categorize employee wages, contractors, and supplies to R&D projects and automatically calculate your qualified research expenditures.
Claim Tax Credits
Maximize your R&D tax credit claim and seamlessly integrate with all your data to generate IRS-approved supporting documentation in the event of an audit.
Most companies rely on R&D specialists to claim the credit which generally cost 5 to 25% of credit claim.
For example, if you're entitled $500,000 of tax credit, a specialist can charge up to $125,000 in fees.
We don't think contingent-fee pricing is fair. It's why we kept our pricing simple, flexible, and transparent.
"Radish allowed our engineers to easily track our qualified R&D activities, saving us ton of dev time and money along the way"
— Jason, CTO at Fintech Company