Research & Development Tax Credits Explained
Is your business leaving money on the table?
Your daily innovations—from tweaking manufacturing processes to developing new product formulations—could be worth thousands in Research & Development Tax Credits. However, many companies miss out, thinking that R&D is just for labs and tech giants.
At Hito, we help you identify qualifying activities, navigate complex tax laws, and turn innovation into immediate tax savings.
Don't Wait to Innovate & Save
Let's explore how your R&D efforts can translate into tax savings. Fill out the form to get your free consultation.
Did You Know?
$3M Generated
Companies have generated over $3M in R&D credits over five years with our help.
Startups Can Benefit
Even startups with no tax liability can benefit by offsetting payroll taxes.
R&D Credits Are Available at the State Level
Over 30 states offer additional R&D credits on top of federal benefits.
Many Industries Qualify
Software, engineering, and manufacturing are commonly claimed, but many industries qualify.
Are You Eligible?
The 4-Part Test
1. Permitted Purpose
You're developing new or improved products, processes, or software— anything from creating a new manufacturing technique to developing a more efficient algorithm.
2. Elimination of Uncertainty
You're attempting to overcome technical challenges. You could be unsure about the best design for a product or the methodology for a new process.
3. Process of Experimentation
You're systematically evaluating alternatives, like testing different materials and software solutions or running simulations to optimize a process.
4. Technological in Nature
Your work relies on principles of hard sciences. You don’t need to invent new scientific principles, but you should apply scientific methods to your development process.
Why Partner with Hito?
Maximize Your Benefits:
We identify qualifying activities you might overlook, like we did for a startup that grew its credit to $562,817 in five years.
Learn as You Earn:
We simplify R&D tax law, empowering informed decisions.
Stay Ahead of Changes:
We ensure you stay in compliant with current regulations.
Complement Your Existing Team:
We specialize in R&D credits, adding depth to your CPA’s tax strategy.
For CPAs and Financial Advisors:
We offer R&D expertise without the overhead.
Custom Strategies:
Tailored approaches for your specific needs and growth stage.
Our Approach
Walk you through R&D tax law in plain language
Collaborate to uncover qualifying activities you may have overlooked
Guide you in maximizing your credit potential
Help you integrate tax planning into your innovation strategy
"Hito LLC has consistently demonstrated expertise and dedication, resulting in significant tax credits and savings for our company. Their proactive and personalized approach, along with clear communication, has positively impacted our operations, making Hito a valuable asset to any organization seeking top-tier tax advisory services."