R&D Tax Credit Strategy to Optimize ROI
Stop leaving money on the table. Chrono Platform identifies eligible R&D expenses and generates audit-ready evidence from your existing integrations. Get accurate, defensible claims without the manual work.
Capture Every Eligible Cost
Chrono Platform automatically tracks R&D-related expenses across payroll, materials, and software. Never miss a claimable cost with real-time categorization and smart tagging.
Automated Credit Calculation
Chrono Platform automatically identifies qualifying R&D expenses, applies the latest tax regulations, and calculates credits instantly. No spreadsheets, no guesswork, and maximum tax savings.
Compliance & Audit Protection
Make sure your R&D claims meet IRS requirements and slash audit risks. Get defensible documentation and real-time compliance checks to safeguard your claims.
Native integrations with your favorite tools.
10+ integrations
Integrate with the most popular tools to eliminate manual tasks. We are constantly adding integrations!
Data sync
As you connect integrations, Chrono Platform ingests data, syncing across your tools and providing value out of identified signals.
Data categorization
Not only Chrono Platform analyzes data from connected tools, but it also categorizes it into a normalized data structure.
Frequently Asked Questions
What is the federal R&D tax credit?
The federal R&D tax credit is a tax incentive designed to encourage businesses to invest in qualified activities that drive innovation. This dollar-for-dollar tax credit helps reduce your federal income tax liability based on qualified expenses related to research, development, and the improvement of products or processes.
How do businesses claim the R&D tax credit?
The tax credit process involves identifying eligible credits, applying the four-part test (permitted purpose, technological uncertainty, process of experimentation, and reliance on hard sciences), and ensuring adequate documentation for your business activities. Companies must track qualified costs, from cloud computing expenses to domestic expenses, and report them on their tax return. Working with tax professionals helps maximize tax credit opportunities and ensure compliance with the tax code, but you can also rely on solid tools like Chrono Platform.
What are the documentation requirements for an R&D tax credit claim?
Business records are essential to support an R&D credit claim. Proper documentation should include details on qualified activities, calculation methods, and the financial risk involved. Companies must demonstrate a measurable improvement in speed, efficiency, or functionality of their innovations while maintaining proof of substantial costs incurred during development.
What expenses qualify for the R&D tax credit?
Qualifying expenses include a broad range of development and patentable activities. These range from wages for employees performing tax credit activities to materials used in research, administrative costs, and contract research costs. Companies that face an economic risk during the development process and meet the 4-part test criteria can leverage these potential savings.
How does Chrono Platform simplify the tax credit process?
Chrono Platform automates credit claim calculations, identifies unused credits, and ensures compliance with documentation requirements. Build with a deep understanding of the tax code, Chrono provides audit-ready reports, integrates with your payroll provider, and optimizes return on investment by maximizing tax savings and the credit benefit.