How to Calculate Your Savings with Rebate

UPDATED :

June 26, 2023

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We’ve gone over the basics of the Research & Development Tax Credit, like is it safe to claim the R&D credit and how to understand the IRS’s four-part test.

Now, it’s time for the fun part; the numbers and money part.  As entrepreneurs ourselves, we understand the fluctuations of available cash day-to-day and how important it is to budget. 

And as a business owner, when you know money is heading your way, there’s this sense of relief - you can focus on the important parts of your business and maybe even sleep a little easier.  

That’s why we’ve created a simple-to-use free evaluation tool. You answer a few simple questions and we provide an estimated range of your credit savings after your account is reviewed by a specialist.

Rebate’s free evaluation starts with super straightforward questions like:

  • How many years have you been in business?
  • What type of corporation is your business? (Sole proprietorship, Partnership, Corporation, S Corporation, Limited Liability Corporation - yes, all may qualify!)
  • Are you a software company?  

Then we ask you for a few estimations so our calculator can start crunching those numbers, such as:

  • Approximately how much did you spend on wages for employees participating in R&D activities this year?*
  • Approximately how much did you spend on contractor costs and supplies for R&D activities?*

*Remember, R&D-related expenses mean activities that enhance existing products or processes, develop or design new products or processes, or develop or improve upon existing prototypes and software in your particular industry. And in recent years, so many more industries now qualify for the credit - so here’s your chance!

And that’s it! The evaluation is free, takes 3 minutes, and uncovers your potential for thousands of dollars in savings.  What’s not to love? 

If you don’t know how to answer a question in the calculator, we love a good old-fashioned phone call to walk you through the details. 

That’s the Rebate difference.  We pair technology, like the ease of our calculator, with the deep industry knowledge of our team and accounting partners to get you the highest savings possible.  

Try our free evaluation now and take the steps towards savings.