In this kick-off episode, hosts Ethan Riggs and Maya Kimble break down the basics of the R&D Tax Credit in a fun, approachable conversation.

Listeners will learn what the credit is, who can benefit from it, and how claiming it can fuel business growth. The hosts debunk common myths—like needing a PhD or running a giant tech company—and share how everyday businesses can leverage this valuable government incentive.

Whether you’re a startup, manufacturer, software company, or service provider, if you’re innovating, you may be eligible. The episode also explores the real-world impact of claiming the credit—from hiring and reinvesting to keeping the lights on through tough quarters.

No jargon. No gatekeeping. Just actionable insights to help more businesses unlock this powerful credit.

✅ Key Takeaways

1. The R&D Tax Credit = Government Incentive for Innovation
   It rewards businesses for developing new products, improving processes, solving technical problems, and driving innovation.

2. Who Qualifies?

   • Not just big tech firms or scientists.

   • Startups, manufacturers, software companies, even food producers—if you're innovating, you may qualify.

3. Common Misconceptions:

   • You don’t need to be doing "rocket science."

   • You don’t need a big R&D budget.

   • Many small businesses are eligible and stand to gain a lot.

4. Real-World Impact:

   • The credit can act as a growth engine.

   • Savings can be reinvested in hiring, training, equipment, or technology.

   • The flexibility of the credit makes it powerful for businesses at all stages.

5. First Steps:

   • Understand that eligibility is broader than you think.

   • Begin tracking activities and expenses related to innovation.

   • Work with knowledgeable advisors to maximize your credit.

And that wraps up today’s episode of Everything About R&D Tax Credit! We hope you’re walking away with new insights and maybe even a few ideas to fuel your next big move. But we’re just getting started.

Stay tuned — on our next episode, we’ll dive deeper into how to actually claim the credit and avoid common pitfalls along the way. You won’t want to miss it.

Until then — keep innovating, keep growing. See you next time!