In this episode, hosts Ethan Riggs and Maya Kimble Mistakes in claiming the R&D tax credit can cost businesses dearly. In this episode, Ethan and Maya highlight the most common errors, discuss IRS compliance, and share real-world advice to help companies maximize their credit safely and effectively.

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: Avoiding R&D Tax Credit Pitfalls

The R&D Tax Credit can fuel innovation—but only if you claim it right. Here’s how to avoid common mistakes:

1. Know What Qualifies

Not all innovation counts. Use the IRS 4-Part Test: Purpose, Technology, Experimentation, Uncertainty.

2. Document as You Go

Real-time tracking is key. Save project notes, time logs, test results, and costs.

3. Claim the Right Costs

Include R&D wages, supplies, and eligible contractor fees. Skip marketing, quality control, or funded research.

4. Don’t Recycle Last Year’s Claim

Each year is unique—update your claim accordingly.

5. Work with Pros

The rules are complex and changing. Use specialists to avoid audits and maximize savings.

Bottom Line:

Smart R&D claims = cash back. Sloppy claims = IRS trouble.

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 startups can maximize R&D Tax Credit. You won’t want to miss it.

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