The modern standard for claiming tax incentives
Navigate complex tax incentives with confidence using our
streamlined digital platform.
streamlined digital platform.
How our industry leading AI-powered software saves you
time and money
Getting Started
Gather and upload your files to our software
We integrate with popular enterprise software's such as Gusto, ADP, Workday, Paylocity, and much more.
Artificial Intelligence
Our AI-powered software processes your documents
Our industry-leading software takes your documents and company profile and software processes your documents in minutes compared to what traditionally takes weeks or months to do.
Report Generation
Receive an audit-ready report
Your R&D claim package is now ready to go, complete with all supporting evidence and calculations
Experience our industry-leading Solutions and Support
AI-powered Analysis
Our intelligent system automatically analyzes your business activities to identify qualifying R&D projects, maximizing your potential tax credits.
Real-Time Compliance
Advanced algorithms continuously track your R&D documentation and expenses, ensuring audit-ready records and compliance with the latest IRS guidelines.
Expert Tax Advisor Support
Combine the power of AI with human expertise - our tax specialists are available to review AI insights and provide strategic guidance for your R&D claims."
Frequently Asked Questions
What is the R&D Tax Credit?
The R&D Tax Credit is a federal and state tax incentive designed to encourage businesses to invest in research and development activities. It allows businesses to claim a tax credit for a portion of the expenses incurred during the development of new or improved products, processes, or technologies. This includes activities like experimenting with new manufacturing techniques, developing software, or conducting scientific research. The credit can significantly reduce your tax liability, providing businesses with the opportunity to reinvest those savings into further innovation.
How do I know if I qualify?
To qualify for the R&D Tax Credit, your business must engage in activities that meet the IRS’s criteria for "qualified research activities" (QRAs). Generally, these activities must involve:
1. Innovation: The development or improvement of a product, process, or software that is new or significantly improved.
2. Uncertainty: The work involves experimentation or testing to resolve technical challenges or uncertainties.
3. Process of Experimentation: A systematic process of trial and error to achieve technical advancements, typically through prototyping or testing.
4. Qualified Expenses: The credit applies to direct costs related to the R&D process, including wages for employees conducting the research, supplies used, and certain contract research costs.If your business is engaged in developing new products, processes, or technologies, there's a good chance you may qualify.
If you have questions about whether your company qualifies, reach out to one of our tax specialists who can help determine if you're eligible for the R&D Tax Credit and guide you through the process.
1. Innovation: The development or improvement of a product, process, or software that is new or significantly improved.
2. Uncertainty: The work involves experimentation or testing to resolve technical challenges or uncertainties.
3. Process of Experimentation: A systematic process of trial and error to achieve technical advancements, typically through prototyping or testing.
4. Qualified Expenses: The credit applies to direct costs related to the R&D process, including wages for employees conducting the research, supplies used, and certain contract research costs.If your business is engaged in developing new products, processes, or technologies, there's a good chance you may qualify.
If you have questions about whether your company qualifies, reach out to one of our tax specialists who can help determine if you're eligible for the R&D Tax Credit and guide you through the process.
Does SPRX Provide Full R&D Credit services?
We’re a one stop shop R&D provider that will compute your credit, prepare a report, and assist in IRS audit exams. What sets us apart from all other providers, we utilize advanced technology to automate 80% of the R&D credit tasks. We use our technology to save you time.
Will my data be secure?
Our software is developed and hosted on US soil at all times. Additionally SPRX is SOC II compliant. You choose what data to upload into your company specific, secure dataspace. We do not save data than longer is necessary to compute your credit.
Will my team have to learn new software?
No. We recognize that tax teams don't always have time to stop and learn new software. For this purpose SPRX has built an operations team which will manage your data and operate the software, thus eliminating any training needs on your end.
As a tech company, does SPRX have R&D Credit experts?
Yes! Our tax team has over 40 years of experience with the R&D tax credit rules. Including experts with years of experience leading the R&D credit team at Grant Thornton LLP. Having been founded on industry expertise, we continue to stay current on R&D Credit industry matters.
Will SPRX require me to collect different data?
SPRX uses the same data that you have been using in the prior years. At a minimum we will need employee wage data and a project list. However we can also accommodate project time tracking, research documentation, or anything else you might have.
Am I too big or too small to use SPRX?
Whether you are a new start up, or Fortune 500 SPRX technology can help you. Our client list includes all sizes of companies in multiple industries. We have found that all companies enjoy reducing interviews, eliminating bottlenecks, and saving money.