Donna Genie breaks down R&D tax credit changes: domestic R&D expensing is back starting 2025, small businesses under $31 million in receipts can immediately expense R&D costs, and you can amend returns for 2022-2024 to claim refunds before the July 3, 2026 deadline.
Did you know if you're investing in building systems and products and courses and procedures that you may be qualified for the R and D credit? Yeah, you got a research and development. It's not just for big Pharma and other companies that are creating engineering marvels, processes and courses and things like that, apps. Those all qualify for the R and D credit as well. So let's do a quick reality check. If you're running a creative agency, digital platform or building in house tools, this changes everything you need to know about how to handle R and D expenses. Let me break down the three biggest game changers you need to know about right now. First, domestic R& D expensing is back. It went away for a little while. No more five year amortization starting in 2025. This means you can immediately expense your research and development costs instead of spreading them for small businesses under $31 million in receipts. Here's your golden ticket. You can actually amend returns from 2022 to 2024 and get cash refunds. But pay attention. The deadline is July 3, 2026. If you miss this window, you are leaving that money on the table. Don't worry about it. We got you covered and we can help you get that money back. If you've got a larger business, you've got a strategic accele. You can restructure the remaining expenses into 25 and 26 and maximize your financial positioning. Pro Tactical Move here. If you've already capitalized those R and D expenses, do a quick qualification check. There's potential refund money waiting for you now. This isn't just accounting mumbo jumbo. This is about freeing up capital to reinvest directly into innovation. Whether you're developing cutting edge campaigns, digital platforms, creating proprietary internal tools, this acts like you've got some breathing room and some financial flexibility here. The bottom line Take action now. Review your R and D expenses with your accountant or if you need somebody, I'm happy to help check your amendment eligibility and position your business to capitalize on these changes. If you want the full tactical breakdown, please remember to subscribe to our channel and get our weekly newsletter. We're dropping compreh of guide that'll help you with every strategic insight that you need. If you don't know if you qualify for the R D credit and you want some help there, please reach out to me. Donna Bordeaux at Calculated Moves.
