In our 4th Research & Development video installment, we discuss Qualified Research Expenses (QREs), which are defined as the expenses a taxpayer is allowed to take when calculating the R&D Tax Credit. It’s important to note there are only three expenses you are allowed to capture when computing your R&D Credit: Wages, Supplies, and Contract Research Expenses.
Please visit our Research & Development Tax Credit Services page to learn more.
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Other videos in this series:
- Dopkins R&D Tax Credit Video Series Segment 4 – Qualified Research Expenses (QREs)
- Dopkins R&D Tax Credit Video Series Segment 3 – The process
- Dopkins R&D Tax Credit Video Series Segment 2 – What Qualifies as Research & Development
- Dopkins R&D Tax Credit Video Series Segment 1 – Introduction
About the Author
Eric R. Soro CPA
Eric, embraces the challenges of taxes and puts them to work for the client. He focuses on every aspect of a client's needs, from preparing top-level corporate and partnership returns through to the culmination of member and shareholder individual returns. Taking into account the ever changing tax laws, Eric researches the complex topics that affect his client's taxes so that he may efficiently plan his process and yield the optimal results. He joined Dopkins as an intern in 2006 then full-time in 2007 upon graduation.
About the Author
Robert J. Bauer CPA
Bob, a Director in the Dopkins Tax Advisory Group, provides tax compliance, consulting and planning for businesses and individuals. He joined the Firm in 2014 with 20 years tax accounting and consulting experience split between public accounting firms and private industry.