R&D Credit Case Study

Strike delivers $575k to an Artificial Intelligence firm

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Overview

A technology company discovered $575K in R&D tax credits. They develop novel hardware & software products for the food inspection industry, and their continuous efforts toward innovations qualify for significant tax credits to reinvest in their business.
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Total R&D Credits Received:
$575,000
Inquire yearly details
Federal Credits Received:
$362,000
State Credits Received:
N/A
$213,000

Company Profile

Years in Business
7
State of Operation
CA
Avg. Annual Revenue
$1200000
N/A
Tax Year
2016-2020
Avg. Employee Count
15
Industry
Software

Qualifying Activities

Developing Proprietary Tech
Integration With Artificial Intelligence
Quality Assurance
Programming Source Code

Qualification Outcome

95%
N/A
of wages paid or incurred was qualified
45%
N/A
of expenses paid or incurred was qualified
12
average number of qualified employee

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