R&D Credit Case Study

Strike delivers $668k to a CyberSecurity firm

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Overview

A SaaS-based cybersecurity service gained $688K in R&D tax credits. The time and expenses spent identifying and mitigating cybersecurity challenges with the patent-pending Transparent File Encryption solution qualify for significant tax benefits.
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Total R&D Credits Received:
$668,000
Inquire yearly details
Federal Credits Received:
$400,000
State Credits Received:
N/A
$268,000

Company Profile

Years in Business
7
State of Operation
CA
Avg. Annual Revenue
$6500000
N/A
Tax Year
2015-2019
Avg. Employee Count
12
Industry
Software

Qualifying Activities

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

Qualification Outcome

50%
N/A
of wages paid or incurred was qualified
70%
N/A
of expenses paid or incurred was qualified
8
average number of qualified employee

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