R&D credit - Titan Armor - R&D documentation software

R&D credit - Titan Armor - R&D documentation software Titan Armor, a division of Titan Engineering, is a tax software provider specializing in the R&D Tax Credit. Here's how the entire process began.

Headquartered in Denver, Colorado – Titan Armor’s software has defended over $30,000,000 in R&D Tax Credits and counting. Titan Armor is a division of Titan Engineering and was formed through an ongoing need surfacing in the market place. Timeline:

- In 1981, the R&D tax credit was put in place, but for 20 years it was only available to companies that were doing things that were considered patent

able.

- This changed in 2001, when Congress changed the definition of R&D to open up the credit to mid-market companies. However, claiming the research credit required engineering, accounting and legal analysis – which most accounting firms did not have. S0 – they started hiring R&D consulting firms at a very costly expense.

- Fast-forward to 2008 and the Treasury Department published guidance saying they disapproved of “year-end estimating” as a way of claiming the R&D credit. That was the very way these R&D consulting firms were claiming the credit at that time. During this turmoil within the accounting world – Titan Engineering was hired to build a custom software solution to help a client who was being audited during this time of transition. After sitting down with the IRS auditors and walking step-by-step through what they were looking for when deciding to allow or disallow research credits – Titan Engineering was able to piece together the first software solution capable of delivering exactly what the IRS wants to see and how they want to see it.

Has your engineering firm considered taking advantage of the Research & Development Tax Credit (R&D Tax Credit)? Contrar...
06/05/2020

Has your engineering firm considered taking advantage of the Research & Development Tax Credit (R&D Tax Credit)? Contrary to the belief, engineering firms practice “innovation-like” work on the regular, which is considered R&D-worthy in the eyes of the IRS.



Has your engineering firm considered taking advantage of the Research & Development Tax Credit (R&D Tax Credit)? Contrary to the belief, engineering firms practice “innovation-like” work on the regular, which is considered R&D-worthy in the eyes of the IRS. There is a common misconception that t...

Happy Halloween! Stay safe and warm!
10/31/2019

Happy Halloween! Stay safe and warm!

Implementing new feature requirements based on customer feedback. Publishing newer versions of existing applications wit...
10/30/2019

Implementing new feature requirements based on customer feedback. Publishing newer versions of existing applications with new features. Do any of these sound familiar to you? Check out our PDF: Why Software Developers Need the R&D Credit: https://bit.ly/2Nmc8tN

The R&D Tax Credit could not be taken against AMT prior to 2016. You can use the Research and Development credit to redu...
10/16/2019

The R&D Tax Credit could not be taken against AMT prior to 2016. You can use the Research and Development credit to reduce your tax bill below AMT. So, who qualifies for this AMT offset? A business that would be eligible for this would be a partnership, sole proprietorship, or a non-publicly traded company. One more requirement is that a business’s annual gross receipts from the previous 3-year period cannot exceed $50,000,000.https://buff.ly/2VGk8tA

We just launched a resources page with everything you need to know about the credit. Check it out: https://bit.ly/2kY668...
09/20/2019

We just launched a resources page with everything you need to know about the credit. Check it out: https://bit.ly/2kY668H

Titan Armor's software was built in front of the IRS. Rest assured, claiming the credit will not increase your risk of an audit. 

Does your organization partake in software development? Those "projects" can qualify for the R&D Tax Credit. Check out t...
09/16/2019

Does your organization partake in software development? Those "projects" can qualify for the R&D Tax Credit. Check out the below examples of "Qualified Research Activities." Learn more: https://www.titanarmor.com/researchcredit/

Have a safe & relaxing Labor Day!
09/02/2019

Have a safe & relaxing Labor Day!

Senator Thom Tillis recently introduced bipartisan legislation to expand the refundable Research and Development (R&D) t...
08/26/2019

Senator Thom Tillis recently introduced bipartisan legislation to expand the refundable Research and Development (R&D) tax credit by raising outdated caps and incentivizing startups to increase R&D investment.

U.S. Sen. Thom Tillis (R-NC) recently introduced bipartisan legislation to expand the refundable Research and Development (R&D) tax credit by raising outdated caps and incentivizing startups to increase R&D investment. “Research and development plays a crucial role in allowing small Read more...

Address

Centennial, CO
80111

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+17202218005

Website

Alerts

Be the first to know and let us send you an email when R&D credit - Titan Armor - R&D documentation software posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Share

Category