💡 Top Takeaway “This is a credit, not a deduction.” Think R&D tax credits are just for scientists in lab coats? Think again. In this episode, Tax Point Advisors' Rob Bryant and Jeff Feingold explain how even small service businesses and nonprofits may qualify — and why leaving money on the table is riskier than you think. You'll learn: ✅ Why Section 41 and Section 174 matter now ✅ The surprising industries already getting tax credits ✅ The “four-part test” that opens the door to eligibility ✅ How to start the process with no upfront cost 👤 Guest Bio Rob Bryant, Managing Director at Tax Point Advisors, has helped thousands of businesses across the U.S. uncover untapped R&D tax credit potential. Jeff Feingold, President at Tax Point Advisors, brings deep expertise in tax law and legislation that shapes credit strategies, with decades of experience advocating for SMBs, nonprofits, and CPAs. 📊 Vitals (Statistics & Metrics) • 80%+ of eligible companies don’t claim R&D credits • Credits can yield up to 13.5 cents per qualified dollar spent • Many SMBs can receive $50,000 to $100,000+ in savings annually • Section 174 changes in 2022 mean expenses must now be amortized, creating new urgency 🧾 Medical History (Summary) Many SMBs mistakenly assume R&D credits don’t apply to them. In this episode, Rob and Jeff break that myth wide open and show how your everyday innovation might be worth tens of thousands in tax savings. 🩺 Exam (Detailed Topics & Timestamps) Chapters & Highlights: • 00:00 – Intro to R&D Tax Credits • 03:45 – R&D Isn’t Just for Tech: Who Really Qualifies • 08:30 – Understanding the Four-Part Test • 14:15 – How to Avoid Disqualification Mistakes • 19:50 – Breaking Down Section 174 Changes (2022) • 25:30 – Why Nonprofits and Local Govs Should Pay Attention • 31:10 – Real Case Examples: What $100K Looks Like • 38:40 – This is a Credit, Not a Deduction • 43:00 – Free Assessments: What to Expect • 48:15 – Don’t Censor Yourself Out of a Credit • 54:00 – Stacking Strategies for Even Greater Savings • 58:40 – What’s Next: Your First Step Toward Credits 🧪 Treatment Plan (Links Mentioned) • Tax Point Advisors – Free Eligibility Assessment • Section 174 IRS Overview • Fulcrum Group: Cybersecurity & Compliance Support • Related Episodes: Ep. 106: The Cyber Compliance Checklist Every SMB Must Master 🤝 Call to Action (Guest CTA) Rob Bryant and Jeff Feingold invite listeners to schedule a free, no-risk consultation to assess R&D credit eligibility. 📧 [email protected] | 🌐 www.taxpointadvisors.com 🎧 Podcast CTA Subscribe on your favorite platform to never miss an episode: Apple Podcasts | Spotify | iHeartRadio | PocketCasts | Amazon Music 💬 Like, comment, or share if this episode helped you. 📅 Book a consultation or explore more episodes: Talk To Th3 Doc Podcast 📩 Contact Fulcrum: [email protected] 📚 Glossary • R&D Tax Credit: A federal (and sometimes state) tax incentive that rewards businesses for innovation and process improvements. • Section 41: U.S. tax code provision governing the R&D tax credit. • Section 174: U.S. tax code provision requiring amortization of R&D expenses starting 2022. • Four-Part Test: IRS standard for determining if an activity qualifies for the credit. 🔎 Suggested Keywords & Hashtags #RDtaxcredit #SmallBusinessSavings #TaxCreditsExplained #IRScompliance #Section174 #Section41 #TaxPointAdvisors #FulcrumGroup #TalkToTh3Doc #InnovationFunding #SMBFinance #NonprofitTax #LocalGovernmentSavings #BusinessCredits #CPAstrategy #TaxStrategies2025 #TaxPlanning #FreeTaxReview #UnlockSavings #FinancialCompliance `#CashBackForSM