Unlocking Your Business's Success
Strategic Tax Credit Program Solutions for the USA, UK & Canada
Unlocking Your Business's Success
Strategic Tax Credit Program Solutions for the USA, UK & Canada
About Droidlance Tax Credits
Our Expertise
Our Expertise
Our Expertise
We have over 15 years of experience in providing Client Acquisition services to companies of all sizes. Our team of experts has a deep understanding of the Tax Credit Programs we specialize in.
Our Approach
Our Expertise
Our Expertise
We believe in taking a customized approach to each of our clients. We work closely with you to understand your unique needs and challenges, and develop specific solutions that are tailored to your business' needs.
Our Team
Our Expertise
Our Results
Our team of consultants is made up of experienced professionals with diverse backgrounds. We bring a wide range of perspectives to every project, ensuring that we deliver the best possible results.
Our Results
Our Expertise
Our Results
We have a proven track record of success, helping our clients achieve their objectives and improve their bottom line. Our results speak for themselves, and we are committed to delivering measurable value to every client.
what we specialize in
R&D Tax Credits
There are currently 38 states that recognize the R&D tax credit. These states typically follow the IRS’s guidelines on qualified research expenditures (QREs) — with some exceptions. Fortunately, state R&D tax credits may be combined with federal R&D tax credits.
There is no cap on the amount a business can claim in R&D tax credits. Since R&D tax credits are determined by the size and scale of a business’s technical activities — the more spent, the more saved. Most businesses recover about 10% of their qualified R&D tax credit expenditures.
The R&D tax credit is generally used to offset federal income taxes. If the credit is not fully utilized the year it is generated, businesses may carry it back one year for a tax refund. If excess credit is still available, businesses may carry it forward up to 20 years. Startups that are not yet profitable may apply the credit toward federal payroll taxes to offset up to $500,000 each year for up to five years (a total of $2.5 million).
Self-Employed Tax Credits (SETC)
Self-employed people can receive a tax credit from SETC up to $32,220. The SETC, is the sole government program that provides self-employed people with additional money.
The SETC was enacted in March 2020 to assist employers in providing paid time off and unemployment compensation related to COVID-19. To assist companies with W-2 workers in enduring the financial effects of the epidemic, the SETC initially concentrated on them. The Self Employed Tax Credit, or SETC credit, is available to independent contractors who were unable to work during the pandemic. Only tax year(s) of the COVID-19 pandemic are included.
The credit is intended to assist the taxpayer who was forced to miss work. One or two days of sick leave is not enough to make up for the lost work. It is closer to a wage income employee’s family sick leave protection. This independent contractor has lost revenue from their business. Not just low-paid employees are affected. Employers and independent contractors are now covered by the SETC, which offers tax credits for missed wages due to the COVID-19 epidemic.
Preventative Healthcare Initiative (PHI)
The Preventative Health Initiative (PHI) provides a dual-faceted solution that advantages both employers and employees alike.your sales goals.
Benefits For Employers
- Company Benefit = $500 average FICA savings per employee
- No Net Cost to the Company
- Employee Benefit = $1500 average additional retirement benefit per year and a robust suite of health services at no cost
- No reduction in employee’s take home pay
- Improve Employee Acquisition and Retention
- Reduce Healthcare Expense
- Increase Wellness and Morale
Benefits For Employees
The PHI program extends an array of preventive health services to employees. These encompass a personalized health dashboard, entry to preventive care initiatives, individualized health coaching, and telehealth services. The program's objective is to empower employees in managing their lifestyles, warding off and managing ailments, leading to significant time and monetary savings.
Contact Us
Droidlance Tax Credits LLC
Address: 254 Chapman Road, Newark, Suite 204, 19702
Email: john@droidlancetaxcredits.online
Phone: 205-453-4171
