IS YOUR BUSINESS SITTING ON
UNTAPPED TAX CREDIT?
Your Business May Qualify For The Research & Development Tax Credit
IS YOUR BUSINESS SITTING ON
UNTAPPED TAX CREDIT?
Your Business May Qualify For The Research & Development Tax Credit
Our Results
These are some of the businesses that we worked with who qualified for the Research & Development tax credit.
CUSTOM JAVASCRIPT / HTML
The Research and Development (R&D) Tax Credit
Our Results
These are some of the businesses that we worked with who qualified for the Research & Development tax credit.
CUSTOM JAVASCRIPT / HTML
The Research and Development (R&D) Tax Credit
Your business may be
qualified for the R&D tax credit if it is:
- Engineering and designing a new product, process, or technique.
- Conducting research aimed at discovering new knowledge
- Designing/Evaluating product alternatives
-
Significant modifications to the concept or design of a product
-
Designing, constructing, and testing preproduction prototypes and models
-
Engineering activity to advance the product’s design to point of manufacture
-
System and functional requirements analysis
-
Experimenting with new technologies
-
Developing new production processes during prototyping and preproduction phases
-
Research aimed to significantly cut a product’s time-to-market
-
Employs scientists, engineers, designers, software developers, and manufacturers
-
Paying outside contractors to do any of the above activities
What Proof Is Required For The R&D Tax Credit?
Companies can provide proof by documenting their R&D operations, so they’re well positioned to maximize the amount of credits claimed, as R&D tax credits may be claimed for both the current and preceding tax years.
Taxpayers must assess and record their research activities contemporaneously in order to determine the total amount ofqualified research costs paid for each eligible research activity, in order to be eligible for this credit. Taxpayers are permittedto estimate some research costs, but they must have factual foundation for their calculations.
↓ Examples of contemporaneous documentation include these items ↓
Payroll records
Tax Returns
Balance Sheets
Project lists
Project Records
Profit & Loss Docs
Who Can Claim The R&D Tax Credit?
Unlike what many businesses believe, R&D credit eligibility encompasses a far wider range of activities and operations, including new manufacturing processes, software development, and quality improvements, in addition to the development of products. For a maximum of five years, startups may also be qualified to claim the R&D tax credit against their payroll tax.
Your business may be qualified for the R&D tax credit if it is:
- Engineering and designing a new product, process, or technique.
- Conducting research aimed at discovering new knowledge
- Designing/Evaluating product alternatives
-
Significant modifications to the concept or design of a product
-
Designing, constructing, and testing preproduction prototypes and models
-
Engineering activity to advance the product’s design to point of manufacture
-
System and functional requirements analysis
-
Experimenting with new technologies
-
Developing new production processes during prototyping and preproduction phases
-
Research aimed to significantly cut a product’s time-to-market
-
Employs scientists, engineers, designers, software developers, and manufacturers
-
Paying outside contractors to do any of the above activities
What Proof Is Required For The R&D Tax Credit?
Companies can provide proof by documenting their R&D operations, so they’re well positioned to maximize the amount of credits claimed, as R&D tax credits may be claimed for both the current and preceding tax years.
Taxpayers must assess and record their research activities contemporaneously in order to determine the total amount ofqualified research costs paid for each eligible research activity, in order to be eligible for this credit. Taxpayers are permittedto estimate some research costs, but they must have factual foundation for their calculations.
Examples of contemporaneous documentation include these items
Payroll records
Tax Returns
Balance Sheets
Project lists
Project Records
Profit & Loss Docs
Our Process
We do the work, you get the credit. We designed our solution with your busy schedule in mind, providing a clear path to obtain your tax credits. Our clients invest a short amount of their time while we take care of the rest.
1. Pre-Qualification
Register using our proprietary software that will pre-qualify your business and a Velo representative will follow up with you.
2. Qualification
Once your information has been entered, it is reviewed by our team of tax experts. Your
qualification and calculation reports, plus all necessary tax forms, are generated and kept
for your records.
3. Calculation
Calculation is based on wages, contracted work, and supplies used during business activities.
4. Strategy
Velo’s team of tax experts determines or directs refunds. The strategy can vary based on several factors.
5. Filing
Coordination with our tax preparer and payroll provider to realize benefit, which is handled
by our team.
Our Process
We do the work, you get the credit. We designed our solution with your busy schedule in mind, providing a clear path to obtain your tax credits. Our clients invest a short amount of their time while we take care of the rest.
1. Pre-Qualification
Register using our proprietary software that will pre-qualify your business and a Velo representative will follow up with you.
2. Qualification
Once your information has been entered, it is reviewed by our team of tax experts. Your
qualification and calculation reports, plus all necessary tax forms, are generated and kept
for your records.
3. Calculation
Calculation is based on wages, contracted work, and supplies used during business activities.
4. Strategy
Velo’s team of tax experts determines or directs refunds. The strategy can vary based on several factors.
5. Filing
Coordination with our tax preparer and payroll provider to realize benefit, which is handled
by our team.
↓ Some Of Our Results ↓
Aaron Hogan
“When we first met to discuss their tax solution possibly saving me over $10,000 on the conservative end, I was in denial, yet hopeful. I received a check in the mail more than I imagined which allowed me to put the down payment on the land and secure the property of my dreams. Thanks for providing this miracle in my business!"
Kevin Lehoe
" Velo Advisers Saved Me Hundreds Of Thousands Of Dollars In Tax Liability "
“To get straight to the point, Velo Advisers saved me and my e-commerce company hundreds of thousands of dollars in tax liability. Within a few months of working with them, they identified and implemented a legitimate strategy to reduce our tax bill in 2020. This allowed me to invest more dollars back into my company to grow, hire additional employees, and launch new products. Before switching over to Velo, my previous CPA simply told me "this is how much you owe to the IRS". This just shows you how important it is to have a solid tax strategy team on your side. I can't speak highly enough of the team at Velo Advisors. They will be instrumental in my business for years to come. “
Fritz Embaugh
" They Actually Delivered On What They Said They Would "
“I was told by 2 different companies that I would receive federal tax credits for my architectural company. It was refreshing to hear and work with a company that actually did what they said they would do. Now we work with them for our overall tax, accounting, and process design needs as a company. “
Jason Beckstead
"Extremely Professional & Easy To Work With"
"Sam and his team at Velo Advisers were extremely professional and easy to work with. They responded quickly to our first inquiry and set up a meeting to gather all of the information that was needed. The process with Velo could not have been more simple and efficient. They hit every deadline and commitment right on time. Getting this ERC credit was a tremendous boost to our business. They even reviewed our entire business to find other credits that we qualify for. I am beyond grateful for their services and I would definitely use them again or recommend them to any company looking for fast, professional assistance with tax credits or consulting."
Bob Cantarutti
" Velo Advisers Saved Me Hundreds Of Thousands Of Dollars In Tax Liability "
“Thank goodness for Velo Advisors. With their assistance we were able to work through the issues caused by the transition and get our company back on track. They were able to provide corrections and much needed guidance. They have completed their tasks in a timely manner and met all deadlines even when we did not allow them much time to do so. Combine their capability with reasonable costs and you have a great business partner to work with."
Phil Young
"They Have Been Instrumental To Us"
“Working with the Accounting Team at Velo Advisers has been instrumental in helping our family-owned small business maintain a steady growth trajectory. Since employing their services, we have been able to offload much of the desk labor that, as owners heavily involved in day-to-day operations, we simply don't have time to devote ourselves to. The byproduct of this is us being able to execute against things like staff culture, community outreach and in-store innovations, which are foundational to our short and long-term success. Our accountants are accessible, pursue excellence, and also help us more fully understand the financial health of our business, which we value greatly."
Meet Our Team
We Help Build And Protect The Impact Entrepreneurs Make In Our World.
Sam Denton
Managing Partner
Louisiana State University
Alec Epkes
Managing Partner
Alec is a CPA, CMA, and MBA with a concentration in Accountancy with many years of experience servicing clients in the arenas of Accounting, Tax, Enterprise Planning, and M&A Consulting. He is passionate about helping clients think creatively about their business model to realize a sustainable, competitive advantage. He lives in Davenport. IA with his wife
and 3 daughters, who he loves spending quality time with.
Western Illinois University
Renee' Carr
Director - Client Service
Renee' has over 27 years of experience in the financial service sector, where she served in several executive leadership roles. She has a strong business acumen, analytical astuteness, and the ability to make crucial management decisions. Renee's passion is people, and the impact she can have on their lives both professionally and personally. She currently resides in Lafayette, LA with her family and two dogs.
McNeese State University
Becca Connors
Tax Accountant II
Becca has years of experience and knowledge in evaluating, preparing, and reviewing complicated entity and individual tax return scenarios from
almost every state in the United States. She is passionate about the people she works with, the company culture, and serving our clients well. Becca lives in Davenport, IA with her husband and three rescue dogs.
Georgia Southern University
Tony Linden
Tax Accountant I
Tony has over 9 years of experience in both tax and accounting. He has extensive knowledge surrounding both individual and corporate tax filings. Tony currently resides in Orion, IL, and is a fan of the Green Bay Packers.
Augustana College
Kim Hansen
Tax Associate
Kim currently serves on our tax team, where she has learned to navigate many different types of return scenarios while delivering a superior service experience. She has a keen sense of accuracy and close attention to detail. Kim lives in Davenport. IA where she enjoys hiking and camping
outdoors with her family.
Augustana College
Adam Holdorf
Accounting Manager
Adam brings over 5 years of accounting experience, from F100
accounting ot not for profit budgeting. With a particular emphasis on process improvements and efficiencies, Adam is passionate about serving both his clients and team with his accounting knowledge. Adam lives in Davenport,
AI with his family, where he enjoys biking to work daily.
Western Illinois University
Brittany Epkes
Accountant I
With multiple Public Accounting
experiences, Brittany has developed a technical accounting knowledge relevant to the manufacturing, retail, and professional service industries. She demonstrates a fierce attention to organization, detail, and is an avid learner. Brittany lives ni Alabama on her family farm, where she enjoys reading
and spending time with her dogs.
Shepherd University
Kiley Griffith
Accounting Associate
Kiley has developed a deep
understanding of the core accounting cycles that drive business outcomes for businesses in various industries. She
has a strong attention to detail, is
methodically precise, and demonstrates a passion for learning. She loves cozy
days at her home in East Moline, IL curled up with a good book
Black Hawk Community College
Mackenzie Mosbach
Payroll Manager
Mackenzie has a robust knowledge of payroll compliance and reporting at the federal, state, and local levels across the United States. She is passionate about clear communication and building relationships with our clients as she supports their payroll functions. Mackenzie lives in Davenport, AI with
her family and their rescue dog.
Western Illinois University
Emily Hermiston
ERP Consultant I
Emily has used her background in accounting to understand complicated database environments and organizational processes. As a Certified ERP Functional Consultant. Emily leverages her experience to build Enterprise Solutions for the clients
she serves. She is passionate about connecting whti clients in a way that helps them learn and grow their business. Emily resides in LoAsngeles, CA with her family,
dna enjoys adventurous outdoor activities.
St. Ambrose University
Katie Corey
Brand Strategist
Katie is a graphic designer with a broad art and design background. Katie is responsible for articulating the Velo
brand to prospects, clients, and stakeholders through the branded content and media she helps produce. She resides in Savannah. GA where she loves taking day trips to the beach
with her husband and dog.
Mississippi State University
Dan Ferlmann
Solutions Architect II
Dan has 6 years of proven sales
experience in the meeting hte materials handling needs of different manufacturing sectors. He is passionate about building relationships with entrepreneurs that meet they dynamic needs of their growing businesses. Dan likes to stay active, travel, and play as much golf as he can. He currently resides in Davenport, AI
St. Ambrose University
Marybeth Peters
Recovery AnalystI I
Marybeth has 7 years of business management experience. Some of her strengths include meticulous attention to detail, organization, and relationship building. She lives ni Baton Rouge, LA where she loves going on adventures with her daughters and is on the worship team at her church.
West Virginia Weslevan College
Ben Mosbach
Project Administrator
Ben brings over 9.5 years of project management and administrative experience. He has leveraged this broad skillset to address the critical resource, application, and process infrastructure of service-based organizations. Ben lives in Davenport. IA, where he loves to spend time outside with his family and friends.
University of Northern lowa
↓ Some Of Our Results ↓
Aaron Hogan
" Over $10K In Savings, A Miracle In My Business! "
“When we first met to discuss their tax solution possibly saving me over $10,000 on the conservative end, I was in denial, yet hopeful. I received a check in the mail more than I imagined which allowed me to put the down payment on the land and secure the property of my dreams. Thanks for providing this miracle in my business!"
KEVIN LEHOE
" Velo Advisers Saved Me Hundreds Of Thousands Of Dollars In Tax Liability "
“To get straight to the point, Velo Advisers saved me and my e-commerce company hundreds of thousands of dollars in tax liability. Within a few months of working with them, they identified and implemented a legitimate strategy to reduce our tax bill in 2020. This allowed me to invest more dollars back into my company to grow, hire additional employees, and launch new products. Before switching over to Velo, my previous CPA simply told me "this is how much you owe to the IRS". This just shows you how important it is to have a solid tax strategy team on your side. I can't speak highly enough of the team at Velo Advisors. They will be instrumental in my business for years to come. “
" They Actually Delivered On What They Said They Would "
“I was told by 2 different companies that I would receive federal tax credits for my architectural company. It was refreshing to hear and work with a company that actually did what they said they would do. Now we work with them for our overall tax, accounting, and process design needs as a company. “
"Extremely Professional & Easy To Work With"
"Sam and his team at Velo Advisers were extremely professional and easy to work with. They responded quickly to our first inquiry and set up a meeting to gather all of the information that was needed. The process with Velo could not have been more simple and efficient. They hit every deadline and commitment right on time. Getting this ERC credit was a tremendous boost to our business. They even reviewed our entire business to find other credits that we qualify for. I am beyond grateful for their services and I would definitely use them again or recommend them to any company looking for fast, professional assistance with tax credits or consulting."
BOB CANTARUTTI
" Velo Advisers Saved Me Hundreds Of Thousands Of Dollars In Tax Liability "
“Thank goodness for Velo Advisors. With their assistance we were able to work through the issues caused by the transition and get our company back on track. They were able to provide corrections and much needed guidance. They have completed their tasks in a timely manner and met all deadlines even when we did not allow them much time to do so. Combine their capability with reasonable costs and you have a great business partner to work with."
PHIL YOUNG
"They Have Been Instrumental To Us"
“Working with the Accounting Team at Velo Advisers has been instrumental in helping our family-owned small business maintain a steady growth trajectory. Since employing their services, we have been able to offload much of the desk labor that, as owners heavily involved in day-to-day operations, we simply don't have time to devote ourselves to. The byproduct of this is us being able to execute against things like staff culture, community outreach and in-store innovations, which are foundational to our short and long-term success. Our accountants are accessible, pursue excellence, and also help us more fully understand the financial health of our business, which we value greatly."
Meet Our Team
We Help Build And Protect The Impact Entrepreneurs Make In Our World.
Sam Denton
Managing Partner
Sam is a licensed Investment Advisor with 15 years of experience in the financial
service industry. Sam leverages his experience daily by assisting business owners and individuals with financial, tax, and risk management strategies that help them keep more of what they make. Sam is passionate about building relationships laced with trust and insightful education to unlock opportunity for both his clients and team. He currently lives in Baton Rouge, LA with his wife and three children. Sam is an avid reader and loves to travel.
Louisiana State University
Alec Epkes
Managing Partner
Alec is a CPA, CMA, and MBA with a concentration in Accountancy with many years of experience servicing clients in the arenas of Accounting, Tax, Enterprise Planning, and M&A Consulting. He is passionate about helping clients think creatively about their business model to realize a sustainable, competitive advantage. He lives in Davenport. IA with his wife
and 3 daughters, who he loves spending quality time with.
Western Illinois University
Renee' Carr
Director - Client Service
Renee' has over 27 years of experience in the financial service sector, where she served in several executive leadership roles. She has a strong business acumen, analytical astuteness, and the ability to make crucial management decisions. Renee's passion is people, and the impact she can have on their lives both professionally and personally. She currently resides in Lafayette, LA with her family and two dogs.
McNeese State University
Becca Connors
Tax Accountant II
Becca has years of experience and knowledge in evaluating, preparing, and reviewing complicated entity and individual tax return scenarios from
almost every state in the United States. She is passionate about the people she works with, the company culture, and serving our clients well. Becca lives in Davenport, IA with her husband and three rescue dogs.
Georgia Southern University
Tony Linden
Tax Accountant I
Tony has over 9 years of experience in both tax and accounting. He has extensive knowledge surrounding both individual and corporate tax filings. Tony currently resides in Orion, IL, and is a fan of the Green Bay Packers.
Augustana College
Kim Hansen
Tax Associate
Kim currently serves on our tax team, where she has learned to navigate many different types of return scenarios while delivering a superior service experience. She has a keen sense of accuracy and close attention to detail. Kim lives in Davenport. IA where she enjoys hiking and camping
outdoors with her family.
Augustana College
Adam Holdorf
Accounting Manager
Adam brings over 5 years of accounting experience, from F100
accounting ot not for profit budgeting. With a particular emphasis on process improvements and efficiencies, Adam is passionate about serving both his clients and team with his accounting knowledge. Adam lives in Davenport,
AI with his family, where he enjoys biking to work daily.
Western Illinois University
Brittany Epkes
Accountant I
With multiple Public Accounting
experiences, Brittany has developed a technical accounting knowledge relevant to the manufacturing, retail, and professional service industries. She demonstrates a fierce attention to organization, detail, and is an avid learner. Brittany lives ni Alabama on her family farm, where she enjoys reading
and spending time with her dogs.
Shepherd University
Kiley Griffith
Accounting Associate
Kiley has developed a deep
understanding of the core accounting cycles that drive business outcomes for businesses in various industries. She
has a strong attention to detail, is
methodically precise, and demonstrates a passion for learning. She loves cozy
days at her home in East Moline, IL curled up with a good book
Black Hawk Community College
Mackenzie Mosbach
Payroll Manager
Mackenzie has a robust knowledge of payroll compliance and reporting at the federal, state, and local levels across the United States. She is passionate about clear communication and building relationships with our clients as she supports their payroll functions. Mackenzie lives in Davenport, AI with
her family and their rescue dog.
Western Illinois University
Emily Hermiston
ERP Consultant I
Emily has used her background in accounting to understand complicated database environments and organizational processes. As a Certified ERP Functional Consultant. Emily leverages her experience to build Enterprise Solutions for the clients
she serves. She is passionate about connecting whti clients in a way that helps them learn and grow their business. Emily resides in LoAsngeles, CA with her family,
dna enjoys adventurous outdoor activities.
St. Ambrose University
Katie Corey
Brand Strategist
Mississippi State University
Dan Ferlmann
Solutions Architect II
Dan has 6 years of proven sales
experience in the meeting hte materials handling needs of different manufacturing sectors. He is passionate about building relationships with entrepreneurs that meet they dynamic needs of their growing businesses. Dan likes to stay active, travel, and play as much golf as he can. He currently resides in Davenport, AI
St. Ambrose University
Marybeth Peters
Recovery AnalystI I
Marybeth has 7 years of business management experience. Some of her strengths include meticulous attention to detail, organization, and relationship building. She lives ni Baton Rouge, LA where she loves going on adventures with her daughters and is on the worship team at her church.
West Virginia Weslevan College
Ben Mosbach
Project Administrator
Ben brings over 9.5 years of project management and administrative experience. He has leveraged this broad skillset to address the critical resource, application, and process infrastructure of service-based organizations. Ben lives in Davenport. IA, where he loves to spend time outside with his family and friends.
University of Northern lowa
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