Startups Can Now Save Up To $500K
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BuildRight
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Expor
Let’s Clear Up a Few Myths
Misconceptions about startups and R&D tax credits are common as the laws change frequently.
MYTH #1
Startups can’t use R&D tax credits
Since 2023, qualified small businesses can elect to offset up to $500K of payroll taxes per tax year with R&D tax credits. Startups need to have gross receipts under $5 million this tax year and have no gross receipts more than 5 tax years ago.
MYTH #2
CPAs can just estimate R&D costs
A good filing requires project-by-project qualification with defensible wage allocations. Estimates not backed with evidence and analysis mean you either under-claim (leave money on the table) or you over-claim (increase audit risk).
MYTH #3
Audit-proof documentation is $$$
Well...it used to be! Consultants take up to 25% of credits for taking up the technical team’s time with interviews and surveys in order to document a year’s worth of work.
For a fraction of the cost, Daemon analyzes and categorizes an entire engineering organization’s annual digital output to thoroughly document a credit-optimizing allocation of expenses.
Start-to-Finish in Days
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1
Connect Data Systems
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Start Automated Analysis
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Review Credit Amounts
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Submit Forms to IRS
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Pricing that works for organizations of all sizes.
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No New Work Required
After connecting to engineering systems via APIs, Daemon runs autonomously in the background documenting a year of work,
No Stone Unturned
Daemon reviews every code commit and completed issue, creating connections to prove the R&D qualification of projects.
Beyond Thorough
Daemon leverages LLMs to process and qualify engineering artifacts at a scale unmatched by human consultants.
Security-First Mindset
All company data is secured at rest and in transit with world-class security practices and review.
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