Research and Experimentation Tax Credit

How does an organization increase revenues and combat competitive pricing battles?
By improving efficiencies, enhancing product lines, and introducing new goods.

Many operational and product changes are evolutionary by nature, rather than revolutionary, eliminating the need to obtain a new patent. But you still may be entitled to the research and experimentation (R&E) tax credit.

Don't overlook this opportunity! Companies in a variety of industries, particularly manufacturing and technology, are well-positioned to benefit. If your company possesses one or more of the following characteristics, contact us to learn if you can profit from an R&E Tax Credit Study:

• Use technological processes to make tangible products and make improvements to the product or process.
• Develop new or improved software applications for internal or external purposes.
• Develop new or improved processes for producing goods.

A R&E Tax Credit Study is a technical assessment of your activities. Our experienced tax professionals identify expenditures that qualify for the R&E tax credit included under both federal and state codes. Activities for open tax years are also analyzed to determine eligibility and when necessary, we amend any tax returns that qualify to receive the credit.

In addition to increasing your cash flow, we take time to educate your employees so that they learn to recognize qualified R&E expenditures. We also work with you to develop internal procedures to help track these expenses and ensure that backup documentation is at your fingertips, should you require it for an IRS or state examination.

Running a successful business requires innovation. Let our tax professionals help you increase your cash flow and leverage your entrepreneurial spirit.