Maximize R&D Tax Credit Savings

Your innovation could unlock significant tax savings through the R&D Tax Credit.

Don't let complex tax rules blur your vision. Get a clearer picture of qualified research expenses with Schneider Downs' Research & Development tax credit expertise.

We'll handle the tax regulations so your business can maximize the R&D Tax Credit and focus on innovation by:

  • Assisting your staff in identifying qualifying R&D activities
  • Gathering and documenting related R&D eligible costs
  • Detailing state tax benefits that may be available
  • Provide information required for tax filings
  • Preparing deliverables to substantiate the credit claim
  • Providing support with federal or state audits
  • Keeping you informed of new legislation, guidance, and court rulings impacting the R&D credit

Many standard industry initiatives may qualify for the R&D Tax Credit. Don't miss out on considerable tax savings.

Maximize R&D Tax Credit Savings

Your innovative spirit could unlock significant tax savings through the Research & Development Tax Credit program.

Don't let complex tax rules blur your vision. Get a clearer picture of qualified research expenses with Schneider Downs' R&D tax credit expertise.

We can handle the tax regulations so your business can maximize the R&D Tax Credit and focus on innovation by:

  • Assisting your staff in identifying the qualifying R&D activities
  • Gathering and documenting the related R&D eligible costs
  • Detailing the state tax benefits that may be available
  • Provide information required for tax filings
  • Preparing deliverables to substantiate the credit claim
  • Providing support with federal or state audits
  • Keeping you informed of new legislation, guidance, and court rulings impacting the R&D credit

Many standard industry initiatives may qualify for the R&D Tax Credit. Don't miss out on considerable tax savings.

R&D Tax Credit MicroscopeHow to Claim R&D Tax Credit and Lower Business Tax Liability

Generally speaking, the R&D tax credit is industry agnostic. 

Listed below are industries in which SD specializes that often have R&D activities and expenses:

✔ Construction, including architecture, engineering, and electrical, mechanical, and plumbing contractors;
✔ Emerging Technology, including software and technology, robotics, and biotechnology;
✔ Energy and Resources, including mining and extraction, wind, solar, and energy plants;
✔ Manufacturing, including advanced manufacturing, biotechnology, medical devices, pharmaceuticals, original equipment manufacturers, and food and beverage;
✔ Real Estate, including architecture, engineering, site development, and software and technology; and
✔ Transportation and Logistics, including software and technology.

Unsure whether your research expenses qualify for R&D Tax Credit? Ask a Tax Expert today.

Additionally, with software and technology being an underlying component for virtually every industry, companies who have custom-developed back-office systems, customizations to ERP systems, app development, e-commerce, and other innovative software solutions are also great candidates for an R&D tax credit.

Businesses in any industry that are conducting qualified research and development activities can claim the credit on Form 6765 and reduce tax liability as a general business credit. Additionally, start-up companies may be able to reduce their payroll taxes.

With new guidance it’s even more important to claim the R&D credit on an original return to avoid additional documentation requirements. However, the R&D credit can be claimed for any open tax years.

  "Thank you to you and the team for all of the hard work regarding this. Great result on the credit."
-Mechanical Contractor

   "It was a pleasure working with you and the rest of the team on analysis."
- Manufacturing and Engineering Company

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Contact a Schneider Downs R&D Tax Credit Expert today.

 

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