R&D Tax Credit Services

The research and development tax credit can be a significant advantage for businesses that develop, design or improve products, techniques, software and similar activities.  Companies do not have to be in a high-tech industry to qualify.  The credits are available to companies in virtually every industry and they are offered, not only in the United States, but in more than 30 other countries.  Sometimes the same dollars qualify in up to three different countries.  Our experts will gather facts about the industry, technology, history, organization, development process, accounting systems and practices, contractual agreements with third parties among other things to determine eligibility.

Tax Benefits

  • R&D credits and deductions
  • Investment credits
  • Tax exemptions or holidays
  • Accelerated depreciation
  • Training incentives

Non-Tax Benefits

  • Cash subsidies and grants
  • Government-sponsored centers/programs
  • No or low-interest loans
  • Reduced red tape

Industries that typically qualify:

  • Aerospace
  • Biotech
  • Computer hardware
  • Distribution
  • Engineering services
  • Food manufacturing
  • Government contracting
  • Manufacturing
  • Oil and gas
  • Retail
  • Software
  • Transportation
  • Automotive
  • Chemical manufacturing
  • Consumer products
  • Energy
  • Financial services
  • Furniture
  • Life sciences
  • Medical manufacturing
  • Pharmaceuticals
  • Services
  • Telecommunications
  • Utilities

Companies that pay for or perform services to develop or improve a product or process in any of the following areas, may have an R&D credit:

  • Engineering
  • Software development
  • Computer sciences
  • Biological sciences
  • Physical sciences

Companies who develop or improve any of the following in any of these areas, may have an R&D credit:

  • Products
  • Processes, e.g., manufacturing processes
  • Computer sciences
  • Software, either for sale or for internal use, e.g., to monitor, control, or support:
    • Production processes
    • Customer services
    • Distribution centers
    • Supply chain management
    • Product development
    • Formulae, e.g., chemical formulae used in food manufacturing
    • Techniques
    • Inventions

We can help:

  • Develop an understanding of how your company develops and improves its products, processes, or software.
  • Determine which of the stages of that process comprise qualified elements of a process of experimentation; and
  • Identify and document your qualified activities, projects, and costs in terms of those stages/elements, which themselves include the statutory “four-part test” requirement and exclusions.