Manufacturer's Payroll Credit - R&D Tax Credits

ARE YOU TAKING FULL ADVANTAGE OF THE R&D TAX CREDIT INCENTIVES ALLOWED BY LAW?

In December 2001, new tax regulations enabled small to mid-size companies to be eligible to take the R&D (wage-based) Tax Credits.

  • Documentation and Discovery requirements were relaxed.
  • The goal was to keep innovation and creativity in the U.S. and encourage economic growth.
  • Clients can now receive cash back and/or tax credit benefits for conducting technical activities and meeting the tax regulation requirements.

The R&D tax credit team must be comprised of the following personnel:

  • IP Attorneys, Tax Attorneys
  • Engineers and Scientists from various disciplines
  • Audit Experts
  • Client’s CPA/Trusted Advisor - involved every step of the way.

Our technical and legal staff work together at every step of our process to efficiently perform the following activities to conduct R&D Tax Credit Studies:

  • Collect necessary technical and financial data
  • Perform technical interviews and document qualified projects and activities
  • Perform R&D Allocation Interviews and document qualified expenditures and key employees' involvement
  • Perform research on case laws, technical briefing, private letter rulings, etc.
  • Interpret tax code and regulations
  • Calculate the credit at Federal and State level
  • Defend the client in case of Audit (if needed)

The R&D Technical Report

  • The R&D Study / Technical Report is where all the arguments, documentation of qualification and quantification must coalesce into a coherent statement of why, when, where and how much.
  • The Study will convey the credit being taken and the basis for such amount.
  • For a credit with varying qualitative issues, the report is critical.

Who Benefits?

Primarily manufacturing, software and pharmaceutical companies and if your company is involved in any of the following activities:

  • Manufacturing products
  • Developing new, improved or more reliable products, processes or formulas
  • Developing prototypes or models, including computer generated models
  • Developing tools, jigs, molds, and dies
  • Developing or applying for patents
  • Certification testing
  • Testing new concepts
  • Development of new technology
  • Trying new materials
  • Adding new equipment
  • Environmental testing
  • Developing or improving production/manufacturing processes
  • Developing, implementing or upgrading systems and/or software
  • Developing production control software
  • Improving or building new manufacturing facilities
  • Automate internal processes
  • Paying outside consultants/contractors to do any of the above stated activities
» How Do I Get Started?