Does your company qualify for the R&D credit?
The Research and Development (R&D) Tax Credit is one of the most underutilized tax savings opportunities for companies. Your organization may be able to realize significant tax savings through a review of your research and development activities if you answer yes to any of the following questions:
- Do you develop new production processes or production tooling?
- Do you rely on engineers or other technical personnel as employees or on a contract basis?
- Do you develop new products or improve your existing products?
- Have you obtained patents in recent years?
- Does your team work on improving production efficiencies and quality?
Rehmann’s research tax credit professionals leverage years of experience to efficiently and effectively assist companies to calculate and substantiate research tax credits. Our methodology is as follows:
- Educate your team on the current status of the law and help define qualifying activities
- Investigate qualified activities and costs
- Substantiate positions through interviews and analysis of available records
- Calculate a credit that accurately maximizes the benefit to the company
- Document our process and findings in a format acceptable to taxing authorities
- Summarize the results in an executive report
An experienced eye to help you take full advantage
Many companies mistakenly believe filing a research credit claim is a nontechnical, straightforward procedure – resulting in missing out on certain qualified expenses. Our professionals will help you take full advantage of all your research expenditures.
Research pays in returns
As the cost of innovation increases, return on research investment becomes more critical to your organization. Rehmann is dedicated to helping you maximize the return on your research investment through effective use of the research tax credit. The credit calculation is designed to allow each taxpayer a benefit for increasing research expenditures.
Supporting documentation to support your claim
Proper documentation is critical for supporting a claim with taxing authorities. Lack of historical records, however, can be remedied in most situations. We are skilled in documenting information required for a successful credit claim.
We’re here to help.
Just send us a note and we’ll do our best to get back to you as quickly as possible.
Mike C. Powell, CPA, MST, CMP
Principal, Advisory and Tax Services248.952.5000
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