Research and development credit services

Don’t lose your credits

Companies spend significant time and effort collecting and compiling data and aggregating the documentation necessary to support federal and state research and development (R&D) tax credits.  Often this effort is the undertaking of the scientists, engineers, and product development team members with competing priorities.  As a result, many companies understate and/or under-document their credits, losing some or all of them on examination.

A flexible solution

Stemming from our federal and state research tax credit law and examination experience, we have developed a flexible, customizable technology solution designed to build upon your existing technologies. Our unique web-based solution utilizes Microsoft SharePoint and is designed to minimize disruption to your business by incorporating data from existing payroll and ERP systems.  Our team will review your current R&D tax credit methodology and existing technologies to identify opportunities to further leverage our team and technology.

We can help you with:

  • Identifying and documenting the “qualified research expenditures” associated with those activities
  • Calculating credits generated by qualifying R&D expenditures
  • Providing supporting documentation for those activities and expenditures to comply with IRS or state taxing authority requirements
  • Developing and implementing procedures that may help identify, document, calculate, and support R&D credit claims accurately and efficiently
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Check out PwC's R&D Tax Credit Survey Solution
 

IRS introduces research credit directive

Many taxpayers report GAAP ASC 730 research and development (R&D) costs on their certified audited financial statements. The IRS Large Business and International Division (LB&I) on September 11, 2017 signed guidance that will allow these taxpayers to take advantage of a ‘safe harbor’ under which an adjusted amount of their ASC 730 R&D costs can be determined as qualified research expenses (QRE) for the Section 41 credit for increasing research activities (research credit). If a taxpayer complies with the requirements of the Directive, the LB&I examiners are not to challenge certain QRE amounts for the credit year as set forth in the guidance.

Learn more

Contact us

Jeffery Jones
STS Leader
Tel: +1 (415) 498 5340
Email

Kendall Fox
Technical Leader, National R&D Tax Credit Consulting
Tel: +1 (646) 471 3261
Email

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