Research and development credit services

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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 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.

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R&D tax credit insight: Tax accounting methods for research expenditures
With tax reform, what should companies be doing now?

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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

Meet the R&D tax credit team

IRS releases guidance to facilitate administration of research credit ‘safe harbor’

The IRS on May 14 released two pieces of guidance to field teams to facilitate administration of the 'safe harbor' for qualified research expenditures (QREs) under the Section 41 research tax credit that are based on an adjusted amount of ASC 730 research and development (R&D) costs. The safe harbor was provided under a Directive released by the Large Business & International Division (LB&I-04-0917-005) on September 11, 2017. (For detailed analysis of the 2017 Directive, see PwC Insight, IRS introduces research credit Directive for taxpayers that report R&D costs on audited financial statements, September 21, 2017.)

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Contact us

Jeff Jones

Jeff Jones

Specialized Tax Services (STS) Leader, PwC US

Brett Ritter

Brett Ritter

Partner, National R&D Tax Services Leader, PwC US

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