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Research & Development Tax Credits

Are you leaving R&D Tax Credits money on the table?

The Research & Development (R&D) tax credit is for businesses of all sizes, not just major corporations with research labs, and many companies are surprised that they qualify. Any company that designs, develops, or improves products, processes, techniques, formulas, inventions, or software may be eligible.

If your company has simply invested time, money, and resources toward the advancement and improvement of its products and processes, you may qualify. At Frazier & Deeter we work with companies of all sizes to help them realize immediate tax savings and payroll tax reductions through the research and development tax credit. Since 1981, the R&D Tax Credit has been one of the most valuable credits used by companies in a variety of industries. Every year, the R&D credit yields billions of dollars in federal and state benefits to companies engaged in qualifying research. Yet, many companies are unaware that their day-to-day operations could qualify for a dollar-for-dollar reduction of their income tax liability.

A tax credit is an immediate source of cash, as well as a significant reduction to current and future years’ federal and state tax liabilities.
Who benefits? View Cases

The R&D Tax Credit and other related tax breaks save U.S. businesses more than $12 billion annually and under recently issued government regulations more industries qualify for the R&D Tax Credit than ever before.

Plus, the R&D Tax Credit regulations allow eligible taxpayers to “look back” to all open tax years (typically three years plus the current year) for potential research credits that were never claimed.

At Frazier & Deeter, we look at R&D opportunities across federal, state and international tax jurisdictions to ensure you are gaining advantage for your efforts to innovate your products and processes. Our team of specialists can help you understand whether your activities qualify and then help you from beginning to end of the credit collection process.

Give us a call today to find out if you qualify for the R&D tax credit.

Tax Alert: New Guidance for Section 174

The House successfully passed the $78 billion tax bill H.R. 7024. Notably, the bill reinstates the current year expensing of domestic research and experimentation costs. For companies investing in research and development, this tax break holds significant importance.

Industries that commonly benefit:

  • Aerospace and Defense
  • Agribusiness
  • Apparel
  • Automotive
  • Clean Technology
  • Communications and Media
  • Construction
  • Food and Beverage
  • Forest Products
  • Health Care
  • Life Sciences
  • Manufacturing and Consumer Products
  • Professional Services
  • Retail
  • Technology
  • Wineries and Vineyards

Our team’s past results (Case Studies)

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