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.
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.
R&D 360
Click on each stage in the wheel to learn more about what Frazier & Deeter can do for you.
Assess
We offer a free assessment of your activities and expenses to understand your potential R&D tax credit.
Study
We work with you to create a best in class system to capture eligible R&D expenditures. We work with your team, providing you with best practices to implement going forward.
Substantiate
We make it easy for your company to capture the necessary documents to substantiate your claim. This is an area that is often overlooked, yet is vital.
Implement
We work with you to implement best practices to maximize efficiency that is customized to your business needs.
Defend
We stand behind our work and provide you with a deliverable that you can hand over to the IRS or State auditors. We can also help you navigate and defend your previous R&D claims.
Get in touch
Give us a call today to find out if you qualify for the R&D tax credit.
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)
Healthcare company benefits from previously undiscovered credits
Revenue cycle and clinical information provider had been utilizing another firm for R&D credits. Our team members leveraged engineering experience and healthcare expertise to understand and qualify for previously unrealized tax incentives.
$52B automotive manufacturer gains millions in R&D credits
This leading global manufacturer was challenged with a highly complex legal structure encompassing a European headquarters with facilities throughout the U.S. Our professionals worked with the tax department to decipher complex and disparate internal reporting of financials, then conducted onsite interviews within U.S. manufacturing plants, helping to develop a process to capture tax credit relevant information more efficiently in the future. Provided client with multi-million dollar Federal and State R&D tax credits
Manufacturer of paper products qualifies for R&D credits that increased Earnings Per Share
This world-class manufacturer of specialty paper products was nearing $1 billion in revenue. Our professionals identified significant R&D credits that had never been taken. We gathered detailed documentation to substantiate the company qualified for the credit. The tax benefit was significant and the company saw a positive impact on Earnings Per Share.
Leading technology company saves hundreds of millions
This global search engine company faced the challenge of protecting highly sensitive trade secrets while pursuing R&D credits. With research activities around the U.S. and the world, our team helped create a matrixed approach that worked with their internal organization and enabled the ongoing recognition of tax credits for a multi-year study.
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