Research & Development Tax Incentives
Turn your innovation efforts into tax savings with the help of trusted R&D tax consultants.
The businesses of the future don’t simply adopt the status quo, but instead look for ways to expand what they’ve done and create new ideas. As your business works to improve existing products and services and develop new ideas, you may be eligible for the research and development (R&D) tax credit.
Eide Bailly’s R&D tax credit consultants take the time to understand your organization’s business activities and tax situation to identify how you can take full advantage of qualifying for federal and state credits. Our R&D tax credit services team leverages their deep understanding of tax laws and regulations to secure R&D credits and identify additional tax credit opportunities, helping you maximize your credit stack.
The R&D Tax Credit: Industries That Benefit
There are no specific industry requirements when it comes to utilizing the research and development tax credit. The allocation of the credit depends more on the specific types of development activities an organization participates in.
Eide Bailly’s R&D tax consultants have seen the tax credit work successfully in the following industries:
- Manufacturing and Distribution
- Software/Technology
- Architecture and Engineering
- Agriculture
- Financial Institutions
- Construction and Real Estate
Regardless of industry, it’s important to have an advisor by your side who understands the credit. For example, Eide Bailly’s specialized R&D tax credit services team recently found $500,000 in total credits for a software company.
Is the R&D Tax Credit Right for You?
Know What Credits You Qualify for
What Our R&D Tax Credit Consultants Can Do for You
Our dedicated team of consultants offers expertise that extends beyond R&D tax consulting. We use our knowledge to identify incentives and create strategies tailored to your organization’s needs, maximizing benefits and increasing cash flow. We also stay up-to-date on changes to the Internal Revenue Code so you don’t miss out on unused credits for which you’re eligible.
Minimize Your Tax Burden
Our consultants help reduce your company’s tax liability by identifying current projects that qualify for development tax credits. These qualifying activities can become credits claimed that reduce your tax burden.
Boost Your Cash Flow
Securing an R&D tax credit allows your organization to turn revenue into profit, as these credits can offset the investment or maintenance costs of projects.
Drive Value For Shareholders
As profits increase, earnings per share rise. R&D credits incentivize innovation, enhancing your organization’s appeal to investors by demonstrating a commitment to growth and efficiency.
Recover Past Investments
Didn’t know you were eligible for specific credits in recent years? Our professionals secure R&D tax credits retroactively for up to three years of qualifying activities.
Reduce Payroll Taxes
As a start-up, investing in R&D tax services can help reduce your payroll taxes. This is a great way to support your business’s financial stability in its early stages.
Expert Guidance
Our R&D tax credit services team is experienced in navigating the tax landscape. Their guidance helps to simplify the complexities of claiming credits.
Customized Tax Solutions
We understand that every organization is unique. Our consultants tailor each tax credit strategy to fit your needs while maximizing benefits.
Turn your innovation into tax savings with the help of Eide Bailly.
Research & Development Tax Incentives Leadership
Jim DonovanCPA
Partner/National Tax Office