Our solutions are tailored to each client’s strategic business drivers, technologies, corporate structure, and culture.
GIVING YOU THE GREATEST AVAILABLE ADVANTAGE
A broad range of improvements to products or processes can qualify your company for federal and state Research and Development (R&D) Tax Credits — particularly if you are a small business. Following an initial no-cost analysis, CohnReznick models available credits by year and jurisdiction, giving you the greatest available advantage. In addition, if unused credits are discovered, they can be carried forward or amended in prior year tax returns.Benefits of an R&D tax credit
Reduction in federal and state income tax liability
Improved cash flow
Increase in earnings-per-share
Reduction of effective tax rate
Credit carried forward up to 20 yearss
Ability to claim credits from prior years
Reduction in Payroll Tax (applicable to startup companies)
Qualifying activities
Development of new, improved, or more reliable products, processes, and techniques
Development of prototypes or models
Design of tools, jigs, molds, fixtures, and dyes
Development or customization of software (licensed or sold)
Improving processes or the manufacturability of a product
Creating more efficient and environmentally friendly designs
CAD or 3D Modeling
Supervising technical personnel engaged in R&D
Attempting to use new materials
Automation and/or streamlining of internal processes
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For companies that have not claimed R&D credits previously, our process is designed to maximize your credit benefit while mitigating exam risks. Recent changes in the law and new court cases are challenging to navigate. Our specialists focus on delivering sustainable credits.
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The R&D credit is extremely complex, even for the largest accounting firms. Technical errors or missed costs, including non-qualified costs, can ruin a claim. Our specialists can review your credit to help prioritize areas to improve.
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An exam can come anytime and require extensive time and resources from a company. With our experience with federal and local exams your company will be able to focus more on the business while we help guide the exam process to a successful.
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