Research & Development

Your company’s research & development (R&D) activity could produce  significant federal & state tax savings.  Identifying “who”, “what” and “when” under this complex credit requires in depth knowledge usually reserved for companies employing “Big 4” tax firms.  Our team utilizes years of experience, expertise and a proven methodology to simplify the complex regulations allowing small and mid-size companies to take advantage of a great tax savings opportunity. 

By converting qualified research expenses to tax credits the tax benefit more than doubles.  In addition, recent regulation changes now allow companies to offset payroll taxes and alternative minimum tax with the R&D tax credits.

If your company has spent time and energy to create or improve your product or looked for ways to produce it better, faster or cheaper, then you may have qualifying research & development. 

Activities that earn R&D credits:

  • Developing a new product or process
  • Improving an existing product or process

Expenses that qualify:

  • Wages
  • Supplies
  • Contract Services

Top reasons businesses miss research credits:

  • Complex regulations outlining qualified activity
  • Difficulties supporting past activity
  • Three different calculation methods
  • Difficulties understanding what qualifies for credits

Industries Served:

  • Manufacturing
  • Life Science
  • Computer/Software
  • Entertainment
  • Government Contractors
  • Food Industry
  • Apparel and Textiles

Please contact Bernie Paramo at 562.249.6010 or with any questions.