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R&D Tax Credits


Our Approach

Many growing companies believe that they qualify for a research and development (R&D) tax credit. However, documenting R&D activities in a way that meets the stringent requirements of the IRS and state tax authorities isn’t easy. As a result, we find many firms don’t receive the R&D tax credit they deserve—or don’t qualify for an R&D tax credit at all.

Our R&D tax credit experts can work with your internal team to help you identify and effectively document qualified R&D activities. This close collaboration helps reduce your risk of not qualifying for this important tax credit.

Services

Depending on the needs of your organizations, we can provide varying service level options (i.e., full-scope analysis, limited-scope analysis, calculation or documentation only and reviews) for the following:

Sec. 41 Research Credit (R&D) Analysis

  • Identify and determine qualified research activities and related expenditures
  • Calculate available federal and state R&D tax credits
  • Document qualified research activities and expenditures with contemporaneous records for substantiation

Sec. 199 Domestic Production Activity Deduction (DPAD) Analysis

  • Identify and determine Domestic Production Gross Receipts (DPGR) and expenses/losses/deductions allocable to DPGR for Qualified Production Activities Income (QPAI)
  • Calculate DPAD

Experts

Resources

2015-tax-calendar-armanino
This summary of when various tax-related forms, payments and other actions are due will help you make sure you don’t miss any important 2017 tax deadlines.

2015 PATH Act Does More Than Extend Tax Breaks

On Dec. 18, the Senate passed the PATH Act. We provide a quick rundown of some of the key tax breaks that have been extended or made permanent for individuals and businesses.

ACA Reporting Deadlines Are On the Horizon

Now is the time for affected employers to begin assembling the necessary ACA information. This article details what information is required to complete Forms 1094 ...

Highway Funding Law Brings Important Tax Law Changes

The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 was signed into law on July 31; the 34th stopgap extension of transportation programs since 2009.

New Trade Law Hikes Penalties for Tax Reporting Errors

The Trade Preferences Extension Act of 2015 (TPEA) increases by as much as 150% the potential penalties for taxpayers that err in their ACA information reporting to the IRS or payees.

Work Opportunity Credits & Tangible Property: What Businesses Need to Know

The IRS recently released guidance on two major areas affecting businesses—the Work Opportunity Tax Credit (WOTC) and the tangible property regulations, and ...

Small Employers Get Transition Relief from ACA Excise Tax Penalties

The recently released ACA transition relief period for small employers (those with fewer than 50 full-time equivalent employees) includes 2014 and the first six m ...

New Guidance Clarifies Internal Use Software Eligibility for R&D Credit

The IRS and Treasury proposed regulations that provide a definition of software developed primarily for internal use and describe software not developed primarily ...

2015-tax-calendar-armanino

A summary of when various 2015 tax-related forms, payments and other activities are due for individuals and families, as well as businesses, corporations, partner ...

Businesses, Individuals Benefit from Latest Tax Relief Extender Law

On Dec. 16, the Senate passed the Tax Increase Prevention Act of 2014 (TIPA), a stopgap measure that retroactively extends certain tax relief provisions through Dec. 31, 2014.

FASB Issues Revenue Recognition Guidance for R&D Vendors

The Financial Accounting Standards Board (FASB) recently released Accounting Standards Update (ASU) 2010-17, Revenue Recognition — Milestone Method (Topic 605): Milestone Method of Revenue Recognition (a consensus ...