 Tax Incentives & Credits

The Research and Development (R&D) Tax Credit is a government-sponsored benefit that provides cash incentives for companies conducting R&D in the U.S. These economic incentives were implemented to stimulate research and development in industries of all sizes to encourage companies to work together and transform the economic landscape.

The R&D Tax Credit is for businesses of all sizes, not just major corporations with research labs. Many companies are unaware that they qualify. Like any other tax credit, this is an immediate source of cash as well as a significant reduction to current and future years’ federal and state tax liabilities.

RP&B CPAs has identified Research & Development Tax Credits for companies in a wide array of industries. Client benefits of R&D Tax Credit reviews include realizing hundreds of thousands of dollars of tax credits, resulting in cash back from the IRS; permanent tax savings and financial statement benefit; creating a vehicle to realize additional tax savings in future years; increased market value, earnings power and cash flows of their businesses; and a lowered effective tax rate. To see if you qualify for a state or federal R&D Tax Credit, contact us today.