R&D Credit Consulting
Finding ways to reduce costs and expenses while driving sales, profitability and growth is essential to success in business. Companies in Billings and across Montana navigate the success formula differently by adjusting operations, production, vendor contracts, and pricing strategies. Others focus on product variation, new product development, relationship management, and marketing programs. While useful, many are surprised to learn about the saving potential available through federal tax incentives including the Research & Development (R&D) tax credit. The credit is designed to incentivize innovation projects and provide a financial incentive to undertake such efforts. It features dollar-for-dollar savings against current year taxes and has both a carryforward and carryback feature. Despite its amazing potential, many businesses do not attempt to claim the credit because of various misconceptions about who can apply, qualifying activities, and restrictions.
Billings R&D Credit Experience
JLK Rosenberger is a CPA firm that provides R&D tax credit study and consulting services to companies in Billings and across Montana. We work with companies in several industries including agriculture, architecture, chemical, engineering, construction, electrical/mechanical contracting, life sciences, medical device, and technology. In many cases companies outside these industries also qualify for the credit as well, but it depends on the circumstances of the project.
Our team has years of experience identifying qualifying activities, reviewing expenses, and determining project eligibility. We turnkey the entire process from initial documentation to preparing the IRS submission to claim the credit. This includes an organizational review, background research, compilation of key reports and supporting documents, related interviews, and documentation preparation. From start to finish, our team stands ready to help you claim this significant tax-saving opportunity.
R&D Tax Credit Myths
Map of Billings (MT)
About Billings (MT)
One notable characteristic of the Billings business community is its strong emphasis on the energy sector. As Montana is rich in natural resources, including coal, oil, and natural gas, Billings has emerged as a center for energy production and distribution. Many companies in the area are involved in energy exploration, extraction, refining, and related services, contributing to the local economy and providing employment opportunities.
The healthcare industry also plays a significant role in the Billings business community. The city is home to multiple hospitals, clinics, and medical facilities that offer a wide range of healthcare services to the surrounding region. Additionally, healthcare education and research institutions contribute to the growth and innovation in this sector.
Contact Our Billings R&D Credit Consultants
JLK Rosenberger provides R&D credit studies and consulting services to companies in Billings and across Montana. Complete the form below and a member of our team will follow up with you shortly.