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 Boise and across Idaho 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.
Idaho R&D Credit Experience
JLK Rosenberger is a CPA firm that provides R&D tax credit study and consulting services to companies in Boise and across Idaho. 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 Biose (ID)
About Boise (ID)
One of the key strengths of the Boise business community is its vibrant and growing technology sector. Known as the “Boise Tech Corridor,” the city is home to a thriving tech scene, with numerous technology companies and startups operating in areas such as software development, cybersecurity, data analytics, and semiconductor manufacturing. Boise’s tech industry benefits from a skilled and educated workforce, support from local universities and research institutions, and a collaborative entrepreneurial ecosystem.
Boise’s business community is also characterized by a strong focus on outdoor recreation and lifestyle-related industries. The city’s proximity to natural wonders, such as the Boise River, the Boise National Forest, and the nearby mountains, attracts businesses in outdoor recreation, tourism, and hospitality. Companies in these sectors offer services and products related to hiking, biking, skiing, camping, and adventure tourism, catering to both locals and visitors.
Contact Our Boise R&D Credit Consultants
JLK Rosenberger provides R&D credit studies and consulting services to companies in Boise and across Idaho. Complete the form below and a member of our team will follow up with you shortly.