R&D Tax Credit Studies – Boston (MA)

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 Boston and across Massachusetts 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.

Massachusetts R&D Credit Experience

JLK Rosenberger is a CPA firm that provides R&D tax credit study and consulting services to companies in Boston and across Massachusetts. 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 Boston (MA)

About Boston (MA)

One of the key strengths of the Boston business community is its renowned academic institutions. The city is home to prestigious universities, such as Harvard University and Massachusetts Institute of Technology (MIT), which not only provide a highly skilled and educated workforce but also drive innovation and research. The collaboration between academia and industry has led to the development of numerous successful startups and groundbreaking technologies.

The technology sector is a major driver of the Boston business community. Often referred to as the “Silicon Valley of the East,” Boston has a thriving tech scene, particularly in areas such as software development, biotechnology, healthcare technology, and robotics. The city attracts venture capital investment and fosters an environment conducive to entrepreneurial growth, supporting the creation and expansion of tech startups.

Contact Our Boston R&D Credit Consultants

JLK Rosenberger provides R&D credit studies and consulting services to companies in Boston and across Massachusetts. Complete the form below and a member of our team will follow up with you shortly.