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 Charlotte and across North Carolina 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.
North Carolina R&D Credit Experience
JLK Rosenberger is a CPA firm that provides R&D tax credit study and consulting services to companies in Charlotte and across North Carolina. 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 Charlotte (NC)
About Charlotte (NC)
One of the key strengths of the Charlotte business community is its robust financial sector. The city is a major center for banking and finance, with several national and international banks, investment firms, and financial service providers having a presence in Charlotte. The city’s strong financial infrastructure, skilled workforce, and access to capital support the growth of the financial industry and drive economic activity.
Charlotte has also emerged as a hub for technology and innovation. The city has seen the rise of tech startups and established technology companies, particularly in areas such as software development, data analytics, cybersecurity, and financial technology. The presence of research universities, such as the University of North Carolina at Charlotte, contributes to a skilled talent pool and fosters collaboration between academia and industry.
Contact Our Charlotte R&D Credit Consultants
JLK Rosenberger provides R&D credit studies and consulting services to companies in Charlotte and across North Carolina. Complete the form below and a member of our team will follow up with you shortly.