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 Dallas and across Texas 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.
Texas R&D Credit Experience
JLK Rosenberger is a CPA firm that provides R&D tax credit study and consulting services to companies in Dallas and across Texas. 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 Dallas (TX)
About Dallas (TX)
One of the key strengths of the Dallas business community is its diverse economy. The city is home to a wide range of industries, including finance, technology, healthcare, manufacturing, telecommunications, transportation, and energy. Dallas has a strong presence in sectors such as banking, insurance, real estate, and professional services. The city’s central location, extensive transportation infrastructure, and business-friendly policies make it an attractive destination for businesses.
The technology sector in Dallas has experienced significant growth in recent years. The city has a thriving startup ecosystem and is home to numerous tech companies specializing in areas such as software development, telecommunications, cybersecurity, and fintech. Dallas benefits from its proximity to major research universities, such as the University of Texas at Dallas, which provide a skilled talent pool and support research and innovation.
Contact Our Dallas R&D Credit Consultants
JLK Rosenberger provides R&D credit studies and consulting services to companies in Dallas and across Texas. Complete the form below and a member of our team will follow up with you shortly.