R&D Tax Credit Studies – Fargo (ND)

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 Fargo and North Dakota, 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.

Fargo R&D Credit Experience

JLK Rosenberger is a CPA firm that provides R&D tax credit study and consulting services to companies in Fargo and across North Dakota. 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

North Dakota Small Business Profile

About Fargo (ND)

One of the key strengths of the Fargo business community is its emphasis on entrepreneurship and innovation. The city has a robust startup ecosystem, with various resources and support organizations that nurture new businesses and foster innovation. Entities like Emerging Prairie and the North Dakota Small Business Development Center provide mentorship, networking opportunities, and access to funding for startups and entrepreneurs.

Fargo has a diverse economy that encompasses industries such as agriculture, manufacturing, technology, healthcare, and education. The city benefits from its proximity to abundant agricultural resources, supporting businesses engaged in agribusiness, food processing, and agricultural technology. Fargo is also home to manufacturing companies specializing in machinery, equipment, and precision manufacturing.

Contact Our Fargo R&D Credit Consultants

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