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 Indianapolis and across Indiana 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.
Indiana R&D Credit Experience
JLK Rosenberger is a CPA firm that provides R&D tax credit study and consulting services to companies in Indianapolis and across Indiana. 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 Indianapolis (IN)
About Indianapolis (IN)
One of the key strengths of the Indianapolis business community is its strong focus on advanced manufacturing and logistics. The city is home to numerous manufacturing companies, particularly in sectors such as automotive, aerospace, defense, and machinery. Indianapolis benefits from its central location and excellent transportation infrastructure, making it an ideal hub for logistics, distribution, and supply chain management.
Indianapolis is also a center for life sciences and healthcare. The city is home to major pharmaceutical companies, medical device manufacturers, and research institutions. The Indiana University School of Medicine and the Indiana Biosciences Research Institute contribute to advancements in medical research, biotechnology, and healthcare delivery. The presence of these institutions has attracted investment and fostered a supportive ecosystem for life sciences businesses.
Contact Our Indianapolis R&D Credit Consultants
JLK Rosenberger provides R&D credit studies and consulting services to companies in Indianapolis and across Indiana. Complete the form below and a member of our team will follow up with you shortly.