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 Nashville and across Tennessee 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.
Tennessee R&D Credit Experience
JLK Rosenberger is a CPA firm that provides R&D tax credit study and consulting services to companies in Nashville and across Tennessee. 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 Nashville (TN)
About Nashville (TN)
One of the key strengths of the Nashville business community is its prominence in the music and entertainment industry. The city is a hub for songwriters, musicians, and recording studios, attracting talent from around the world. Nashville is home to major music labels, publishing companies, and venues, making it a center for music production, live performances, and the development of new talent. The city’s annual events, such as the CMA Music Festival and the Americana Music Festival, further contribute to its reputation as a global music destination.
Nashville has also experienced significant growth in the healthcare sector. The city is home to several renowned medical centers, research institutions, and healthcare service providers. The healthcare industry in Nashville encompasses a wide range of services, including hospitals, clinics, pharmaceutical companies, health technology, and healthcare management. The presence of these institutions has led to job creation, research advancements, and the development of innovative healthcare solutions.
Contact Our Nashville R&D Credit Consultants
JLK Rosenberger provides R&D credit studies and consulting services to companies in Nashville and across Tennessee. Complete the form below and a member of our team will follow up with you shortly.