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 New York City and across New York 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.
New York R&D Credit Experience
JLK Rosenberger is a CPA firm that provides R&D tax credit study and consulting services to companies in New York City and across New York. 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 New York (NY)
About New York (NY)
One of the key strengths of the New York business community is its global financial center, located in Manhattan’s Financial District. Wall Street, the heart of the financial industry, is home to major banks, investment firms, and the New York Stock Exchange. The city attracts top talent from around the world, and its financial institutions drive economic growth and shape global markets.
New York City is also a major hub for media, advertising, and creative industries. It is home to many major media conglomerates, publishing houses, advertising agencies, and entertainment companies. The city’s thriving arts and cultural scene, including Broadway theaters and world-renowned museums, further contribute to the creative sector’s vitality and global influence.
Contact Our New York R&D Credit Consultants
JLK Rosenberger provides R&D credit studies and consulting services to companies in New York City and across New York. Complete the form below and a member of our team will follow up with you shortly.