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 Newark and across New Jersey 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 Jersey R&D Credit Experience
JLK Rosenberger is a CPA firm that provides R&D tax credit study and consulting services to companies in Newark and across New Jersey. 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 Newark (NJ)
About Newark (NJ)
One of the key strengths of the Newark business community is its strategic location and transportation infrastructure. The city is home to Newark Liberty International Airport, one of the busiest airports in the United States, providing easy access to national and international markets. Additionally, Newark’s proximity to major highways and rail networks facilitates the movement of goods and people, making it an attractive location for logistics and distribution businesses.
Newark has a strong presence in industries such as finance, insurance, and real estate. The city is home to numerous financial institutions, including banks, investment firms, and insurance companies. The presence of these institutions contributes to the financial stability and growth of the city, creating employment opportunities and supporting economic development.
Contact Our Newark R&D Credit Consultants
JLK Rosenberger provides R&D credit studies and consulting services to companies in Newark and across New Jersey. Complete the form below and a member of our team will follow up with you shortly.