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 Omaha and across Nebraska 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.
Nebraska R&D Credit Experience
JLK Rosenberger is a CPA firm that provides R&D tax credit study and consulting services to companies in Omaha and across Nebraska. 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 Omaha (NE)
About Omaha (NE)
One of the key strengths of the Omaha business community is its robust finance and insurance sector. The city is home to several national and regional banks, investment firms, and insurance companies. Omaha has a strong presence in areas such as banking, wealth management, insurance services, and financial technology. The presence of major financial institutions and a skilled workforce in finance contributes to Omaha’s status as a financial center in the Midwest.
Omaha has a diverse economy with a strong emphasis on agriculture and agribusiness. The city is strategically located in the heart of the agricultural belt, and many agribusiness companies, including food processors and agricultural equipment manufacturers, have a significant presence in the region. Omaha’s agricultural industry supports the local economy, creates employment opportunities, and contributes to the global food supply chain.
Contact Our Omaha R&D Credit Consultants
JLK Rosenberger provides R&D credit studies and consulting services to companies in Omaha and across Nebraska. Complete the form below and a member of our team will follow up with you shortly.