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 Philadelphia and across Pennsylvania 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.
Philadelphia R&D Credit Experience
JLK Rosenberger is a CPA firm that provides R&D tax credit study and consulting services to companies in Philadelphia and across Pennsylvania. 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 Philadelphia (PA)
About Philadelphia (PA)
Philadelphia’s business community is a vibrant and diverse ecosystem, reflecting the city’s rich history and its position as a major economic hub on the East Coast. The city is home to a mix of established industries and emerging sectors, with finance, healthcare, education, and technology playing key roles. Philadelphia’s financial sector is particularly robust, with a strong presence of banks, investment firms, and insurance companies. Healthcare is another dominant industry, anchored by world-renowned institutions like the University of Pennsylvania Health System and Jefferson Health, which also drive innovation in life sciences and biotechnology.
Contact Our Philadelphia R&D Credit Consultants
JLK Rosenberger provides R&D credit studies and consulting services to companies in Philadelphia and across Pennsylvania. Complete the form below and a member of our team will follow up with you shortly.
National Reach
JLK Rosenberger provides R&D tax credit consulting services to companies in Atlanta (GA), Boise (ID), Boston (MA), Charleston (SC), Chicago (IL), Dallas (TX), Denver (CO), Des Moines (IA), Detroit (MI), Indianapolis (IN), Las Vegas (NV), Lexington (KY), Los Angeles (CA), Miami (FL), Milwaukee (WI), Minneapolis (MN), Nashville (TN), New York (NY), Philadelphia (PA), Portland (OR), San Francisco (CA), Seattle (WA), and St. Louis (MO).