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 Phoenix, Tucson, and across Arizona 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.
Phoenix R&D Credit Experience
JLK Rosenberger is a CPA firm that provides R&D tax credit study and consulting services to companies in Phoenix, Tucson, and across Arizona. 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 Phoenix (AZ)
About Phoenix (AZ)
One of the key strengths of the Phoenix business community is its thriving technology sector. The city has experienced significant growth in technology companies, startups, and innovation hubs. Companies in fields such as software development, cybersecurity, data analytics, and digital marketing have found success in Phoenix, attracting top talent and fostering collaboration. The city’s proximity to major universities and research institutions also contributes to the technology sector’s growth and advancement.
Phoenix is also a hub for healthcare and biomedical industries. The city boasts world-class medical facilities, research institutions, and biotech companies. The presence of major healthcare systems and a skilled healthcare workforce supports advancements in medical research, pharmaceuticals, and healthcare delivery. The city has become a destination for medical conferences and events, further enhancing its reputation in the healthcare field.
Contact Our Tucson R&D Credit Consultants
JLK Rosenberger provides R&D credit studies and consulting services to companies in Tucson, Phoenix, and across Arizona. Complete the form below and a member of our team will follow up with you shortly.