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 Portland and across Oregon 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.
Oregon R&D Credit Experience
JLK Rosenberger is a CPA firm that provides R&D tax credit study and consulting services to companies in Portland and across Oregon. 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 Portland (OR)
About Portland (OR)
One of the key strengths of the Portland business community is its commitment to sustainability and green initiatives. The city is known for its focus on environmental stewardship, with a strong emphasis on renewable energy, eco-friendly practices, and sustainable urban development. Portland attracts businesses in clean technology, green building, renewable energy, and sustainable manufacturing, creating a strong ecosystem for companies dedicated to environmental responsibility.
The technology sector is also thriving in Portland, with a growing number of tech startups and established technology companies. The city fosters innovation and collaboration through initiatives like the Portland Incubator Experiment (PIE) and the Technology Association of Oregon (TAO). Technology companies in Portland specialize in software development, digital marketing, e-commerce, and gaming, contributing to the city’s economic growth and job creation.
Contact Our Portland R&D Credit Consultants
JLK Rosenberger provides R&D credit studies and consulting services to companies in Portland and across Oregon. Complete the form below and a member of our team will follow up with you shortly.