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 San Francisco and across California 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.
California R&D Credit Experience
JLK Rosenberger is a CPA firm that provides R&D tax credit study and consulting services to companies in Los Angeles and across California. 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 San Francisco (CA)
About San Francisco (CA)
The technology sector is a key driver of the San Francisco business community. Often referred to as the heart of Silicon Valley, the city is home to many renowned technology companies and startups. Giants like Apple, Google, Facebook, and Twitter have established their headquarters or significant operations in the region. The concentration of talent, venture capital, and entrepreneurial spirit has fueled technological innovation and has given rise to groundbreaking advancements in areas such as software development, artificial intelligence, biotechnology, and e-commerce.
San Francisco also has a strong presence in finance and professional services. The city’s financial district, known as the “Wall Street of the West,” houses major banks, investment firms, and financial service providers. Additionally, San Francisco is a hub for legal, consulting, and other professional services, with a thriving ecosystem of law firms, consulting firms, and creative agencies.
Contact Our San Francisco R&D Credit Consultants
JLK Rosenberger provides R&D credit studies and consulting services to companies in San Francisco and across California. Complete the form below and a member of our team will follow up with you shortly.