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 Seattle, Tacoma, and across Washington 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.
Washington R&D Credit Experience
JLK Rosenberger is a CPA firm that provides R&D tax credit study and consulting services to companies in Seattle, Tacoma, and across Washington. 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 Seattle (WA)
About Seattle (WA)
One of the key strengths of the Seattle business community is its prominent technology sector. The city is home to tech giants like Microsoft and Amazon, which have their headquarters in the region. This concentration of tech companies has not only fueled job growth but also created a supportive ecosystem for startups and entrepreneurs. Seattle is known for its vibrant startup culture, with numerous tech startups emerging and thriving in areas such as software development, cloud computing, artificial intelligence, and e-commerce.
Seattle is also renowned for its leadership in sustainable industries and environmental initiatives. The city is committed to sustainability and has embraced green technologies and practices, attracting companies in renewable energy, clean technology, and sustainable manufacturing. Seattle has a strong focus on reducing carbon emissions, promoting electric transportation, and building a more sustainable future.
Contact Our Seattle R&D Credit Consultants
JLK Rosenberger provides R&D credit studies and consulting services to companies in Seattle, Tacoma, and across Washington. Complete the form below and a member of our team will follow up with you shortly.