CMP has invested a lot of time and resources in helping our clients understand and enjoy the benefits of the R&D Tax Credit (credit for increasing research activities). We have developed a series of training materials and resources that our clients can use to help identify opportunities to qualify for the R&D Tax Credit.
Any business that develops software, products, designs or other proprietary or unique new technologies, systems, or products should take a serious, in-depth look at their operations to see if they are eligible to take advantage of this incredible tax credit.
We have found that many of our clients in the following industries have at least some activities or products that qualify for the R&D Tax Credit:
- Machine Shops/ Tool & Die Makers
- Software Developers
- Providers of Cloud-Based Technology Services
- Biotechnology & Pharmaceutical Companies
- Chemical Laboratories
- Architecture & Engineering Service Providers
- Oil & Gas Exploration
- Telecommunication Companies
- Other Technology Companies
CMP has a system to help train our clients about this credit. We also consult with any business about credit eligibility, whether or not they are a client of ours. For those using another tax preparer for their income tax returns, we will provide a summary report that contains sufficient detail that the preparer can to properly claim the R&D Tax Credit.
Too many taxpayers and advisors fail to take advantage of the R&D Tax Credit or fail to adequately address and document the qualification. CMP has the resources available to help ensure that you are in compliance when claiming this credit.
R&D Tax Credit Services
Our specialized R&D Tax Credit services include the following:
R&D Tax Credit Basic Training
– We have developed training materials that we are happy to present to you or your business team regarding the qualification for and documentation required for claiming the credit.
R&D Tax Credit Basic Toolkit
– Our proprietary toolkit was developed in-house based on applicable tax code and client feedback, and has been successfully used by our clients to help document qualification for the credit, as well as to identify previously overlooked areas in which the credit has applied to their business operations.
R&D Tax Credit Consulting
– Our R&D Tax Credit consultation service covers everything from helping to ensure that applicable tax law compliance is met to record keeping and qualifying applicable business activities.
R&D Tax Credit Study and Report
– The CMP team can help you identify and document business activities that qualify for the R&D Tax Credit. This report contains all the detail needed to properly calculate the R&D Tax Credit, as well as to enhance compliance with applicable tax law.
R&D Tax Credit advisors profile