Sales Tax rates are going up in the State of Utah effective April 1, 2019.
As a result of the Utah voter approved Proposition 3, the statewide sales tax rate will be raised from 4.7 to 4.85 percent.

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Research and Development(R&D) Tax Credit Services

Research and Development(R&D) Tax Credit Services

CMP has invested a lot of time and resources in helping our clients understand and enjoy the benefits of the Research and Development 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 activity and products that qualify for the Research and Development 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:

  • Manufacturers
  • 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 on 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 use to properly claim the credit.

Too many taxpayers and advisors fail to take advantage of the tax benefits of, or fail to adequately analyze and document the qualification for this tax credit. CMP has the resources available to help ensure that you are in compliance when claiming this credit.

CMP has been our tax advisors for many years. They spend the time necessary to update themselves every year to understand the complex tax code changes and the impact it will have on their clients. Their insight, experience, and candor will steady and sustain the decisions you make financially in this critical part of your business life. I highly recommend you spend time getting to know the people in this professional organization, and the strength they will give to your business ventures.

LeGrand Bingham

Research and Development Tax Credit Services

Our specialized R&D Tax Credit services include the following:

rd-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.

  • 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.

  • Consulting

    Our consultation service covers everything from helping to ensure that applicable tax law compliance is met to record keeping and qualifying applicable business activities.

  • 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 credit, as well as to enhance compliance with applicable tax law.

Learn More About Our R&D Tax Credit Services

Our tax professionals can review and consult with you on whether your business qualifies for this unique tax benefit. Talk to our team today by calling (435) 750-5566 (Logan, UT) or (801) 467-4450 (Salt Lake City, UT).

Need Help? Let's Talk. Schedule Your Free Consultation Right Now.

R&D Tax Credit Advisors Profile

Jared Ripplinger
Jared Ripplinger
Location: Logan
Email: jripplinger@cookmartin.com
Phone: 435-750-5566
Fax: 435-787-4321
 

Learn More About Jared Ripplinger

Troy Martin
Troy Martin
Location: Logan
Email: troy@cookmartin.com
Phone: 435-750-5566
Fax: 435-787-4321
Mobile: 435-512-3276

Learn More About Troy Martin

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