Research and Development (R&D) Tax Credit at SK Tax Addison
The R&D Tax Credit is a valuable incentive for U.S. companies investing in innovation, especially in IT, manufacturing, and research. Businesses can claim credits for up to four years; for example, one of our IT clients with 25 employees claimed $200,000 for 2020. This credit helps improve cash flow, allowing companies to reinvest in research, hire new staff, and drive growth.
At SK Tax Addison, our team of CPAs is dedicated to helping you maximize your R&D tax credits. We assist in identifying eligible expenditures and navigating the filing process to ensure you receive the maximum benefits. With extensive experience in processing over half a billion dollars in grants and tax credits, we can support your business effectively. If you’re interested in our services, visit us in Hoffman Estates, Palatine, Arlington Heights, and surrounding areas. Apply now to benefit from your innovations!
How We Handle R&D Tax Credit Services
Eligibility Assessment
We conduct thorough assessments to identify projects and activities that qualify for R&D tax credits, ensuring you maximize your claims.
Documentation Support
Our team assists you in gathering and organizing the necessary documentation to support your claims, ensuring compliance and accuracy.
Credit Calculation
We meticulously calculate eligible expenses to ensure you receive the maximum tax credits available, enhancing your financial position.
Claim Preparation
We prepare all necessary documentation and filings required to claim your R&D tax credits, simplifying the process for you.
Compliance Assurance
We ensure that all claims comply with relevant tax laws and regulations, reducing the risk of audits or penalties.
Ongoing Consultation
Our relationship doesn’t end with the claim; we provide ongoing consultation to help you identify future R&D opportunities and maximize benefits.
Our expert
Our R&D tax credit expert specializes in maximizing benefits for your innovation efforts. With extensive knowledge of qualifying activities and compliance requirements, they provide tailored strategies to reduce your tax burden and boost cash flow, empowering your business to invest in groundbreaking developments confidently.
