On a dollar for dollar basis, the research tax credit is one of the most significant business tax incentives available to taxpayers today.

The complex rules associated with the research tax credit prevent many taxpayers who qualify for the credit from taking advantage of the credit. This is especially true for small and medium sized businesses that do not have the expertise or resources to compute the research tax credit. Many taxpayers who do take advantage of the credit can only do so if they hire outside tax advisers to compute the credit for them.

There is a small industry of tax advisers who specialize in the research tax credit. These tax advisers are often part of a small team within large and regional accounting firms or boutique tax consulting firms that specialize in the research tax credit. These tax advisers use varying methods to compute and document research tax credits. The process usually results in the creation of a technical report or research tax credit study.

We support tax advisers and taxpayers by providing the technical expertise needed to address advanced issues related to the research tax credit. This includes:

  • Providing technical consulting to tax firms and their clients,
  • Contract review for tax firms and their clients for the funded research rule, and
  • Assisting tax firms and their clients with IRS and state audits and appeals involving research tax credits

You can find out more about us at www.empoweredtax.com

Last Updated: 2/7/2017

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