Accounting and Auditing Services | Tax Services | Specialized Services

Specialized Services - Research and Development (R&D) Credits

An R&D tax credit is a dollar-for-dollar credit against a company’s or individual’s federal and sometimes, state taxes. It is a credit for time and expenses already incurred by the company for efforts to develop a new product, design a new machine or continually improve their processes. An R&D study performed by John Gerlach & Company will generate the maximum benefit available, along with providing the proper supporting documentation.

Could your company benefit from an R&D study?

A manufacturing company may benefit from an R&D study if any of the following are evident:

• Possess in-house engineering departments
• Engineers' jobs mainly consist of developing new products or designing new processes
• Large consulting fees
• Regularly contains outside development costs for new products or processes
• Large equipment purchases
• Frequently require significant development and significant modifications to current machinery or processes
• Additions to the company's product mix often are developed by the company or require significant process development
• Significant increases in gross profit margins that may be a result of new process development

Cost Segregation | Accounting Department Outsourcing | Merger & Acquisition Services | Succession Planning | Strategic Consulting | Research and experimentation (R&D) tax credit studies | Domestic Production Activities Deduction