An Off-Hand Conversation Yields $10,000+ In Savings — Maximizing the R&D Tax Credits

< 1 min read

Services: CFO

We work closely with our clients’ tax advisors, whether that is sharing our projections for the business for tax planning purposes or having strategic discussions around what is changing in the business so the tax advisor can help mitigate the tax liability. When we had an off-hand conversation with the CPA about the client, he mentioned that the client could qualify for R&D tax credits. We worked with the accounting staff to thoroughly review the financials and projects and came up with tens of thousands of dollars in tax credits. More than just an auditing exercise, we proposed a new structure for new contracts to allow them to claim the R&D credit in the future.

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