At Strategic Tax Solutions, we simplify the process of accessing R&D Tax Credit funds, making it cost-effective, straightforward, and risk-free. We offer a free review of your tax returns and provide an estimate of your potential R&D Tax Credit savings before you ever commit to our services. If your company has developed a new product or process or improved an existing one, you may qualify for Research & Development Tax Credits.
Our team of experts at Strategic Tax Solutions can help you claim the R&D Tax Credits your business is entitled to. Here are just a few of the industries we've helped achieve significant tax savings.
-Engineering Services
- Software Developers
- Design Build Contractiors
- Chemichal Manufacturing
- Aerospace
- CNC Machining
- Architechtual Services
- Food and Beverage
- Construction
- Manufacturing
The R&D Tax Credit is a government incentive designed to encourage businesses to invest in innovation. It allows companies to claim tax credits for qualified research and development activities, including the development of new or improved products, processes, or software.
Any business that has developed or improved a product, process, or software may qualify for the R&D Tax Credit. It applies to a wide range of industries, including manufacturing, technology, engineering, construction, and more. If your business has faced uncertainty or used experimentation in the development or improvement of a product, process, or software, you may be eligible.
We provide tax services for a variety of businesses including sole proprietorships, partnerships, LLCs, S-corporations, and C-corporations.
Phase 1: Information Gathering – FREE
We begin by collecting essential information through interviews with key executives. Each interview typically takes 30-50 minutes, and we ensure maximum efficiency with thorough pre-visit planning. This process allows us to gather the necessary details to identify potential R&D Tax Credit opportunities for your business.
Phase 2: Quantitative Review and Approval
In this phase, Strategic Tax Solutions (STS) verifies and confirms all financial data to ensure accuracy. We thoroughly review and confirm the specific expense categories related to R&D activities. Additionally, we prepare a comprehensive summary that fully complies with both Federal and State Tax Credit guidelines, ensuring you meet all necessary requirements for claiming R&D Tax Credits.
Phase 3: Substantiation and Documentation
Strategic Tax Solutions (STS) handles the substantiation and documentation process, ensuring your company has all the necessary tracking systems and supporting documents in place. We work to verify and organize all the data required to substantiate your R&D Tax Credit claim, ensuring full compliance and a smooth filing process.
Phase 4: Final Calculations & Compliance
Strategic Tax Solutions (STS) completes and thoroughly reviews all R&D Tax Credit calculations, ensuring accuracy and compliance with all applicable regulations. We provide both your company and your CPA with the finalized R&D Tax Credit forms, ready for submission to the taxing authorities, ensuring a seamless process from start to finish.
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