PRIMARY CONTACT: Ross S. Alessandro III CPA
With increased global competition, companies are forced to find new and innovative products to expand and maintain their customer base. However, the quest for new products almost always requires the considerable expense of research and development. At Schneider Downs, we can help you to make the most of your investment.
Both federal and state tax credits exist to reward companies for investing in Research and Development (R&D). The federal credit can net as much as 10% of actual expenditures, and many states, including Pennsylvania, also offer a credit for research. Additionally, new tax rules (post-2006) might make it easier for your company to claim a Federal R&D tax credit.
At Schneider Downs, we can help to review your current Research & Development Tax Credit calculation or conduct an R&D Tax Credit Study to determine the amount of any potential credits. We can facilitate your company’s accounting and application for this credit by:
Our professionals have significant experience in conducting R&D studies for a variety of industries, including manufacturing, software development, metal production and chemical products. Let us help you to make the most of your investment.
Additional Tax Credits and Incentive Services
About Schneider Downs Tax Advisors
With one of the largest regional tax practices in the country, Schneider Downs Tax Advisors’ personal focus on clients and in-depth understanding of current issues ensures that clients are complying with tax filing requirements and maximizing tax benefits. Our industry knowledge and focus ensures delivery of technical tax strategies which can be implemented as practical business initiatives. Learn more at Tax Services.
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Schneider Downs is a Top 60 independent Certified Public Accounting (CPA) firm providing accounting, tax, audit and business advisory services to public and private companies, not-for-profit organizations and global companies. We also offer Internal Audit; Technology Consulting; Software Solutions; Personal Financial Services; Retirement Plan Solutions and Corporate Finance Services. Schneider Downs is the 13th largest accounting firm in the Mid-Atlantic region and serves individuals and companies in Pennsylvania (PA), Ohio (OH), West Virginia (WV), New York (NY), Maryland (MD), and additional states in the United States with offices in Pittsburgh, PA, Columbus, OH, and McLean, VA.
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