R&D Tax Credit - Idaho

Schneider Downs is a Pittsburgh (PA) based Certified Public Accounting (CPA) Firm that serves clients in Boise City, Meridian and across Idaho. Our team of tax professionals specializes in helping companies achieve tax savings, and we have extensive experience determining organizational activities that qualify for the R&D Tax Credit.

Faced with international competition, organizations must continually invest in developing new and innovative products to expand and maintain their customer base. The R&D Tax Credit is a powerful opportunity for savings and offers an advantage to companies that incur considerable research and development expenses to remain competitive in an increasingly global market. At Schneider Downs, we’re experts at helping our clients evaluate their eligibility for the R&D Tax Credit, to make the most of their investment.

 

Idaho R&D Tax Credit Expertise

At Schneider Downs, one of our specialties is aiding our clients, including those in Idaho, in exploring ways to claim the R&D Tax Credit. We have significant experience conducting R&D studies for a variety of industries, including manufacturing, construction, transportation and logistics, engineering, software development, and chemical products. We can help to review your current R&D Tax Credit calculation or conduct an R&D Tax Credit Study to determine the amount of any potential savings. 

We can also facilitate your company’s accounting and application for the R&D Tax Credit by:

  • Assisting your staff in identifying the qualifying R&D activities
  • Gathering and documenting the related costs
  • Detailing the state tax benefits that may be available
  • Preparing any required tax filings, including how to file Form 6765
  • Providing support with federal or state audits

Federal R&D Tax Credits

Both federal and state tax credits exist to reward companies in Boise City, Meridian and across Idaho for investing in Research and Development. Federal R&D Tax Credits can net as much as 10% of actual expenditures. Additionally, new tax rules (post-2006) might make it easier for your company to claim Federal R&D tax credits. At Schneider Downs, we will evaluate your federal and state credit eligibility to maximize your savings.

National Reach

Schneider Downs’ tax professionals provide R&D Tax Credit services to companies located across the United States including those in PennsylvaniaOhio, Michigan, Wisconsin, Illinois, South Carolina, Georgia, Florida, California, TexasNew Jersey, Washington DC and many more.

Contact Our Idaho R&D Tax Credit Experts

Schneider Downs is a Top 60 CPA firm that specializes in serving the tax needs of businesses in Boise City, Meridian and across Idaho. If you have questions or would like additional information on how we can help you with the R&D Tax Credit, please complete the form to the right and a team member will promptly follow up with you.

About Idaho

It’s full steam ahead in Idaho. The state’s industrial economy is growing, and high-tech products are spearheading the charge. Over 25% of the 14th largest state’s GDP comes from the technology and science sector, which account for a majority of its exports. Other industries, such as manufacturing, food processing, forestry and agriculture have significant roles to play as well. The state boasts an agricultural sector responsible for providing about a third of the country’s potatoes. And of course, tourism is also an important industry for Idaho, whose natural beauty earned it the official title of the “Gem State.” 

5 Things You May Not Know About the R&D Tax Credit

Whitepaper - 5 Things You May Not Know About the R&D Tax Credit.

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