Schneider Downs is a Pittsburgh (PA) based Certified Public Accounting (CPA) Firm that serves clients in Chicago, Aurora and across Illinois. Our team of tax professionals specialize 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.
At Schneider Downs, one of our specialties is aiding our clients, including those in Illinois, 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:
Both federal and state tax credits exist to reward companies in Chicago, Aurora and across Illinois 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 eligibility for both federal and state credits, to maximize your savings.
Schneider Downs’ tax professionals provide R&D Tax Credit services to companies located across the United States including those in Pennsylvania, Ohio, Michigan, Wisconsin, South Carolina, Georgia, Florida, California, Texas, New Jersey, Washington DC and many more.
Schneider Downs is a Top 60 CPA firm that specializes in serving the tax needs of businesses in Chicago, Aurora and across Illinois. 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.
Home to the famous city of Chicago, Illinois is the sixth most populous state in the country with over 12 million people. The state is known all over the world because of its culture, music and history. Many large companies, such as Walgreens, State Farm Insurance, Caterpillar and Allstate, all bring money and people into the state. Every year, the city of Chicago hosts a St Patrick’s day parade that is talked about all over. The parade has attracted over 50,000 people in pre-pandemic years. Chicago is also home to one of the tallest buildings in America, Willis Tower. Today Illinois is a major tourist destination in the Eastern United States.
Contact Our Experienced Team of R&D Tax Credit Professionals.
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Schneider Downs is a Top 60 independent Certified Public Accounting (CPA) firm providing accounting, tax, audit and consulting services to public and private companies, not-for-profit organizations and global companies. We also offer risk advisory, transaction advisory, digital consulting, wealth management, retirement plan solutions and investment banking services. Schneider Downs serves individuals and companies in Pennsylvania (PA), Ohio (OH), West Virginia (WV), New York (NY), Maryland (MD), metropolitan Washington (DC) and additional states in the United States with offices in Pittsburgh, PA, Columbus, OH, and McLean, VA.
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