R&D Tax Credit - Iowa

Schneider Downs is a Pittsburgh (PA) based Certified Public Accounting (CPA) Firm that serves clients in Des Moines, Cedar Rapids and across Iowa. 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.

Iowa R&D Tax Credit Expertise

At Schneider Downs, one of our specialties is aiding our clients, including those in Iowa, 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. 

R&D Tax Credit Services – Iowa

  • 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

R&D Tax Incentives

Both federal and state tax credits exist to reward companies in Des Moines, Cedar Rapids and across Iowa 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 Iowa R&D Tax Credit Experts

Schneider Downs is a Top 60 CPA firm that specializes in serving the tax needs of businesses in Des Moines, Cedar Rapids and across Iowa. 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 Iowa

Iowa plays it safe. In fact, it’s considered one of the safest U.S. states, and that’s not the only reason why residents may be drawn to live there. While originally a primarily agricultural state, Iowa’s economy largely diversified at the end of the 20th century, keeping it more secure than many other states during the Great Recession. Of course, agriculture does still play a role and food processing makes up a significant portion of the manufacturing sector, Iowa’s largest industry. Iowa’s finance and insurance industries are also strong, with over 6000 firms making their home in the state. More recently, renewable energy has become a major player in the Iowan economy. 

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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