R&D Tax Credit - Utah

Schneider Downs is a Pittsburgh (PA) based Certified Public Accounting (CPA) Firm that serves clients in Salt Lake City, West Valley City, Provo and across Utah.

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.

Utah R&D Tax Credit Expertise

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

R&D Tax Incentives

Both federal and state tax credits exist to reward companies in Salt Lake City, West Valley City, Provo and across Utah 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 Pennsylvania, Ohio, Virginia, Michigan, Wisconsin, Illinois, South Carolina, Georgia, Florida, California, TexasNew Jersey, and many more.

Contact Our Utah R&D Tax Credit Experts

Schneider Downs is a Top 60 CPA firm that specializes in serving the tax needs of businesses in Salt Lake City, West Valley City, Provo and across Utah. 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 Utah

Utah isn’t slowing down. Since 2010, it’s had faster population growth than any other state—a trend that shows no sign of stopping. The state ranks among the best in terms of healthcare, education and infrastructure, and it boasts one of the lowest rates of income inequality in the country. Indeed, Utah’s diverse economy offers ample opportunities for employment in the transportation, information technology, research, government service, mining and tourism industries. And Utah is known for attracting business—it consistently ranks as one of the states that is friendliest to small business, and it famously attracts high-paying, high tech jobs. Utah’s five national parks also attract scores of tourists to the area. 

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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