R&D Tax Credit - Virginia

Schneider Downs is a Pittsburgh (PA) based Certified Public Accounting (CPA) Firm that serves clients in Arlington, Richmond and across Virginia. 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.

Virginia R&D Tax Credit Expertise

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

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 Incentive

Both federal and state tax credits exist to reward companies in Arlington, Richmond and across Virginia 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. 

National Reach

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

Contact Our Virginia R&D Tax Credit Experts

Schneider Downs is a Top 60 CPA firm that specializes in serving the tax needs of businesses in Richmond, Arlington and across Virginia. 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 Virginia

Virginia is a state worth paying attention to. The state’s GDP ranks 13-highest in the nation, while its poverty rate is 12th-lowest.  Virginia’s economy draws from several diverse sources—from government to tech to farming. The state also has the nation’s third highest concentration of technology workers. This is no small wonder, since Virginia’s average internet download speeds are the second highest in the country. But even though Virginia is the highest data center market nationwide and its top export is the computer chip, it’s not just tech that drives Virginia forward. The largest industry in Virginia is still its agriculture, and it’s also the country’s third-largest producer of seafood.