PRIMARY CONTACT: Ross S. Alessandro III CPA
With increased global competition, companies are forced to find new and innovative products to expand and maintain their customer base. However, the quest for new products almost always requires the considerable expense of research and development. At Schneider Downs, we can help you to make the most of your investment.
Both federal and state tax credits exist to reward companies for investing in Research and Development (R&D). The federal credit can net as much as 10% of actual expenditures, and many states, including Pennsylvania, also offer a credit for research. Additionally, new tax rules (post-2006) might make it easier for your company to claim a Federal R&D tax credit.
At Schneider Downs, we can help to review your current Research & Development Tax Credit calculation or conduct an R&D Tax Credit Study to determine the amount of any potential credits. We can facilitate your company’s accounting and application for this credit by:
Our professionals have significant experience in conducting R&D studies for a variety of industries, including manufacturing, software development, metal production and chemical products. Let us help you to make the most of your investment.
Additional Tax Credits and Incentive Services
About Schneider Downs Tax Advisors
With one of the largest regional tax practices in the country, Schneider Downs Tax Advisors’ personal focus on clients and in-depth understanding of current issues ensures that clients are complying with tax filing requirements and maximizing tax benefits. Our industry knowledge and focus ensures delivery of technical tax strategies which can be implemented as practical business initiatives. Learn more at Tax Services.
Big Problem: Company Impacted By Ransomware.
Big Thinking: Restore System On-site And Avoid Six-figure Ransom.
Big Problem: Inefficient Tax Credit Realization.
Big Thinking: Identified A $900,000 Tax Credit, Nearly Twice As Much As Prior Years.
Before June 18, 2024, no one would have imagined that cyber criminals could compromise an industry leader like CDK and…
Read More >On June 21, 2024, the IRS announced enhancements to public access of Form 990 series data on the new Tax…
Read More >“Risk comes from not knowing what you are doing.”– Warren Buffet A risk management framework is an ongoing process of…
Read More >Emerging Markets (EM) sometimes can feel like the forgotten middle child within the greater equity asset class as performance over…
Read More >With the release of the 2024 Compliance Supplement from the Office of Management and Budget (Supplement), there are changes to…
Read More >Receive all the latest insights and industry tips.
Schneider Downs is a Top 60 independent Certified Public Accounting (CPA) firm providing accounting, tax, audit and business advisory services to public and private companies, not-for-profit organizations and global companies. We also offer Internal Audit; Technology Consulting; Software Solutions; Personal Financial Services; Retirement Plan Solutions and Corporate Finance Services. Schneider Downs is the 13th largest accounting firm in the Mid-Atlantic region and serves individuals and companies in Pennsylvania (PA), Ohio (OH), West Virginia (WV), New York (NY), Maryland (MD), and additional states in the United States with offices in Pittsburgh, PA, Columbus, OH, and McLean, VA.
© 2024 Schneider Downs & Co., Inc. Maryland license number 35239.
Every moment counts. For urgent requests, contact the Schneider Downs digital forensics and incident response team at 1-800-993-8937. For all other requests, please complete the form below.
"*" indicates required fields