Research and Development Tax Credits

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.

Research & Development 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:

• 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
• providing support with federal or state audits

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.

R&D Tax Credit Overviews

• R&D Tax Credit for Architecture
• R&D Tax Credit for Construction
• R&D Tax Credit for Electrical Contractors
• R&D Tax Credit for Engineering 
• R&D Tax Credit for Manufacturers
• R&D Tax Credit for Mechanical Contractors
• R&D Tax Credit for Plumbing Contractors
• R&D Tax Credit for Software and Technology

Additional Tax Credits and Incentive Services

• Cost Segregation Services
• PA Educational Improvement Tax Credits (EITC)
• State Credits and Incentives

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 www.schneiderdowns.com/tax-services.