Research and Development

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 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.

case studies

 
big problem:
A not-for-profit client out of 401(k) compliance.
big thinking:
Allowing more contributions by highly paid employees.
 
big problem:
Hackers attempting a six-figure wire transfer.
big thinking:
Rapid action spearheaded active containment and response.

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contact us

Map of Pittsburgh Office
Pittsburgh

One PPG Place, Suite 1700
Pittsburgh, PA 15222

contactsd@schneiderdowns.com
p:412.261.3644     f:412.261.4876

Map of Columbus Office
Columbus

65 East State Street, Suite 2000
Columbus, OH 43215

contactsd@schneiderdowns.com
p:614.621.4060     f:614.621.4062