3 Corporate Tax Management Cost Saving Strategies to Consider
Growing multinational companies juggle many tax responsibilities. Here are some tips for keeping all the balls in the air.
Recent regulatory changes make it more favorable than ever for corporate taxpayers to claim research and development (R&D) tax credits at the Federal, state, and international levels. Companies across all industries stand to claim substantial savings. Yet many understate and under-document their credits, losing some or all of them.
R&D tax credits provide permanent benefits, today and in the future, to reduce the tax burden and generate cash flow. Qualifying businesses are even able to offset payroll tax utilizing R&D credits, and some states allow R&D credits to be transferred or sold, generating additional cash to help grow your business.
GTM’s R&D Tax Credit Services Practice focuses on R&D tax credits, incentives, and deductions at the federal, state, and international levels.
GTM leverages streamlined methodologies to conduct interviews and gather documentation more efficiently. This ensures that the information collected is what auditors are looking for to substantiate an exam while providing a greater return on investment.
Whether your company is looking to claim R&D tax credits for the first time, or you are already claiming R&D credits, GTM can help on both fronts.
When the Tax Cuts and Jobs Act (TCJA) became law
Location Planning for R&D Tax Incentives Multinational enterprises understand that