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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 Calculator is a quick way to analyze your company’s data and identify opportunities to increase cash flow through R&D Tax Credits. Results will be returned to you via the email address you provided within a few minutes of your submission.
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.
Often the upfront investments made by life sciences companies to create new drugs, chemical compounds, or medical devices are significant and can generate substantial opportunities to recoup costs in the form of R&D tax credits.
Manufacturing companies play a major role in developing and improving products and manufacturing processes to maximize efficiencies and reduce waste, often utilizing new technologies to stay competitive.
Budget constraints and talent shortages often leave domestic and multinational companies lacking in dedicated in-house resources that have the time or proficiency to manage the R&D tax, cost segregation, and other credits and incentives functions.
GTM addresses your R&D tax needs without adding full-time overhead to your business. Our team of R&D tax consultants work side-by-side with you to identify and maximize key savings opportunities wherever you are, whether local, national, or international. We can help you avoid paying unnecessary taxes, obtain tax refunds, manage operational costs, and enhance the economic value of company initiatives.
In his latest article for GTM’s Tax Insights, Managing Director Jonathan Forman assesses the tax impact of the new Section 174 rules; how to mitigate…
When companies can’t use their R&D Credits, they often choose not to calculate them, and do not claim them on original tax returns. Until recently,…
The R&D tax world anticipated significant court case rulings, potential legislative changes, and increased opportunities to maximize tax savings. We may have been disappointed when…
R&D tax credits provide permanent benefits to reduce the tax burden and generate cash flow. However, some companies find themselves with more credit than they…
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