Research & Development Tax Credits

Research & Development Tax Credits

Both Federal and State research and development tax credits reward companies based on their investment in developing new products and processes. However, one of the greatest misnomers involving these credits is that many companies do not think they qualify. To the contrary, these credits are not limited to companies that solely provide product development — they are equally applicable to companies that develop new processes including improved efficiencies. Likewise, companies may claim the credit even for products that they have developed to sell to their customers. In fact, many of our clients claim their credits based solely on what they invest in developing a new product or process for their customers.

McGuire Sponsel’s research and development tax credit practice conducts retroactive studies, current year engagements, and risk advisory services. Our professionals combine an understanding of tax law with engineering disciplines to maximize companies’ research credits and reduce their overall tax burdens. McGuire Sponsel provides documentation to withstand the highest level of IRS and state tax authority scrutiny.

Additional R&D Resources

Recent Articles

TJ Sponsel
Are you Integrating the PATH Act Changes this Tax Season?

As tax season gets into full swing, McGuire Sponsel wanted to take a moment to remind our partners and clients that this is the time to take advantage of the opportunities created by the Protecting Americans from Tax Hikes (PATH) […] Read More

How the PATH Act Affects R&D Tax Credits this Tax Season

Now that 9/15 has concluded, it’s time to start thinking about how the Protecting Americans from Tax Hikes (PATH) Act will affect R&D tax returns for 2016 and beyond. Recently, the IRS released drafts of several forms related to the […] Read More

TJ Sponsel
How your Clients are Impacted by the Internal Use Final Regs

On Oct. 4, 2016, the Internal Revenue Service (IRS) published T.D. 9786, final regulations that improve opportunities for businesses that engage in internal use software development to qualify and claim the R&D Tax Credit. These final regulations are effective for […] Read More

TJ Sponsel
An R&D Tax Credit Success Story: TCC

McGuire Sponsel would like to feature The Consultants Consortium, Inc. (TCC), a client that engaged us to conduct Research and Development (R&D) Tax Credit Studies.  TCC is a software development and implementation company that specializes in consulting services and IT […] Read More

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