The Research & Development Tax Credit program is a Federal tax incentive that permits companies to earn Tax Credits upon incurring qualified R&D expenditures. While there is a specific four-part test to determine R&D project eligibility, generally companies that create or improve products or processes as part of their business will qualify for R&D Tax Credits in some capacity. Depending on the specific method selected, Federal R&D Tax Credits are generally in the range of approximately 6% of the qualified research expenditures (QRE's). In addition, many States offer their own R&D Tax Credits, which augment those available at the Federal level. R&D Tax Credits earned by a company can be offset against current, future and past taxes paid. Most profitable companies receive a refund of installments or prior taxes paid upon filing their first R&D Tax Credit claim, and credits earned in subsequent tax years are applied to offset taxes otherwise owing.

Services Through its twenty years of experience, R&D has developed checklists and guidelines to ensure that claims are complete and accurate. The checklists cover all aspects of the R&D claim, including areas where most companies miss out on claiming projects, activities or costs. With respect to companies that have prepared R&D claims in the past without RDP’s assistance, RDP focuses on what the company has not claimed. Again, through use of our checklists, guidelines and experience, RDP has historically increased claims in over 70% of the cases reviewed. Experience One of the critical areas of ensuring that a claim is successfully processed relates to dealing with government tax officials on a review of a R&D claim. RDP’s experience and professional manner ensure a smooth review. RDP knows the rules and has been through many government reviews, providing us with the experience to work with government officials effectively. RDP will also work with companies to build a process internally, to identify, capture and document all R&D projects, activities and costs. In the long run, installing these systems with RDP’s assistance ensures supportable claims that are facilitated by a system that eases the burden of filing a claim.

Results

The Innovation Connection is a program that helps you connect your innovation with your bottom line. Created by RDP Associates ltd., The Innovation Connection is for growth-oriented corporations that are focused on technology improvements and are looking to seize and maximize opportunities that will increase cash and profits.

As a client of RDP we work together to help you create a clear and well-defined vision of the future. As a result, you will have a strategy in place to achieve your goals. You take advantage of all R&D opportunities. You are maximizing and optimizing your claims. You are on top of your claims. You have the best expertise to identify, document and capture R&D. You are clear about eligibility and process. You have buy-in from management and staff. Most importantly, you have a trusted advisor who is helping you plan and invest in your future. As a result, your company's reputation is growing as an industry leader