Research Tax Credit Studies

The key to business growth is innovation. Innovation that requires investment of scarce resources in product development activities that are often expensive and high-risk.

Recognizing the importance of such investment, the research tax credit provides companies and/or their owners with a dollar-for-dollar reduction of a company’s tax liability.

Research tax credits are based on a taxpayer’s expenditures for activities that constitute qualified research as defined by statute. Significant tax benefits can be achieved through the credit; however, to successfully benefit, we recognize the importance of a well documented, supportable study. The client must have systems in place that not only capture the costs relative to the credit, but also provide credible substantiation for the credit and resultant study.

With assistance from professionals from Bentley Consulting, the exploration and implementation of a program that allows the taxpayer to effectively capture these expenditures can be quite rewarding, allowing you to reinvest the tax savings in your business.

To learn more about how a Research Tax Credit Study can help your business, contact: Leah Szlatenyi, CPA/ABV, CVA, MSPFP, MST at (401) 921-2005 or leah@BentleyCG.com.

As required by U.S. Treasury Regulations governing tax practice, Bentley Consulting Group, LLC informs you that any tax advice contained in this communication (including attachments) was not written or intended to be used for and cannot be used by the recipient or any taxpayer for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions.