Claiming R&D Tax Credits Now Cost Efficient for Smaller Manufacturers
Summary
Unfortunately, due to the level of complexity involved, the majority of the tax benefits currently go to the largest companies, generally those with the full time staff to pursue them.If your company has sales in excess of $3 million per year and want to investigate claiming R&D Tax Credits at either the Federal or state levels you may want to contact FortisTCS and see if your business profile qualifies for this new no upfront cost program.Instead of incurring large upfront expenses for engineering and accounting studies, FortisTCS has begun to provide the necessary services entirely on a contingency fee basis.Unfortunately, due to the level of complexity involved, the majority of the tax benefits currently go to the largest companies, generally those with the full time staff to pursue them.As some 35 states also have their own versions of the R&D credit programs, this can add additional complications to the process as many do not mirror the Federal standards for qualification.If your company has sales in excess of $3 million per year and want to investigate claiming R&D Tax Credits at either the Federal or state levels you may want to contact FortisTCS and see if your business profile qualifies for this new no upfront cost program.