Partner with Aprio for a ready source of cash with confidence. Our dedicated team can help you increase cash flow, boost profitability or fund innovation through the skillful application of federal and state R&D tax credits.GET IN TOUCH
Aprio offers outcome driven full-service studies and audit defense of the Federal and State Credits for Increasing Research Activities (R&D Tax Credits).
R&D Tax Credits result in an immediate benefit to a company by reducing, current and future years’ federal tax liability—creating a ready source of cash. The credit provides a dollar-for-dollar offset against taxes owed or paid, which differs from a deduction.
Aprio offers full-service studies and audit defense of the Federal and State Credits for Increasing Research Activities (R&D Tax Credits). Our team also offers comprehensive international R&D services. These include services relating to Canada’s Scientific Research and Experimental Development (SR&ED) tax incentive program, as well as R&D tax credits for companies operating in the United Kingdom.
Starting in the 2016 tax year, the credit can be used to offset Alternative Minimum Tax and payroll withholding in certain circumstances. As one of the largest research and development tax credit practices in the southeast, Aprio’s dedicated research and development tax credit team works exclusively on R&D Tax Credits, providing unparalleled expertise to help clients maximize the benefits of these valuable tax credits.
R&D Tax Credits result in an immediate benefit to a company by reducing current and future years' federal tax liability- creating a ready source of cash. The credit provides a dollar-for-dollar offset against taxes owed or paid, which differs from a deduction.
Aprio performs hundreds of R&D Tax Credit studies each year, for companies performing R&D all over the country. These credits can provide your company with savings that can be reinvested into your business or used to improve your bottom line.
Educating clients is one of Aprio’s specialties. We work closely with you to make sure the R&D tax credit is right for your business and is in alignment with your current tax strategy and business goals. Here are some of the questions that we answer every day.
Any company that designs, develops or improves products, processes, techniques, formulas or software may be eligible. R&D relates to development before commercial production for related U.S. activities. Every year, companies leave billions of dollars in potential savings on the table because they either don’t think the credits apply to their business activities, or they fear that claiming these credits will make their companies susceptible to audit. This makes this R&D tax incentive one of the most overlooked and misunderstood tax credits out there today.
Aprio performed 700 R&D studies in 2019 successfully generated $1 Billion in tax credits. Contact our practice managers for a consult and to discuss the risks associated with claiming R&D tax credits.
Aprio serves many industry segments and the following can claim the credit:
Software and technology
If your team uses an iterative process based on hard sciences such as engineering or computer sciences, your employees’ time qualifies. The time of staff performing direct research & development activities including direct technical supervision and support qualifies for the credit.
Any consumable materials used in the process can also be applied to the credit. This means that many of the everyday activities and expenses that your business engages in may qualify you for this valuable tax credit. The money you save can be reinvested to develop new products, offset operating costs or hire strategic talent.
Of course. Aprio partners with tax teams and other CPA firms all the time! We’ll work closely with your tax team to determine if these credits are a good fit for your company. Aprio’s proven methodology leverages our expertise in the credit calculation and the reporting of substantive documentation to maximize the credit benefit to you.
Our tagline says it all. We are "passionate for what's next". Whatever lies ahead for your business, Aprio stands ready to help you advance. Our clients benefit from a proactive team of specialists that collaborate to build value, drive growth, manage risk and protect wealth,