At KatzAbosch, we know that over 50% of tax incentives and credits go unclaimed annually. In this fast-paced and ever-changing business environment, busy executives may overlook the multiple incentives and credits that are available to their specific businesses or industries. We want to ensure that every opportunity to reduce tax costs, accelerate deductions, improve cash flow and generate refunds is addressed.
Here are just some of the methods we use to help reduce your tax obligation:
RESEARCH AND DEVELOPMENT TAX CREDITS
Many companies believe that their company qualifies for a research and development (R&D) tax credit. However, documenting R&D activities in a way that meets the stringent IRS requirements or state taxing authorities is complicated and time consuming. As a result, companies may not receive the R&D credit they deserve or potentially even worse, do not qualify for R&D credit at all.
Some industries that often overlooked are:
The firm’s Research and Development Credit Group has helped numerous clients enhance their businesses through detailed assessments of their R&D activities maximize their R&D tax credits under federal and state laws. Contact us to learn how we can help you identify, claim and support these benefits.
Download our product sheet for more information