Many CPA firms are primarily concerned with preparing accurate financial statements and getting their clients’ taxes filed properly and on time. However, did you know that you have the opportunity to stand out amongst your peers by providing greater value to your clients? This can be done by successfully assisting your clients claim valuable Federal and State Research and Development (R&D) Tax Credits.
Often overlooked by CPA firms, R&D tax credits yield billions of dollars in Federal and State benefits to businesses across several different industries such as technology, manufacturing, software and many others. The Washington Post even estimated that R&D credits and related breaks help U.S. businesses save more than $12 billion a year! Unfortunately, almost 70% of businesses that qualify for R&D tax credits miss this valuable opportunity due to misconceptions about qualifying activities and insufficient resources to help with the documentation process.
Here is how you can help your clients succeed in claiming the credits.
BRS helps CPA firms offer value to their clients by allowing them to obtain and maximize R&D tax credits.
Even those CPA firms that are aware of the tax-saving potential of R&D tax credits, often do not possess the highly specialized understanding of the ever-changing requirements, and the experience to prepare unparalleled financial and technical supporting documentation to substantiate and defend a claim.
BRS offers these combined skills to CPAs and their clients. We work with CPAs and their clients nationwide to provide the specialized documentation needed in order to endorse their claim with confidence.
At BRS, we have developed a proven methodology that minimizes the client’s time and maximizes efficiency. We have the know-how and experience to work with their team to develop a clear and accurate history of development efforts, capture all eligible costs, recognize how to maximize the scope of qualifying activities when appropriate and prepare the technical supporting documentation needed to receive the money they deserve. And we do so in an efficient manner that minimizes disruption and provides a documented approach that benefits future planning.
Fill out the form on this page to learn more about the benefits of R&D tax credits, and a member of our team will be in touch with you. You may also call us at 781-640-6610.