R&D Tax Credit

Research and Development Tax Credit Services

WTP can help your company maximize the value of the Research and Development Tax Credit (R&D credit), one of most significant tax benefits that businesses claim each year. We do this by identifying credit-eligible activities and quantifying the related qualified research expenditures.

Our multidisciplinary team includes professionals with science and engineering backgrounds who can “speak the language” of your research and development personnel. Our experts also have backgrounds in tax controversy and can provide critical evaluation of the documentation needed to sustain your R&D Credit and support your claim during IRS examination.

WTP’s in-depth R&D Tax Credit Services include:

Optimizing the credit by performing a comparative analysis of credits available under the regular R&D credit versus alternative credit regimes.
Generating a custom report tailored to the specific research and development activities of your organization and cross-referenced to the relevant contemporaneous documentation of your credit eligible activities.
Assessing your research and development processes to determine where efficiency can be added to the documentation and calculation of your annual R&D credit, adding value to your business for years to come.

You can benefit from WTP’s R&D Tax Credit Services if:

You are interested in claiming the R&D credit for the first time.
You have difficulty substantiating base period data from 1984-1988.
You have not been able to document the nexus between your “qualified research activities” and your “qualified research expenditures.”
You have not been able to meet the contemporaneous documentation requirements needed to support your R&D credit claim.
You recently had a significant portion of your R&D credit claim disallowed.
You are dissatisfied with the R&D credit calculation and support delivered by another professional services firm.
The nature of your business has changed due to growth or acquisition of additional business lines or products.
You have not recently reviewed your policies and procedures related to your R&D credit calculation.
You want to learn more about your eligibility for foreign and state credits for research and development activity.