Advise LLP provides R&D federal and state tax credit services. These credits are incentives to improve innovation and encourage risk-taking for companies that do business in the United States.

In general, a 13% return on investment can be obtained for qualified R&D expenditures. This means that a company that spends $100,000 in any given year on qualified R&D expenses, can capture $13,000 of R&D tax credits to reduce its taxes. In most cases, Advise LLP can help determine uncaptured qualified R&D expenditures. R&D tax credits are a dollar for dollar benefit and can instantly reduce federal and state taxes and improve cash flow. Credits are open for a span of three to four years, and amended tax returns may be filed to claim credits not previously determined.

Advise LLP helps provide services to review and determine qualified R&D expenditures, perform the federal and state credit calculation using the most appropriate method, and develop R&D accounting and documentation. We document the credits and have defended the credits with the appropriate taxing authorities.