The Research & Development (R&D) tax credit is the most significant of the few domestic tax credits remaining under current tax law — an important tool for maximizing a company’s value. Companies now also have the ability to apply for the new Alternative Simplified Tax Credit (ASC). The ASC is particularly beneficial to companies that have not reported research credits in the past or have reported nominal credits due to the burdensome base amount rules.

One challenge most companies face is developing and substantiating the required documentation. It’s a resource-intensive and highly specialized process. Another challenge is capturing all the global, federal and state R&D opportunities that exist. 

The Research & Development Tax Services team at Deloitte Tax LLP can help. Our specialists are full-time, highly experienced and uniquely qualified R&D tax incentives professionals, many of whom have held senior-level positions in the IRS. Working in tandem with multistate tax, international tax and transfer pricing groups from Deloitte Tax LLP, we can help improve your benefits and limit your exposure.

Our approach:

• We take a global view of your company’s operations, environment and culture, digging in deep to understand your areas of opportunity and exposure.
• We have extensive technical operational knowledge of specific industries.
• We have devised the methodology and proprietary technologies required to address your immediate needs while establishing the systems that enable you to perform the function in-house over time.
  

Learn more about our services: The Deloitte Tax LLP Difference in Research & Development.