Taxes are one of the certainties in life for any business, but there is a difference between paying a fair share and over-paying.  Are you taking advantage of all the tax incentives available to you? Are you claiming all of the available IRS-approved tax credits for qualified research expenses? Unfortunately, understanding taxes means understanding a constantly shifting tax code and tax authority.

We can help.
The Tax Minimization Services of Deloitte Consulting LLP is an organization with more than 125 professionals who understand the tax implications of research and development operations, and we can help you realize more value from them.

Key services

• R&D Activity Tax Credit Qualification Assessments
• Tax Credit and Deduction Identification
• Application Preparation
• Systems Design for On-going R&D Claims

Deloitte’s advantages

• Specialists focused on R&D incentives that can capture non-traditional benefits;
• Recognized experts in IRS practice and procedure;
• Proven, comprehensive methodologies and tools;
• Independent Quality Assurance function;
• Broad industry experience.

Our approach
Through a complete understanding of the tax code and its effect on business operations, we identify qualified R&D activities and expenses, develop documentation, defend the claim and structure prospective methodologies for our clients. We suggest processes to address not only the technical issues, but also methodologies for data gathering, documentation and cost collection to make the R&D claim process less onerous. Our approach generally encompasses two broad areas of action:

R&D activity evaluation

• Assess R&D position and methodologies;
• Target current research and development activities;
• Analyze qualified activities and associated costs;
• Collect documentation to support R&D claims;
• Evaluate tax relevance of each activity with key technical personnel.

Cost analysis and tax credit recommendation

• Baseline existing R&D activity expense profile;
• Identify additional qualified expenses associated with current R&D activities;
• Find exposure items and opportunity areas;
• Review activities not currently included in tax credit calculations;
• Recommend additional tax credits from new incentives, additional opportunities, and other tax areas.