When it comes to choosing an R&D tax credit provider, the consultative approach makes all the difference. At GOAT.tax, we pride ourselves on investing time in comprehending our clients' histories, present business directions, and future growth goals. Our team of dedicated professionals, including CPAs, engineers, and attorneys, collectively boasts 305 years of R&D tax credit experience. We go beyond just the annual evaluation of a company's eligibility for the credit; we also offer ongoing recommendations to enhance the R&D tax credit process.
If you're in the process of evaluating R&D tax credit providers, consider the following top 10 questions to help you make an informed decision:
- How long has your firm been performing R&D tax credit studies, and how many studies have they completed?
- Does your firm employ degreed or professional engineers and attorneys with specific R&D tax credit experience?
- Does your firm perform R&D studies in the USA, or do they subcontract to a third party or overseas?
- How does your provider assess their fee? Is it fixed based on project scope or a percentage of the variable benefit?
- Will your firm defend its work in the event of an audit, and is this defense included in the fee?
- Does your firm offer a no-cost feasibility analysis conducted by a senior R&D technical professional?
- Does your firm provide a consistent team year over year, ensuring familiarity with your business and an efficient R&D tax credit study process?
- Does your firm recognize and offer other tax incentive strategies that could potentially offer additional savings?
Always ask for references and make sure to follow up with them to gauge the provider's reputation and client satisfaction.
At GOAT.tax, our industry-leading R&D tax credit team has earned the trust of business owners and tax professionals nationwide. Contact a GOAT.tax representative today to discover why our services are relied upon for R&D tax credit needs.
Automated Software vs. Traditional R&D Tax Credit Consulting
GOAT.tax was created to educate businesses on the R&D tax credit and help those who qualify successfully claim it on their own. Our nationwide team has over 350 years of collective R&D tax credit experience, and our mission is to take the guesswork out of this credit so you can focus on your core business.
The Three Types of Research and Development
Businesses should consider claiming the Research and Development tax credit for various reasons, but eligibility must be determined and three types of R&D align with the business's nature.
Common Challenges When Claiming R&D Tax Credits
Although claiming this credit can offer considerable benefits for companies engaged in R&D efforts, the process can be challenging.