Unlock Innovation with Federal & State R&D Tax Credits
Research and development tax credits—both federal and state—are powerful incentives designed to reward businesses for investing in innovation. Whether you’re developing new products, improving existing processes, or enhancing your software, these credits can significantly reduce your tax liability. At MSC, we simplify the entire process, from evaluating your eligibility to preparing thorough documentation. With a no-cost assessment and tailored guidance for your state and industry, we help you maximize every available benefit and reinvest in what you do best—innovating.
Research & Development Tax Credits
Federal R&D Tax Credits
The Federal Historic Rehabilitation Credit provides a 20% income tax credit for the rehabilitation of certified historic structures.
State R&D Tax Credit
Many states offer R&D tax credits that can lower a business’s state tax liability and provide significant financial benefits.
Tax Credits & Incentives
Identifying the available tax credits and incentive opportunities for your company can significantly enhance the financial outcome of a transaction.
Our R&D Tax Credit Study Process
MSC’s experienced team specializes in maximizing tax incentives for businesses across industries. We begin with a no-cost consultation to assess your eligibility for the R&D tax credit. Our experts then identify qualifying activities and expenses through interviews and documentation review. Finally, we provide a detailed report with your estimated credit, supporting documentation, and guidance for filing.
No Cost/No Obligation Assessment
We begin with a complimentary consultation to evaluate whether your business activities may qualify for the R&D tax credit. During this initial step, we gather high-level information about your projects, industry, and operations to determine eligibility.
Qualitative Discovery
Our team then conducts interviews and reviews documentation to identify specific activities that meet the IRS’s criteria for qualified research. This stage ensures we build a detailed narrative around your innovative efforts, capturing all relevant activities.
Quantitative Discovery
Next, we quantify the costs associated with qualified activities. This includes identifying and documenting eligible wages, supplies, and contractor costs. Our experts ensure all financial data is collected, analyzed, and presented in accordance with IRS requirements.
Strategy & Reporting
Finally, we compile a comprehensive report that includes a detailed calculation of your potential credit, documentation to support your claim, and guidance on how to apply the credit to your tax return.
What We Promise:
- We do all the heavy lifting – in-person site visits, reports, & lifetime audit support
- We build personal relationships—every client matters
- We deliver premium and defensible reports with IRS-preferred best practices
- We ensure a seamless experience with timely, accurate results
Let's Get Started.
Contact us today to find out how we can capture extraordinary tax benefits for all types of entities.