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See How R&D Credits Can Benefit You
Step 1: Request Complimentary Analysis
Get a free initial consultation to discuss your business's ambitions. After the call, we will request some limited additional information to help us refine your estimated credit benefits. This step usually takes 1-2 hours of your time.
Step 2: Receive Proposed Scope of Work
After we evaluate the information gathered, we develop an estimated benefit and lay out the R&D study methodology that will best suit your business, along with the associated timeline and fees.
Step 3: Claim Your Credits
Once the full scope of work is agreed to, we request additional information and conduct interviews in order to determine the final amount of R&D costs under section 174 for the R&D credit. We create a detailed deliverable to support the results, including substantiation for the activities included as R&D.
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When Do You Need to File the BOIR Form?
The deadlines for filing a BOIR Form under the CTA can vary depending on when your company was formed and whether you are updating the information. Here are some deadlines to remember:
- Established before January 1st, 2024: You have until January 1, 2025, to file a BOIR.
- Established after January 1st, 2024: You have 90 days from the date of formation to file a BOIR.
Updating Your BOIR Form: If there are any changes to your company’s beneficial ownership information, you must submit the update within one year of the change.
Get in Touch with Our Tax Professionals
Learn About Partnering With Our Team
The Corporate Transparency Act is in effect. You can get started today by signing up to be notified for updates or by partnering with our team to proactively review your clients' business structures and tax planning strategies.
FAQs
Unclear about our service? Dive into our FAQs for clarity and keep the questions coming.
Certain types of entities, like public companies and nonprofits, are exempt from the CTA.
Yes, but it can be complex. Consider consulting a qualified professional to ensure accuracy and timely compliance.
Penalties can include fines up to $10,000 and even criminal charges.
