The Tip Jar
Julie Ginn is Marketing Director at Axium, a software development company specializing in accounting, project management and business development software solutions for the architectural and engineering (A/E) industry.
R&D Tax Credit for A/E Firms
January 15th, 2010 by Julie Ginn
I’ve been looking around for case studies of A/E firms that have qualified for the elusive Research and Development Tax Credit as we prep for our webinar on this topic next week.
It’s been a tough haul looking for specific, proven examples because although A/E activities may qualify for the credit, the process for claiming it seems daunting. And it sounds like it’s high stakes to enter the tournament: the chance to put money back into your hands by saving or recovering tax dollars vs. the dreaded fear of triggering an audit. Worse yet, I’ve heard tales of penalties being assessed, appeals stalling out, and the denial of future use of the credit.
I’d like to hear your experiences with the credit. Have you applied for the R&D tax credit and stalled out in appeal? Did it trigger an audit? Maybe you’ve had the reverse experience and you can pinpoint a company, process or tool that helped your qualify? Comment here and be sure to join us for Tri-Merit’s presentation next week.