Recent legislation has made the Research and Development (R&D) tax credit extremely attractive for small business taxpayers who invest in new or improved products or processes.  R&D credits generated before January 1, 2012 may be used to reduce both regular and Alternative Minimum Tax (AMT) liabilities for business and pass-through entities with sales not exceeding $50 million.  In addition, R&D credits generated in 2010 and not utilized in the current tax year may be carried back for five tax years to obtain a refund of prior taxes paid, including AMT previously paid.

BeachFleischman’s team of R&D experts is available to help your business maximize and substantiate R&D tax credits that may be available to you.  We have over 20 years experience helping businesses similar to yours navigate the complexities of the R&D tax credit.

If interested in learning more about how our team of certified public accountants can help you uncover cash refunds from previously filed income tax returns and in some cases improve your cash flow, please contact Peter Beahan at 520-618-7903 or email him at pbeahan@beachfleischman.com.