WHY TAKE THE CREDIT?

Purpose of the Research Tax Credit

Encourage U.S. companies to:
  1. Remain competitive both in the U.S. and internationally
  2. Keep jobs in the U.S. and hire skilled workers
  3. Innovate using technology
  4. Find better and cheaper ways to manufacture
  5. Stimulate the manufacturing base in U.S.
  6. Manufacture products in the U.S. rather than outsourcing abroad
  7. Retool their thinking to become more efficient

The Opportunity

Did your Company Overpay Taxes? Turn your Credits into Refunds.
If your company reported profits over the last three years but is currently feeling the negative effects of the economic recession, there is an immediate opportunity to get significant refunds back for the money you spent on carrying out qualifying activities under the RTC.

For every million dollars you have in annual payroll, your company can expect at least $30,000 in tax credits for all open years. Example. A steel fabricator that has an annual payroll of $5 million received a tax refund of over $120,000 for a three year study.


The Challenge

Many Qualified Companies Believe they Don’t Do R&D
Despite all the recent press and information about the latest changes in the RTC program, many companies still are under the belief that they do not perform qualifying activities.

In all fairness, companies and many of their CPAs remain unclear, misinformed, or unaware that the scope of the R&D program broadened beyond the traditional definition of R&D. The difficulty lies in the inability for companies and their tax advisors to decipher the complex and always changing regulations of Section 41 to the applicability of their business.


Pinnacle Can Help!

Avoid Costly Mistakes and Oversights
Pinnacle can help you prequalify whether your company has merits to file a claim before time and money is invested in the process.

Quite often, companies go through this entire exercise to only find out at the end that they cannot utilize the credit yet end up paying for the service.

Ask about Pinnacle’s No-Risk or Cost Proposition. Our goal is to ensure that your company performs qualifying activities and is in the position to utilize the net tax benefits of this Credit before anything is submitted. Contact Pinnacle Today!