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R&D Tax Consultants – Milwaukee (WI)

WI SOC 2 Reports ​Milwaukee and Green Bay (WI) business owners constantly look for ways to improve profitability, reduce costs, and leverage new opportunities. Regarding cost reduction, the focus is often on operational efficiencies, production optimization, and new technology. However, many are surprised to learn about the significant savings opportunity available through the Research & Development (R&D) tax credit. The credit provides a dollar-for-dollar reduction of federal tax liability for qualifying activities. Unfortunately, many Texas companies miss out on millions in savings due to the misconception that credit is only for large companies with formal R&D functions. This is not true; in fact, many businesses already qualify for the credit based on current business activities.

Milwaukee R&D Credit Experience

Calvetti Ferguson provides R&D Consulting services to Wisconsin area companies in a variety of industries. Typically, we work with those that have recently modified, changed, improved, or updated a process, method, or key software application. This often includes agriculture, architecture, engineering, food and beverage, manufacturing, electrical contractors, oil and gas, software, and technology companies. Our years of experience allow us to quickly evaluate savings potential and implement a seamless R&D tax credit study.

Wisconsin Small Business Profile

Federal R&D Tax Credit Consulting - Wisconsin

Milwaukee R&D Tax Credit Process

  • Phase 1: Initial Consultation and Benefit Estimate – During this initial phase, our R&D tax credit experts educate the taxpayer on the R&D tax credit and evaluate the eligibility of the company’s operations. A large part of this initial consultation revolves around the Internal Revenue Code’s 4-part test requirements of the R&D credit and whether the company’s activities successfully meet those requirements. Key aspects discussed include company operations (historical and present), company financials, employee roles and responsibilities, major projects, project documentation, and relevant contacts.
  • Phase 2: Qualification and Quantification – Once an agreement is reached, the focus turns to investigating the facts identified in the first phase. This often includes project interviews, quantifying related wages and expenses, and determining eligibility for the credit. The credit is finalized through oral interviews and documentation review, and the appropriate tax forms are completed and made available to the taxpayer’s tax preparer.
  • Phase 3: Final Report – Following the completion of the final credit figure and applicable tax forms, we may have some follow-up questions and requests, however, the bulk of the lift is out of the taxpayer’s hands. During this final phase, we prepare a final report outlining the specifics of the study process, findings, applicable regulations, and relevant documentation, figures, and exhibits. While this report is not required before claiming the credit, it is an important piece of documentation to support the credit claim, and it will be the first line of defense if the IRS ever audits the claim.

Map of Milwaukee, WI

National Reach

We also provide federal R&D tax credit consulting services to companies in Boston (MA), Chicago (IL), Los Angeles (CA), Houston (TX), New York (NY), Philadelphia (PA), Phoenix (AZ), Indianapolis (IN), Charlotte (NC), Seattle (WA), Atlanta (GA), and Denver (CO).

About Milwaukee (WI)

Milwaukee is situated on the shore of Lake Michigan and is known for its beer, bratwurst, and cheese. It is also home to several museums, including the Milwaukee Art Museum and the Harley-Davidson Museum. The city is also famous for its festivals, particularly Summerfest, the world’s largest music festival. Milwaukee is a major economic hub in the Midwest, with industries such as manufacturing, healthcare, and education playing significant roles in the local economy.

Contact Our Wisconsin R&D Tax Credit Consultants
Calvetti Ferguson provides R&D tax credit consulting services to companies in Green Bay, Milwaukee, and across Wisconsin (WI). If you are interested in learning how we can help your business, complete the form below and we will follow up promptly.