R&D Tax Consultants – New Orleans (LA)
New Orleans R&D Credit Experience
Calvetti Ferguson provides R&D Consulting services to New Orleans 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.
Louisiana Small Business Profile
New Orleans 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 an investigation of the facts identified in the first phase. This often includes project interviews, quantifying related wages and expenses, and determining eligibility for the credit. Through oral interviews and review of documentation, the credit is finalized, 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 in advance of 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.
Lousiana – State R&D Tax Credit
The state of Louisiana offers an R&D tax credit for eligible research activities. The details may vary from the federal R&D tax credit.
Map of New Orleans, LA
About New Orleans (LA)
New Orleans is located on the Mississippi River and is known for its historic French Quarter, which features beautiful architecture, live jazz music, and a variety of restaurants and bars. The city is also known for its annual Mardi Gras celebration, which attracts millions of visitors each year. New Orleans’ economy is driven by several industries, including tourism, healthcare, and education. The city is home to several major universities, including Tulane University and Loyola University New Orleans, as well as several major medical research facilities, such as the Louisiana State University Health Sciences Center.
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).
Contact Our Louisiana R&D Tax Credit Consultants
Calvetti Ferguson provides R&D tax credit consulting services to companies in New Orleans and across Lousiana (LA). If you are interested in learning how we can help your business, complete the form below and we will follow up promptly.