BerlinPacific.com Blog

If your company pays federal taxes, like many you may not know all about the new IRS federal tax credits of 6.5 % for all spending on product development, especially employee salaries. Many companies aren’t aware of these new tax rules and just how much more is covered today, but our tax experts are.

The credit can go back 3 years plus the current year. The credit comes off your federal tax bill.

Any company that designs, develops, or improves products, processes, techniques, formulas, inventions, or software may be eligible. In fact, if a company has simply invested time, money, and resources toward the advancement and improvement of its products and processes, it may qualify.

Example – you spend $200,000 a year on employees who develop products. You qualify and get a $12,500 in credit off your federal tax bill per year, and you can go back three years plus save this year. That is $50,000 saved. Our experts told us the IRS is happy because you’re providing jobs. There may be additional credits for state taxes.

There is no charge to find out if you can save. It is a four minute conversation with our subject matter experts to find out if you qualify. Our tax experts are saving companies $20,000 to $750,000.

We encourage any CFOs, or Controller, or Accountants to reach out to us with an e-mail or call 212-247-2502.

What Qualifies as R+D?
You may wonder if your firm has spending that qualifies. “Qualifying research” runs the gamut from initiating designs, to testing products, to manufacturing process improvements. The great thing about this is that many companies spend money on developing products. Because of the current broad definition, if you’re involved with any of these things you may be eligible for R+D Tax Incentives.

• Designing new products including software or materials
• Designing innovative product features or techniques
• Generating prototypes and samples of new products – for testing and validation
• Developing new or improved treatments for materials
• Developing new or improved manufacturing processes
• Developing and designing scaled up manufacturing processes

R+D Tax Credits are awarded across a wide range of diverse activities, and our expert can determine what credits are available for your company. We think you’ll be surprised how much qualifies.

We will be happy to schedule a 15 minute conversation, either by phone or in person, to determine if you qualify for this and other government sponsored incentive program. We would like to put tax dollars back in your pocket. Please e-mail or call us at 212-247-2502.

For many firms, especially with blue collar employees, 20% of new hires are eligible for tax credits. This can be as much as $9,000 for each qualifying new hire. Some firms are also in economic development zones. We can help give you the peace of mind of knowing you’re getting all the tax credits you’re eligible for.

To read a full overview go here
Employee Tax Credits

Our experts will work for you to get you the tax credits available to you. This can reduce or even eliminate tax liability. You’ll get a flexible process that works with every company to eliminate the headaches and 86% of the paperwork.

You will get a free study to let you know how you qualify. While every company can benefit, the best candidates economic development zones and have lots of blue collar workers. Manufacturing, fast food, and retail do particularly well.

If you have 100 employees you could be saving $10,000 to $100,000 a year. Average saving can be anywhere from 100+ per employee to 1,000+ per employee.

When you work with us, you’ll automatically get credits for
• New Hires
• Being in a special economic zone
Your Berlin Pacific experts will process ongoing credits for new hires and discover if you’re eligible for past and future credits based on the location of each of your buildings, stores or offices.

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