8 Ways Acena Consulting Helps Businesses Use the R&D Tax Credit for Financial Impact

3 Minute Read
Posted by Randy Eickhoff on Nov 6, 2023 12:00:00 PM

In today’s ever-changing business terrain, staying competitive, innovative, and profitable is critical for success. Most business owners and financial advisors assume the best way to achieve this is to generate more revenue — but what if there was a way to impact your bottom line based on activities you’ve already performed? For many organizations that leverage technology as part of their operations, tapping into the research and development (R&D) tax credit can help them do exactly that. R&D tax credits are government incentives designed to stimulate innovation and economic growth by rewarding companies that invest in research and development activities. 

Acena Consulting Provides Comprehensive R&D Tax Credit Support

For business owners and financial professionals seeking to optimize their financial strategies, collaborating with Acena Consulting, an experienced tax accounting firm that specializes in R&D tax credits, can be a game-changing decision. Here eight compelling reasons why working with Acena Consulting is a sound move:

Access to Our R&D Tax Credit Expertise

The  R&D tax credit program is our specialty. We possess in-depth knowledge of the intricate rules and regulations governing these incentives. Our team of accountants understands the nuances of what qualifies as eligible R&D activities to help you or your financial advisor identify and claim credits you have otherwise overlooked.

Maximize Tax Savings

At Acena, we know how to navigate the complex tax code associated with research and development and how to apply it to your situation for maximized tax savings. Our R&D tax professionals will help you identify eligible expenditures, calculate the credit accurately, and ensure compliance, ultimately reducing your tax liability and increasing your cash flow.

Risk Mitigation

Tax laws can (and often do) change, leaving  business owners and financial professionals struggling to keep up. Acena Consulting continuously monitors and stays current on any changes in R&D tax credit legislation. We leverage our insight to mitigate risks associated with tax law changes and ensure that your claims remain in compliance with the latest requirements.

Cost-Effective Resource Utilization

Our R&D tax credit specialists can streamline the process of identifying eligible activities and documenting expenses, reducing the administrative burden on your team. This allows your company to allocate resources more efficiently, focusing on core business activities and innovation rather than navigating complex tax matters.

Audit Support and Defense

In the event of an IRS audit, having our experienced R&D tax credit specialists by your side can be invaluable. Our team can provide detailed documentation and support to defend your claims, increasing your chances of a successful outcome, and saving you time, money, and unnecessary stress.  

Strategic Financial Planning

Collaborating with Acena Consulting means access to our R&D tax credit specialists that extends beyond tax season. As your partner, we can help you proactively identify opportunities to reinvest tax savings into further research and development initiatives or to expand your business operations.

Competitive Advantage

Utilizing R&D tax credits can provide a significant competitive advantage in your industry. Our R&D tax credit professionals can ensure that your company is capitalizing on available incentives while competitors may be missing out.

Customized Solutions

At Acena Consulting, our R&D tax credit specialists recognize that every business is unique. We work closely with you to tailor solutions that align with your company's objectives and industry-specific requirements. This personalized approach ensures that you receive the maximum benefits from R&D tax credits.

Schedule a call with an Acena Consulting professional today to learn more about optimizing financial opportunities with the R&D tax credit.

Randy Eickhoff

Randy Eickhoff

Acena Consulting President Randy Eickhoff, licensed CPA, has partnered with more than 200 companies during more than 20 years of experience securing tax credits and other government incentives. His corporate partners range from multinational technology firms to smaller, privately held manufacturing, sports, and technology enterprises.