Corporate Tax Credits | Why Research And Development Tax Credits Go Unclaimed

Today while discussing the Research And Development Tax Credit to a fellow Executive, he was confused about how the actual deduction worked, and weather he was taking advantage of what's available through the R&D Tax Credit Program.





While most Corporate Executives believe their CPA's are taking advantage of the available Tax Credits allowed by the R&D Tax Credit program, however recent omissions by the IRS reveal that only three to five percent of businesses ever fully claim them. Would it surprise you to know that currently the IRS holds over $110,000,000,000 (Billion) dollars in overpaid taxed from businesses that could have taken advantage of the R&D Tax Credit but didn't?





As I was discussing how it worked, I told him that the real confusion is that what qualifies? The Research and Development Tax Program is incredibly complex...and is embedded in over 6,000 pages of the Tax Code, and that's why most CPA firms miss most of the available credits under the Federal and State laws. The Tax Code is so complex, It gives CPA'S Migraine Headaches!





CPA's are experts at what they do, don't get me wrong, but the reality is that they are debits & Credits experts, not Tax Code Experts. The problem is, we as business owners think our CPA's know everything about the Tax Code. It's a myth...Why? Because AmCorp Management has a 100% success rate in capturing these credits for qualified clients.





The Research & Development Tax Credit is truly that. Has your business invested money into developing products? Perhaps you've invested money into developing an existing process to remain competitive. Have you ever modified a system or process to create new sales? What about improving your services?





Did you know that in addition to taking those deductions from any expenses occurred by 1099's and w2's to improve, modify, create, develop, experiment or enhance your products or services qualify for Research & Development Tax Credits? And that's what it is...Credits. Dollar for Dollar Credits!





So in short, in addition to taking deductions (which every one takes) for the expenses to improve or develop, you may be eligible to receive Credits for those expenses. Yes dollar for dollar. So lets say you spent $300k in developing something, and $200K was through 1099's and w2's of which you have taken your standard deductions....What if you could have matched those deductions with actual dollar value Tax Credits??? Can you say LOST PROFITS!





AmCorp Management utilizes Senior level Tax Experts formally from K.P.M.G. (one of the Big 4 Firms) to manage our Corporate Tax Department. By utilizing our risk free feasibility study to determine if Research & Development Tax Credits apply for your company, and with no obligation, you can easily create an enormous "Cash Windfall" for your business.





Recognize that a R&D Tax Recovery represents "Bottom Line Net After Tax Profit". So as an example, if you operate on a 5% net income rate, an R&D recovery of $100,000 is the equivalent of gross revenues of $2,000,000. It's no wonder so many of today's Corporate Executives are flocking to AmCorp Management for their expertise in Corporate Tax and Expense Recovery services. Its Risk Free...It's Feasible...And Extremely Profitable.

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Utility's Billing Accuracy Questioned – Billions in Overcharges to Unsuspecting Businesses

In today’s business environment, with skyrocketing energy costs and rising interest rates, corporate business managers need to protect positive cash flows by eliminating containable costs. Often times Utility bills are thought to be scrutinized carefully, but not carefully enough apparently.




AmCorp Management, America's leading business enterprise and today's TOP choice by Executives for specialized Corporate services, has revealed that Utility billing errors are at an all time high. These unnoticed additional expenses has become over a $250,000,000,000 (Billion) dollar a year industry in the United States alone. Additionally, the epidemic of overcharges could soar to over a Trillion dollars World Wide in 2009. Can you say the 2nd largest transfer of wealth in the history of the world...




Recent study’s have concluded that eight out of ten invoices reviewed by expert Auditing Firms contain highly elusive errors and overcharges that business owners are not aware of. By having outside professionals conduct a full-scale Utility bill audit, you could potentially return tens if not hundreds of thousands of dollars back into your operating capitol. Some have recovered millions!

Industry experts agree that roughly 92% of all service bills are inaccurate. WHAT? Yes, it truly is staggering when you think about it isn’t it? Billing errors from Electric and Natural Gas companies continue to have problems with systems management and audit updates. These failures are causing unnoticed errors such as incorrect tax configurations, insufficient rate applications, unmanaged cost increase/decrease, erroneous fee structures, un-applied discounts and so many others.


In fact, there are over 50 areas where expert auditing firms like AmCorp Management can identify, substantiate and recover thousands of dollars that may have been overcharged to you without ever realizing it. It’s surprising to most business owners to discover just how much operating capitol they have lost after having a thorough examination of their utility bills from an expert auditor.

There are many auditing firms around, some work on a flat fee basis, and some work on a contingent basis. Whatever audit firm you choose, I recommend a minimum of ten years experience as many techniques have changed over the years. Being part of a National Auditing Firm like AmCorp Management, I can tell you first hand that eight out of ten business owners I speak with, qualify for refunds in multiple areas.

These Industry giants and Government groups always refund your money. All you simply have to do is find the overcharges and ask for it to be refunded. Unfortunately they’re so embedded in complex systems and regulations, but if you do find them, you’ll then get your money and “Oops, Sorry”.





Have you ever wondered what the incentive is for these Corporate enterprises to overcharge their customers? The know that Less than 5% of businesses or people that are overcharged will ever know about it...or ask for their money back. Now if that doesn’t open your eyes, I don’t know what will.

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Research & Development Tax Credits | AmCorp Management's Advanced Recovery

The US Government announces today that the IRS currently holds over $30,000,000,000 (Billion) dollars in unclaimed tax overpayment from the Research & Development (R&D) tax Credit program.

As many Corporate manufacturing businesses throughout the United States are becoming aware of the R&D tax credit, it's defined to more that just Research & Development. Also it is Experimental, and not just limited to manufacturing companies.

In today's high demanding world, many software companies overlook this valuable tax credit. Recently AmCorp Management has identified areas that many industries qualify for the research & Development Tax Credit but don't know they are available or even know how to take advantage of them.

The reality is that ANY business that invests in developing or Improving a process or product, may be eligible for addition Tax credits at the Federal and State levels. As an example, lets say your a Software company that needs to remain competitive in the market place, and has dedicated resources into improving your software's viability. Of course depending upon what you spend is really insignificant, it is that you improved a process or a product to remain competitive.

Under these guidelines, you may be able to take additional deductions over and above the deductions you already take. It's surprising that over 80% of manufacturing and businesses involved in improving processes and products don't take full advantage of the Research & Development Tax Credit program.

In my Experience by working with AmCorp Management, it is the lack of knowledge with most CPA's concerning the Tax Code in these areas. Would it surprise you that the Research & Development Tax Program is heavily embedded in over six thousand pages of the Tax Code?

I guess when Albert Einstein said, " The hardest thing in the world to understand is the income tax", he wasn't kidding. If you have any questions concerning the R&D Tax Credit program, and it your company is eligible to receive a cash windfall, give me a shout...It might Just be the most profitable call you've ever made.

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