The U.S. research tax credit was made permanent in 2015 and was not directly impacted by this year’s U.S. tax reform. However, the credit can now be even more advantageous due to the interplay with tax law changes for 2018 and beyond.
A discussion paper on this and other recent developments are included below. KPMG has a dedicated team both in the U.S. and globally to help answer your questions on R&D tax incentives. Please visit this website for continual updates or contact us with any questions.
To increase your confidence in and improve the efficiencies of the R&D tax credit process and quality of IRS-ready deliverables, KPMG has built the first automated platform focusing on qualitative documentation for qualified activities and contracts using IBM Watson’s cognitive analysis.
With the ability to review and analyze thousands of documents with speed and accuracy—without increasing human labor—KPMG can reliably and comprehensively validate your company’s R&D activities, possibly discover unknown credits, and quickly complete robust IRS deliverables. By embracing this offering, companies with ongoing R&D potentially benefit from improved cash flow, reduction in tax liability, and increased EPS while simultaneously enabling their human resources to focus on strategic work.
KPMG’s dedicated Research Credit Services team combined with the IBM Watson® cognitive platform can help companies to increase the volume and success in capturing R&D tax credit subsidies.
Reimagining tax...combining KPMG's tax experience with IBM Watson's cognitive capabilities, discover corporate tax benefits and risk with greater confidence.
Our Research Credits Services group has a broad range of experience in different business sectors. Discover how we might be able to help you.
Building & Construction
Listen to our webcast replay on the R&D credit's developments in 2018.