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R&D Tax Credits

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How We Partner with CPAs on R&D Tax Credits

Source Advisors is committed to partnering with CPA firms to introduce and enhance their clients’ tax-saving strategies while mitigating risks. We combine unmatched expertise, efficiency, and a consultative approach to deliver comprehensive solutions tailored to you and your clients.

We work in partnership with our CPA partners to ensure the usability and applicability of the credit is understood, correctly claimed, and supported while minimizing your time investment and enhancing your client relationships.

Identify Clients with Potential Benefits

We can help you in several ways:

  1. We educate you on high level parameters to identify opportunities for your clients and prospects
  2. We can review tax returns and identify opportunities for you
  3. We have created a user-friendly guide, which includes the specific information we need to help you identify opportunities within your client base. Using your system-generated IDs for enhanced privacy, we can identify clients with potential to claim R&D tax credits. This eliminates manual research, saving you time. In addition, we are often able to identify other areas of opportunity related to our additional consulting services.

Why Source Advisors is a Trusted Partner for R&D Tax Credit Studies

Established & Trusted Resource

Source Advisors has been in business for over 40 years. We started our business doing LIFO consulting and have continued to enhance and improve our suite of services to include R&D Tax Credit Studies, Cost Segregation Studies, Fixed Asset Studies (FAS), Energy consulting, Sales & Use Tax as well as property tax. We specialize in complicated tax consulting enhancing our CPA Partners relationships.

Our Motto is CPAs First

At Source Advisors, we take the time to understand each client’s history, activities, business direction, future goals as well as the usability and applicability of the credits. We consult with and involve our CPAs throughout the process to ensure they can properly advise their clients. This ongoing consultative approach allows us to not only optimize R&D tax credits, but also uncover additional tax-saving opportunities, providing even greater value for CPA firms and their clients

Unparalleled Technical Expertise

Source Advisors boasts a dedicated team of professionals, including CPAs, attorneys, engineers, and other tax experts with an average of 8+ years of specialized experience in R&D tax credits. Many of our team members hail from the Big 4, bringing extensive industry-specific knowledge in areas like FinTech, Pharma, Manufacturing, Oil & Gas, and more.

No-Cost Feasibility Analysis

Before engagement, we offer a complimentary feasibility analysis conducted by senior technical directors with 15+ years of R&D credit experience. This ensures an accurate assessment of potential benefits as well as usability and applicability and sets the stage for a successful consulting project.

Comprehensive Audit Support Included

Our fixed-fee pricing model is based on project scope, rather than a percentage of the benefit. This includes unlimited audit support through appeals. We provide a strong defense against IRS scrutiny, backed by our proven track record of success. CPA firms and their clients can trust our robust process for peace of mind.

Efficiency and Timeliness

With a well-defined process and experienced team, Source Advisors delivers complete calculations within 3–4 weeks and a robust R&D tax credit study within 8-10 weeks.This commitment to efficiency helps CPA firms meet deadlines while maintaining the highest standards of quality.
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How R&D Tax Credit Studies Mitigate Section 174 Amortization Challenges for Your Clients

The 2022 Section 174 amortization rules require taxpayers to capitalize and amortize research and experimentation (R&E) expenses over 5 years (15 years for foreign research), impacting cash flow and reducing the immediate deductibility of these expenses. Businesses can mitigate the financial strain of amortized R&E expenses, maintain compliance, and achieve significant tax savings with R&D tax credit studies.

Offsetting the Tax Burden

  • R&D tax credits directly reduce the taxpayer’s liability on a dollar-for-dollar basis, helping mitigate the financial impact of capitalizing and amortizing Section 174 expenses.
  • The study identifies all eligible research expenditures that qualify for the credit, maximizing the client’s offset against their tax obligations.

Strategic Identification of Qualifying Expenses

  • An R&D tax credit study clarifies the delineation between Section 174 R&E expenses and R&D expenses eligible for the credit, ensuring compliance while leveraging the credit effectively.

Proactive Tax Planning

  • With the amortization requirement increasing the complexity of tax planning, an R&D tax credit study equips CPAs with detailed insights and documentation to strategically allocate expenses and plan for future tax liabilities.

Audit Defense

  • The detailed documentation in an R&D tax credit study not only supports the credit claim but also ensures compliance with Section 174 amortization requirements, reducing the risk of penalties or adjustments during IRS audits.

Let's Get Started

Ready to amplify your client offerings and discover unclaimed tax savings? Contact us today to discuss a partnership or schedule a no-obligation consultation. Let Source Advisors be your partner in empowering financial success for your clients.
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