What we do
The Research Tax Credit (RTC) is a generous incentive program that rewards companies of any size for conducting research activities in the United States. The credit is a dollar for dollar reduction of federal taxes owed. The majority of states also offer a similar incentive based on the federal criteria.
Historically, many companies fail to make an RTC claim because they falsely assume that the program is restricted to “High Tech” companies. The fact is that virtually any company may have qualified research activities (QRAs) at any given time. In general, if some of your staff are engaged in solving technological problems for which a solution is not readily apparent, there is a good chance that the work they are doing is fully or partially eligible.
Comprehensive R & D Tax Credit Study
Our team works to conduct a full assessment of the taxpayers operations, in order to generate a workplan, provide a proposal of the opportunity, and estimate benefit range and fee. During this stage we partner with the tax team and work alongside them to validate information gained. DST’s core philosophy is transparency. Reviewing facts, figures, and trends allows us to ensure the accuracy of the data.
Study & Claim Review
Our experts are often called upon to perform a review of a claim prepared in-house or by another provider.
- Financial and calculation based – inclusion of only qualified research expenses, utilization of the correct calculation methodology.
- Tax and legislative based – review of inclusion of research activities to ensure compliance to regulations and taxation requirements.
- Engineering and science-based – reviewing qualifying activities, documentation and substantiation, and overall reporting compliance.
DST offers a detailed, impartial analysis of areas of exposure, or areas of opportunity.
(Federal or State Examination Assistance) Given the high profile of the Research Tax Credit, examinations and audits are often conducted by federal or state authorities. The DST team provides support and assistance to our clients with examinations. Our track record is impressive. Our team’s approach is to focus on the facts of the case, using case law and legislation to support the taxpayers case. Our techniques have resulted in strong positions using evidence and contemporaneous documentation to support the claim.
Training & Orientation Sessions
Our team of experts can come in and conduct tutorial or training sessions with your entire team. This provides an update on the eligibility of qualified research activities as defined under Section 41 of the IRC, as well as the nature of the qualified research expenses that are also eligible. Sessions are tailored to the industry and needs of the taxpayer. We bring in real life examples from a range of industries to provide context and answer specific questions. We speak your language and we ensure full comprehension of all the content covered.
CPE Credits through Presentations
DST is registered by the NASBA to provide CPE credits in the field of Taxes. Our presentations are informative, interactive and provide guidance and knowledge to tax and accounting professionals. Our presentations are reviewed by our CPA and Attorneys to ensure high compliance to the standards. Presentations can be conducted to CPA firms, Associations, and Organizations (national or local based).
Industries we work with
Historically, many companies fail to make an RTC claim because they falsely assume that the program is restricted to “High Tech” companies. The fact is that virtually any company may have qualified research activities (QRAs) at any given time. In general, if some of your staff are engaged in solving technological problems for which a solution is not readily apparent, there is a good chance that the work they are doing is fully or partially eligible. Here are some of the industries we have supported in successful R&D Tax Credit claims.
Casting & Foundries
Food Science Technology & Processing
Automation & Robotics
Biotechnology & Medical Device
”That’s the difference between you and other providers - anyone can put together the numbers, but your team backs it up with science and engineering facts.
”We bid our RTC out to 4 large firms and DST was by far the best proposal. They showed better value and a better industry and business insight, spent the most amount of time with us to review our documents and have technical scope outs, and had the most thorough description of the opportunity. DST was the only firm to walk us through the steps and stages and had a clear timeline and milestone. It was a clear choice for us.
”We’ve worked with a lot of consultants over the years, but the level of professionalism and knowledge we got from the DST team was insurmountable. Their Tax Engineers worked with our operations and engineering teams to uncover qualified activities, and document them. Their Tax team walked us through the calculation and made sure that we had a good understanding of the numbers and trends. This level of full transparency is refreshing.
”DST did a tremendous job with our claim. The level of technical skills and overall organizational skills for our large company was unlike anything I’ve ever seen. They are among the best consultants I’ve worked with in my 25 year career.
”They check in with me quarterly to give updates. Our Engineers and technical staff really enjoyed working with them - what a change!
”We’ve used other providers and found that our report was a copy and paste from prior years. With DST Advisory Group, I was pleasantly surprised to see them take a fresh look at the claim every year.
”I used to have to manage the R&D process with our previous provider - it felt like I was doing most of the work! With DST they took that work off my plate and allowed me to follow the progress of the claim without having one more project to manage.