For the Accountant

The Miller Group has obtained tens of millions of dollars in total Research Tax Credit benefits for our clients since 1992. Many of these projects have been completed in cooperation with public accounting practices. Most of these companies now receive an annual Research Tax Credit for their continuing activities. The Miller Group clients take full advantage of tax planning opportunities to maximize their current Research Tax Credits. Additional services are available from our partners: The Miller Group Resource Information Xchange, LLC and RIX Technology, LLC (which is offering new services to clients of public accounting firms beginning first quarter of 2008 – see rixtechnology.com). Seminars and training are available.

One of the key challenges to achieving R&D tax credits is to correctly interpret anti-intuitive tax regulations that are not perfectly (or even closely) aligned with real world activities. Correct or definitive interpretations that result from adversarial reviews by the IRS are not published and become tribal knowledge available only to a narrow group of participants. The few tax court cases on this subject are themselves often decided on peripheral points and not on the key apparent issues. Experience is the only avenue to accurate understanding and use of the regulations.

The Miller Group has the extensive experience with tax regulations and the technical understanding of requirements for product development, manufacturing technology, new materials application and software development essential for achieving durable Research Tax Credit benefits. Full comprehension of the regulations from extensive project experience is the resource that allows The Miller Group to document and retain the maximum allowable Research Tax Credits for our clients in every industry.

The Research Tax Credit expired on December 31, 2011. As part of his pre-election push to spur a slow economy, President Obama has stated that the country needs a permanent Research Credit. In addition to advocating that the credit be made permanent, Obama proposes to increase the Alternative Simplified Credit from 14 percent to 17 percent. Though nothing is certain on Capitol Hill, experts say it is likely the Research Credit will be extended at least temporarily given its bipartisan popularity and pro-job appeal.

Contact The Miller Group – TMG@researchtaxcredits.com or 206.855.1700.