Rhode Island – Specialist R&D Tax Advisors

Rhode Island

Posted June 1, 2015

In Rhode Island, Rhode Island Available Incentives

State Credit Name: Credit for Qualified Research Expenses

Expiration Date: Permanent

Who Can Apply? Corporations and flow-through entities

Credit Carry Forward: Unused credit can be carried forward for 7 years.

About the Credit: The credit rate is 22.5% for QRE’s up to $111,111 and 16.9% for the remaining QRE’s, which exceed the base period expenses. QRE’s and base period expenses are defined the same as for the federal credit in IRC Section 41.

Notes: The credit is applied to 50% of the tax due after all other credits available have been applied.

Click here to find out if you qualify for the federal research credit.

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   Swanson Reed - Specialist R&D Tax Advisors
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Highly recommended.
  
 
 
       
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 2022-06-15
 
 
   Damian and the rest of the team at Swanson Reed have been supporting us for several years.  We always appreciate their insights, expertise, and efforts.
  
 
 
       
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 2022-06-06
 
 
   Experienced responsive Team. They have been a great help to me and my company navigate the R&D tax claim process and have provided invaluable advice.
  
 
 
       
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   Damian and the team at Swanson Reed have been extremely helpfully and professional during all of our consultations. Highly recommended.
  
 
 
       
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 2022-06-03
 
 
   
  
 
 
       
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   Payam Toloo 
 2022-06-02
 
 
   Damian Smyth and his team are very helpful, supportive and experts in their field of R&D Tax claims. I'm always happy with the work they do and been a customer of their for over 5 years.
  
 
 
       
   Melissa Doddy 
 2022-05-31
 
 
   The Team at Swanson Reed are very experienced R&D Tax Advisors and gave us ongoing support with all of our R&D Claims, the consultants ensured we were always working with current legislative guidelines, gave us assistance with compiling technical and government documentation and went out their way to ensure they were with us for the entire process from beginning to end.  Highly recommended to anyone who needs assistance with working through what can at times be a daunting process.
  
 
 
       
   Gary Watson 
 2022-05-31
 
 
   We can highly recommend Swanson and Reed as an R & D accountant. We have worked with them for several years now as they make our R & D claim so easy and communicate quickly with both us and our accountant.

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