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Research & Development Tax Credits

Turning Innovation Into Meaningful Tax Savings

Are you capturing every tax credit your innovation may qualify for?

Walter Shuffain helps businesses evaluate potential Research & Development Tax Credit opportunities and navigate the process of claiming available incentives. We advise businesses engaged in innovation activities that may be eligible for federal, state, or local tax credits.

Our role is to help clients recognize opportunities they may not know exist. We help clients understand potential tax credit opportunities associated with their innovation activities and the related tax implications.

What do Research & Development Tax Credits help manage?

Many businesses assume research and development credits only apply to laboratories or technology companies. In reality, qualifying activities often occur in manufacturing, biotechnology, engineering, software development, and many other industries.

We help clients understand qualification requirements, evaluate potential opportunities, and navigate the credit process. With proper planning and support, these incentives can reduce tax liabilities and create additional flexibility to invest back into the business.

Reviewing qualification requirements and potential applicability.

Assessing categories of expenses that may be considered in a credit analysis.

Assisting clients with documentation considerations related to credit claims.

Advising on federal and state credit opportunities

Exploring credits available in manufacturing, biotechnology, technology, and other sectors.

Providing guidance regarding the reporting and claiming of available incentives.

Discussing potential tax credit considerations as projects and initiatives evolve.

How do we fit into your innovation strategy?

Alongside Your Existing Team

We work with your finance, operations, engineering, and leadership teams to identify qualifying activities and gather the documentation needed to support credit claims.

Or

As Your Tax Credit Advisor

We provide guidance regarding qualification requirements, available opportunities, and tax credit considerations.

In both cases, you work directly with experienced professionals who understand both the tax rules and the business realities behind innovation.
As someone with an accounting background, I appreciate the level of expertise Walter Shuffain brings to the table. They explain complex issues in a practical, easy-to-understand way. Over the years, they've helped us through audits, tax planning, business changes, and most recently, the R&D tax credit process. Their team is responsive, collaborative, and takes the time to understand our business. We've never felt like just another client, and that's why we've continued to work with Walter Shuffain for nearly two decades.
Kimberlee Ellis Sweetser
Chief Financial Officer
Scalable Display Technologies, Inc.

Why do clients choose Walter Shuffain?

Opportunities Identified Early

We help clients remain aware of tax credit opportunities that may be relevant to their activities.

Technical Expertise Made Practical

We simplify complex qualification requirements and translate them into clear guidance.

Documentation That Holds Up

We advise clients regarding documentation considerations associated with credit claims.

Industry Specific Experience

We work with businesses across manufacturing, biotechnology, technology, and other innovation-driven sectors.

Focus on Cash Flow Impact

Credits can reduce tax liabilities and create additional capital for future growth.

Meet Our Team

David Cooper

Partner, Tax Practice Leader
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Leah Belanger

Partner
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Common Questions

Activities involving the development or improvement of products, processes, software, or technologies may qualify if they meet IRS requirements.

Manufacturers, technology companies, biotechnology firms, engineering businesses, and many other innovative organizations.

Qualified expenses often include payroll, contractor costs, supplies, and certain development-related expenditures.

Yes. Proper documentation is critical to support eligibility and accurately calculate available credits.

In many cases, yes. Opportunities may exist at the federal, state, and local levels.

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Walter Shuffain is the brand name under which Walter Shuffain Advisors Inc. and WS CPAs P.C. provide professional services. Walter Shuffain Advisors Inc. and WS CPAs PC practice in an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations and professional standards. WS CPAs PC is a licensed independent CPA firm that provides attest services to its clients. Walter Shuffain Advisors Inc. and its subsidiary entities, which are not licensed CPA firms, provide tax, advisory, and other non-attest services to its clients. The entities are independently owned and governed and are not liable for the services provided by any other entity providing the services under the Walter Shuffain brand. Our use of the terms “our firm” and “we” and “us” and terms of similar import, denote the alternative practice structure conducted by WS CPAs PC and Walter Shuffain Advisors Inc.

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