TMG Client Claims Reach $1 Billion in R&D Credits

BOCA ROTAN, Fla.—TMG Consulting Group recently reached the $1 billion dollar mark in collective client claims and they believe that this is just the beginning for corporations that may not be using government sponsored tax credits for research and development.

According to recent studies 62 percent of companies that implement R&D programs are missing out on the millions of dollars that they could be saving. TMG can assist clients to reclaim monies they are entitled to through a non-intrusive analysis that can take as little as 15 minutes per project. Using a proven methodology, TMG have recovered millions of tax dollars for their clients, thereby enhancing their competitive edge.

R&D tax credit programs are government incentives that encourage research and development in businesses of all sizes and sectors in order to foster new, improved or advanced products or processes. R&D tax incentives exist not only at federal levels but at many different tiers of government, creating savings of anywhere from 5-25 percent of expenditure for R&D projects. In the U.S. alone, $7 billion a year is allocated for tax savings through the R&D Tax Credit Program at the Federal level.

“In the past 20 years we have worked with clients using a proven proprietary methodology,” says Paul Boutin, CEO, TMG Consulting. “We are able to quickly analyze and qualify any R&D project, including those that companies may regard as routine. Working collaboratively with our clients, our consultants apply our unique analytical process and provide them with auditable reports as well as tax filing and information support. This gives our clients huge benefits by not only significantly reducing their tax liabilities, but by creating and sustaining a competitive edge.”

Many companies have used a high-level approach to claiming tax credits without sufficient back up, which has resulted in governments subjecting more R&D claims to audits. TMG can provide a risk analysis for clients ensuring that all required documentation is provided and the client is audit ready. In addition, TMG will work with clients who are due to be audited using their proven methodology to defend and support existing claims and have a 99.9 percent success rate.