EPAct Deductions Brighten Return on Lighting Upgrades
OUR BLOG Our Published Article Back to Articles June 2007 By Charles Goulding, Jacob Goldman and Siddharth Sheth View Article...
R&D TAX CREDIT
Machine Learning & AI
Industry Insight
The machine learning & AI sector is one of the fastest growing industries utilizing the R&D Tax Credit. Companies in this sector are typically involved in software programming and coding which inherently meets the IRS 4 Part test for R&D Credit eligibility.
A common misconception is that to qualify, a company has to be developing something revolutionary to their industry. However, qualifying activities don’t necessarily need to be new to the world, just new to YOUR company.
Qualified Research Activities Typically Include:
- Design Specification
- Coding & Programming
- Staging & Testing
- Production Environment Testing
- Web & Mobile Development
- Research / Testing of New Technology & Toolsets
- AI Training Improvements
Our Machine Learning & AI Industry Expertise
R&D Tax Savers specializes in identifying eligible R&D Credit activities and quantifying the eligible costs associated with those activities.
Our subject matter experts work directly with you and your tax professionals to quantify and substantiate R&D Tax Credits.
The R&D Tax Savers team includes Engineers from a variety of disciplines, Tax Attorneys, CPAs, and IRS Enrolled Agents.
Our focus on the quantitative and qualitative aspects of your R&D will improve your company’s internal procedures, resulting in simpler, stronger R&D claims in the future.
Related Articles
EPAct and Benchmarking – Corporate Business Taxation Monthly
OUR BLOG Our Published Article Back to Articles October 2010 By Charles Goulding, Jacob Goldman and Joseph Most View Article...
LED Lighting Tax Aspects of Restaurants
OUR BLOG Our Published Article Back to Articles May 2011 By Charles Goulding, Jacob Goldman and Daniel Audette View Article...
Wondering if Your Company Qualifies?
Discover your tax savings with a complimentary R&D Tax Credit assessment from our team of experts.
No two cases are the same, which is why we take an individualized approach.
Speak With Our Tax Experts
Charles R. Goulding
President
Charles R. Goulding is an Attorney/CPA, President and founder of Energy Tax Savers/R&D Tax Savers, two divisions of a national tax consulting firm. Previously, he was a Managing Director at Cooper Industries Inc. (now Eaton) in Houston, Texas. Before joining Cooper, Mr. Goulding was a vice president of Dover Corporation, an eight billion dollar sales NYSE diversified industrial manufacturer. At both companies, Mr. Goulding created and administered company-wide R&D Tax Credit programs. These programs encompassed both domestic and international business operations and have helped generate over $600 million in tax savings for their respective firms. Mr. Goulding has been at the forefront of R&D Tax Credit work since the credit’s inception in 1981.
Mr. Goulding has a law degree from Brooklyn Law School (Juris Doctor) and an MBA from Adelphi University. Mr. Goulding also participated in Pace University’s Doctor of Business Administration Program. His undergraduate degree is from the State University of New York at Stony Brook where he was a double major in Political Science and Economics. He spent his junior year abroad at the University of Copenhagen, Denmark.
Mr. Goulding is a former President of the New York Chapter of the Tax Executives Institute and also participated in Pace University’s Doctor of Business Administration Program. He has served as the co-chairman of the Taxation of Mergers and Acquisition conferences in Chicago, Houston, New York City, San Francisco and Paris, France. He recently chaired New York’s Solar Investment Conference.
He has authored over 800 articles for numerous tax publications including International Business, International Tax Journal, Euromoney, Taxation for Accountants, The Practical Accountant, The CPA Journal, and Corporate Business Taxation Monthly.
Mr. Goulding successfully litigated the Dover Corporation case in U.S. Tax Court (the first check the box case) and the Pulsar International case on reasonable compensation. He is also the Mayor of the Village of Oyster Bay Cove, New York