Tax Services for Emerging and Small Businesses

State and Local Taxes

Managing state and local tax requirements can be overwhelming for startups and small businesses. Each state has its own set of tax regulations and staying compliant can drain your time and resources. Regulations also change frequently as governments find new ways to generate revenue. Our experienced professionals provide the guidance you need to navigate these complexities, ensuring accurate compliance and quicker returns on investment while avoiding costly penalties. 

From state income and franchise taxes to sales, use, employment, and property taxes, we handle the full range of state and local tax obligations. Our team is experienced in navigating tax laws across multiple jurisdictions, so whether your business operates in one state or across many, we can help you manage your tax liabilities efficiently. 

In addition to managing your tax filings, we provide strategic guidance to help you assess risks and identify opportunities for tax savings. We understand the burden that state and local taxes can place on your business, and our goal is to make the process as seamless as possible. Let Escalon handle your state and local tax needs so you can focus on running and growing your business without the stress of regulatory hurdles.

R&D Tax Credits

Innovating comes with its rewards. We help you secure valuable R&D tax credits, potentially saving your business a lot of money. Our thorough R&D Tax Study ensures you claim what you’re entitled to, reducing costs and accelerating your growth.  

 What is an R&D Tax Credit? 

The R&D Tax Credit is a valuable tool for businesses engaged in innovation and development, helping to offset the costs associated with research activities.  

The R&D Tax Credit is among the least often claimed tax credits by new and established businesses. Many businesses qualify to receive up to $500,000 in payroll tax credits and there is no limit for income tax offset for companies with taxable income.   

To claim the credit, companies need to maintain detailed records and documentation that demonstrate the R&D activities and associated expenses. Escalon’s R&D Tax Study conducts a thorough review of your qualifying R&D activity. Once we gather background information to verify QREs, we will document the process, and a final report will serve as the detail behind your credit calculations and support your claim should you be audited.  

Such a valuable income tax credit for your business goes a long way to reduce costs, get to market faster, and grow your market share.