Sycamore Growth Group
Specializing in securing economic incentives that maximize cash flow and minimize risk
Since 2011
Read Sycamore's Legal Analysis of IRS Notice 2023-63
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Read Sycamore's Legal Analysis of IRS Notice 2023-63 〰️
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174 Consulting and R&D Tax Credits
On Sept. 8, 2023, the IRS issued new rules affecting many businesses. Sycamore has been guiding clients through the R&D tax credit process for many years (since 2011). Changes and recent IRS guidance on R&D and Section 174 have complicated the R&D process for many companies. Please contact us if you would like to discuss your business’ R&D situation or to discuss a Section 174 audit for your company.
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ERC's for Educational Organizations
Our education team works with private schools, charter schools, childcare centers, and colleges to ensure they receive the correct employee retention credits. Because of our experience and with the help of our dedicated education team, we can usually secure significantly larger credits than what is typically thought. Even if your school has received ERC’s or has been told you don’t qualify, don't hesitate to get in touch with us so that we can review your claim. We’ve been guiding clients through tax credit claims since 2011.
Our Mission
Client success is our mission. Nothing makes us happier than helping clients achieve their goals, and we never quit until that happens. We conduct our work efficiently and unobtrusively because we understand that our clients are busy.
We value and practice honesty, respect, clear communication, and hard work.
Manufacturing Case Study
Challenge: A custom-machine manufacturer struggled to track R&D expenses and lacked expertise in identifying IRS-compliant projects.
Our Solution: Sycamore Growth Group evaluated hundreds of projects, delivering a 25,000-page Digital Audit Library with R&D write-ups for each claim.
Results: We validated $1.94 million in tax credits under IRS exam, surpassing the client's previous successful claim of $375K. Industrial strength safety ensured the credits stood strong during the audit.
From a Client:
“We wanted industrial strength safety, so we chose Sycamore because they had a large team of technical writers who could prepare reports on each of our projects we claimed. We appreciated their deep expertise in understanding engineering documentation and that they were able to qualify, with certainty, which of our customer jobs were indeed R&D as defined by the IRS. We were able to recover a significant amount of credits that would otherwise have been lost. We were not surprised when the credits survived an IRS audit. We knew we were underutilizing the credit; we had no idea by how much.”