Madison CPA Services
A research business needs to explain both what a project cost and how long its funding will last. KAS helps Madison founders organize payroll, contractor spending, project records, and financial reports for that purpose. We work virtually with teams preparing returns, reviewing a potential credit, or planning the next stage of development.
Updated
Research Project Accounting for Madison Businesses
Support a Wisconsin research credit with the right records
Wisconsin's research credit rules depend on qualified activity and expenses in the state. The current rules provide for a potentially refundable portion, subject to the calculation and limitations. We review eligibility and supporting records before including an expected credit in the financial plan; labeling spending as research is not enough. Wisconsin research credit and refundable portion guidance.
Coordinate the business calculation with owner reporting
For qualifying pass-through arrangements, Wisconsin's guidance calls for computing credit information at the entity level and providing it to the owners who claim it. We reconcile ownership, expense schedules, prior credit records, and the return package. The business and owner workpapers need to explain how the reported amounts connect.
Build a runway forecast around project milestones
We separate committed costs from optional spending and identify the dates when funding becomes available. Payroll, testing, contractors, equipment, and overhead are compared with the cash on hand. The forecast can show how a delayed milestone or financing round changes the date when the business needs additional funds.
How we scope the work
We start with the decision or filing you need to complete, the entities and people involved, and the deadline. After reviewing the available records, we identify missing information and propose the services and deliverables. For ongoing work, we establish a close and filing calendar so bookkeeping, tax projections, and owner reporting use consistent information.
Audit, review, and compilation engagements for Wisconsin clients are not currently offered; KAS confirms Wisconsin CPA firm licensing requirements before accepting such engagements.
CPA services for Madison clients
Research credit record reviews
Evaluate expense support and coordinate entity and owner treatment.
Project accounting setup
Connect project spending, payroll, contractors, and the books.
Runway and funding forecasts
Plan spending around milestones and financing timing.
Madison CPA questions
Should an expected research credit be treated as cash available for payroll?
Only after reviewing eligibility, the calculation, who can claim it, and the likely timing. We keep an unconfirmed benefit separate from available cash in the forecast and show how the plan changes if the benefit is smaller or later than expected.
How do Madison clients work with KAS?
We provide virtual service through secure document exchange, scheduled video meetings, and electronic signatures. The engagement defines the services, responsibilities, and deadlines; this service area does not represent a walk-in office.
Ready to Get Started in Madison?
Schedule a complimentary consultation to discuss your Madison tax situation and how we can help you achieve your financial goals.