Most mid-sized manufacturers qualify for R&D Tax Credits of which they are not taking full advantage. This could mean a tax refund of hundreds of thousands of dollars since we can recover the credit going back three open tax years. Even companies that do not do classical "R&D" still have many qualifying activities and frequently qualify for significant tax credits. Qualifying activities include:
Product design
Product development
Product improvement
Prototyping
Fabrication
CAD drawings
Testing
Manufacturing process improvement
Quality Control, including ISO 9000 & 9001 re-registration
Not only do the salaries of those directly involved count as qualifying activities, but a portion of the wages for support staff, sales people and salaries of management can qualify. Even if you contract out some of the qualifying activities, you can still claim 60% of the cost of those contracted activities.
Call us today at 770.846.8593 to schedule a free initial assessment or sign up for a free Webinar by clicking on the appropriate link below. Both are free!
Introductory Presentation to R&D Tax Credit (1 Hour CPE Credit). This webinar is an introductory course on the R&D Tax Credit incentive and covers the following topics:History of the R&D Tax Credit – IRC §41 IRS Definition of R&D Qualified Research Expenditures – Eligible Costs Qualifying Industries R&D Study Process R&D Audit Overview Case Studies Engineering Report State R&D Tax Credit FAQ Review
Advanced R&D Tax Credits (One and a Half Hours CPE Credit). This webinar is an advanced course on the R&D Tax Credit incentive and covers the following topics:History of the R&D Tax Credit – IRC §41 IRS R&D Definition Calculations & Structure Case Studies Audit Process & Method Engagement Process
