In today’s competitive landscape, staying ahead means continuously optimizing processes, improving product performance, and finding smarter ways to manufacture goods. If your team spends time troubleshooting, designing new tooling, or refining machinery, you are engaging in activities that drive innovation.
But are you getting financially rewarded for that effort?
Many manufacturers mistakenly believe the federal Research & Development (R&D) Tax Credit is only for Silicon Valley startups or companies creating entirely new patents. This is a costly misconception. The R&D Tax Credit is specifically designed to reward companies like yours for improving products and making manufacturing processes more efficient.
Immediate Funding for Your Manufacturing Innovation
The greatest benefit for growing companies is the immediate cash flow impact:
If you face technical uncertainties and experiment to overcome them, you are likely generating qualified R&D expenses. Here are common examples across the manufacturing sector:
The R&D Tax Credit allows you to claim expenses from current and previous years. Qualified expenses typically include the wages of employees involved in the R&D, the cost of supplies used in test runs (e.g., prototype materials, scrap), and contractor expenses related to the design work.
Your daily efforts to streamline production and enhance your products are valuable. It’s time to claim the tax savings you’ve earned.
Navigating the IRS rules for documentation and qualification can be complex, especially proving the necessary technical uncertainty. Our firm focuses on the manufacturing industry and can quickly identify your qualified activities and maximize your credit claim, ensuring you get the maximum benefit with minimum disruption to your operations.
Contact our team at (410) 497-5947 or schedule a confidential consultation here to see if your manufacturing operations qualify for this immediate cash flow benefit.
P.S. Even if you have claimed R&D credits before, we often find opportunities to increase the benefit by thoroughly documenting shop-floor activities often overlooked by general CPA firms. Let us help you maximize your claim today!
In today’s competitive landscape, staying ahead means continuously optimizing processes, improving product performance, and finding smarter ways to manufacture goods. If your team spends time troubleshooting, designing new tooling, or refining machinery, you are engaging in activities that drive innovation.
But are you getting financially rewarded for that effort?
Many manufacturers mistakenly believe the federal Research & Development (R&D) Tax Credit is only for Silicon Valley startups or companies creating entirely new patents. This is a costly misconception. The R&D Tax Credit is specifically designed to reward companies like yours for improving products and making manufacturing processes more efficient.
Immediate Funding for Your Manufacturing Innovation
The greatest benefit for growing companies is the immediate cash flow impact:
If you face technical uncertainties and experiment to overcome them, you are likely generating qualified R&D expenses. Here are common examples across the manufacturing sector:
The R&D Tax Credit allows you to claim expenses from current and previous years. Qualified expenses typically include the wages of employees involved in the R&D, the cost of supplies used in test runs (e.g., prototype materials, scrap), and contractor expenses related to the design work.
Your daily efforts to streamline production and enhance your products are valuable. It’s time to claim the tax savings you’ve earned.
Navigating the IRS rules for documentation and qualification can be complex, especially proving the necessary technical uncertainty. Our firm focuses on the manufacturing industry and can quickly identify your qualified activities and maximize your credit claim, ensuring you get the maximum benefit with minimum disruption to your operations.
Contact our team at (410) 497-5947 or schedule a confidential consultation here to see if your manufacturing operations qualify for this immediate cash flow benefit.
P.S. Even if you have claimed R&D credits before, we often find opportunities to increase the benefit by thoroughly documenting shop-floor activities often overlooked by general CPA firms. Let us help you maximize your claim today!
