R&D Tax Credit Available for Automotive Companies
Few industries in history have undergone more rapid advancement than the automotive industry, and it has innovation-minded leaders who insist upon research & development to thank for its nearly unrivaled growth in the 20th century and beyond. However, there remains many automotive companies, whether they’re down-chain car part manufacturers or engineers or transporters, that do not leverage R&D expenditures into the tax credits for which they qualify.
The team at Ayming USA helps companies within the automotive arena realize new cash flows through our research and development tax credit consultancy expertise.
Download info on R&D Tax Credits in the Automotive Industry
Research and Development in the Automotive industry
Transformation and technological development are daily challenges for companies in the automotive sector. But they can also be money-saving opportunities, as resolving many of these technical challenges can qualify as research and development from a tax perspective and you’re more than likely to be eligible for generous tax relief.
What counts as R&D in the Automotive Sector?
If your business is involved with any of the following areas and you are not already claiming R&D tax relief, then it’s likely that you could be.
Projects that may qualify for R&D tax relief include:
- Vehicle structural analysis
- Assembly line efficiency improvements
- Vehicle dynamic analysis and testing
- And much more…
Our specialists can help you make a successful claim
Ayming USA has the expertise to review the time tracking, contractual agreements, and other automotive industry-specific documentation to deliver accurate results.
Our tax credit consultants have hands-on experience and knowledge of the automotive sector. We take the time to understand how your company innovates so we can identify all qualifying expenditures to help you make a successful claim for R&D tax credits.
Download your free factsheet
We’ve put together a handy, streamlined summary of research and development in the automotive industry. Simply fill in your details to download your free factsheet and learn more about building your business with R&D tax incentives.