The R&D Tax Credit is the biggest tax credit available to U.S. businesses, yet also one of the most underutilized.
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Does your business operate in the Engineering sector?
When Congress created the Credit for Increasing Research Activity, engineering was one of the R&D fields it expressly intended to stimulate and to take advantage of the significant savings it offers. However, many engineering firms are unaware of its existence, or they may assume that they do not qualify because they are unaware of the broad definitions for research.
Given the complicated regulations, it comes as no surprise that many engineering firms are hesitant to apply. But assuming the regulations are followed, however, companies that engage in nearly any type of engineering are likely performing qualified R&D activities and are thus leaving money on the table by not applying for the credit.
Which engineering activities qualify for R&D tax incentives?
Almost all types of engineering can qualify for the R&D tax credit. Below are some examples of qualifying activities:
Automotive Engineering:
- Manufacturing process design
- Fatigue testing
- Crash simulation and testing
Mechanical/Electrical Engineering:
- Design and development of HVAC and MEP systems
- Component FEA
- Physical testing of prototypes
And Many More…
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Our R&D tax specialists support you every step of the way
No matter what subsector of engineering your business specializes in, our expert R&D consultants at Ayming have a wealth of experience in uncovering all eligible expenditures to help you claim for research and development tax incentives.
We take the time to truly understand the ways in which your business innovates in order to help you grow your business for future success.
Download your free factsheet
We’ve put together a handy summary of research and development in the Engineering industry.
Simply fill in your details to download your free factsheet and learn more about developing your business with R&D tax incentives.
