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The R&D Tax Credit for Food & Beverage Companies

Businesses operating on the leading edge of the food and beverage industry are consistently innovating and improving their products and processes to stay competitive and achieve their missions of providing the best consumer products possible. Whether it’s as general as research and development to improve food processing/distribution operations, or something as specific as R&D to fine-tune a winemaking process, food and beverage manufacturers and their partners constantly reinvest profits into developing and improving their methods. However, these same companies are losing out on potential cashflow opportunities by forgoing the R&D tax credit they likely already qualify for.

Ayming USA is a leading R&D tax credit consultancy that partners with businesses of all types to help them realize earned tax credits that where unrealized, allowing them to benefit more from their R&D innovations.

Download R&D Tax Credits in the Food & Beverage Industry Now

Does your business operate in the Food & Beverage sector?

The American consumer has become increasingly selective regarding the types and qualities of food they consume and seek more options such as unique flavors, nutritional content, health benefits, and environmental sustainability. Additionally, consumers and governments are demanding that food and beverage companies evolve their production and packaging processes to be more environmentally friendly. 

Transformation and technological development are daily challenges for companies in the food & beverage sector. However, resolving many of these technical challenges often qualifies 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?

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.

Food and Beverage R&D projects that can qualify for R&D tax relief include:

  • Development of new food or beverage products 
  • Development of new product formulations with organic raw materials 
  • Development of new or improved production, bottling, or canning processes 
  • And many more…

Our specialists can help you make a successful claim

Ayming USA has the expertise to review all the necessary documentation to deliver accurate results for food & beverage companies.

Our industry-specific consultants have hands-on experience and knowledge of the Food & Beverage sector. We always take the time to truly understand how your company innovates so that we can expertly 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 Food & Beverage industry. Simply fill in your details to download your free factsheet and learn more about building your business with R&D tax incentives.