The R&D Tax Credit is the biggest tax credit available to U.S. businesses, yet also one of the most underutilized.
Does your business operate in the Home Goods and Cleaning Supplies sector?
Transformation and technological development are daily challenges for companies in the home goods 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.
Projects that may qualify for R&D tax relief include:
- Developing new or improved formulations that meet specific requirements for pH level, toxicity, and anti-bacterial qualities
- Manufacturing process to reduce or eliminate cross contamination
- Testing and validation prototype product samples against foreign and domestic regulatory requirements
- And many more…
We analyze all of your expenses and activities – both past and present – in order to determine the true extent of your eligibility, not just the obvious low-hanging fruit. Download our Home Goods and Cleaning Supplies R&D Factsheet below to learn more about R&D in the Home Goods and Cleaning Supplies sector and see more projects that qualify for R&D tax relief.