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 Manufacturing sector?
Transformation and technological development are daily challenges for companies in the manufacturing 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.
Some manufacturers in the United States are aware of the R&D credit however, claims are often limited to claims of expenditures to only engineering time or the invention of new products. Many are unaware that the Credit is expansive in the definition of qualified activities and includes the development of new or improved products and processes.
What counts as R&D?
Below is a list of just some of the qualifying activities for the manufacturing sector:
- Development of new or improved manufacturing processes related to reliability, quality, or increased yields
- Improving the quality or performance of existing products
- Streamlining manufacturing process through automation
- And many more…
Our expert R&D consultants support you every step of the way
Our industry-specific research and development tax credit consultants take the time to review all relevant processes, innovation, and documentation to uncover all manufacturing activities that qualify for R&D tax credits.
With extensive hands-on experience and knowledge of the manufacturing sector and its many facets, we can truly understand how your company innovates so that we can help you make a successful claim for the tax relief you are likely entitled to.
Download your free factsheet
We’ve put together a brief overview reference sheet summarizing research and development in the manufacturing industry.
Simply fill in your details to download your free factsheet and learn more about developing your business with R&D tax incentives.