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 Mining & Minerals sector?
Transformation and technological development are daily challenges for companies in the mining & minerals 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.
With the elimination of Alternative Minimum Tax (AMT), companies engaged in various activities associated with mining operations and the processing of natural resources, can now pursue incentives like the R&D Tax Credit to further reduce their tax liability.
What counts as R&D?
Below is a list of just some of the qualifying activities for the mining & minerals sector:
- Refinement and purification processes
- Treatment and conversion techniques
- Technology utilized for production optimization
- 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 Mining & Minerals R&D Factsheet below to learn more about R&D in the Mining & Minerals sector and see more projects that qualify for R&D tax relief.