Pet Products Industry R&D Tax Credits Available
Companies in the pet products industry, whether processing pet food or manufacturing toys and pet supplies, are always on the lookout for new innovations and new products. Unfortunately for their business cash flow, many pet supply businesses forgo the possibility of getting research and development (R&D) tax credits for improving their processes. The business tax professionals at Ayming USA guides pet product companies through the R&D tax credit consultation process, giving them new cash flow avenues unavailable previously.
Download R&D Tax Credits in the Pet Products Industry Now
Pet product industry experts who understand your business
Our long track record of helping businesses of all types and sizes allows us to identify opportunities and incentives to continue investing in R&D activities
Ayming USA’s industry-specific consultants have hands-on experience and knowledge of the Pet Products sector. We always take the time to understand how your company innovates so that we can identify qualifying R&D expenditures to help you make a successful claim for R&D tax credits.
Technological and sustainable innovations are daily challenges for companies in the pet products 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 in the pet supply sector?
If your business is involved with any of the following development 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:
- Efficiency improvements to manufacturing, such as automation integration and cost reductions
- New or improved product formulations and recipes to meet nutrition, ingredient, and particle size requirements
- Testing of prototypes to validate nutrient density, microbiological activity, and shelf life
- And many more…
Download your free factsheet
We’ve put together a streamlined summary of research and development in the Pet Products industry. Simply fill in your details to download your free factsheet and learn more about building your business with R&D tax incentives.