Why R&D Tax Credits for Tool, Die, and Machinery Companies? What looks like a normal day in a tool and die shop, working through a difficult geometry, adapting a die for a new material, solving a tolerance problem, is activity that meets the federal definition of qualifying research. When your team develops new tooling, refines […]
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Why R&D Tax Credits for Manufacturing Companies? The R&D Tax Credit was originally built with manufacturers in mind, and the qualifying criteria maps directly onto what most production and development teams do every day. When your team is developing new products, refining existing ones, testing process changes, or working to reduce defects and cycle times […]
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Why R&D Tax Credits for Engineering Firms? Most engineering firms qualify for the R&D Tax Credit because technical problem-solving and iterative design are, by definition, qualifying research activities under federal tax law. When your team evaluates multiple approaches to resolve design uncertainty, develops new systems or methods from the ground up, or works through challenges […]
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Why R&D Tax Credits for Pharmaceutical Companies? Drug development is among the most clearly defined qualifying research categories under federal tax law, which means pharmaceutical companies are often sitting on one of the largest R&D credit opportunities of any industry. Employee wages tied to qualifying work, supply costs consumed during development, and third-party contractor expenses […]
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