R&D Tax Credits for Agriculture Companies
Agriculture Companies Companies in the agricultural and farming industries are often performing qualifying research and development activities without realizing they are eligible for R&D tax credits. When managing resources used in producing food, agricultural and farming businesses need to create innovative technology and systems. Companies may be taking part in qualifying research activities that allows […]
R&D Tax Credits for Aerospace and Defense Companies
Aerospace and Defense Companies A wide range of common aerospace industry practices can qualify a company for R&D tax credits. Industry technologists, engineers, designers, and machinists spend a large amount of time developing and improving their design and manufacturing practices in order to stay competitive with the other companies within the industry. Qualifying activities include […]
R&D Tax Credits for Telecommunication Companies
Telecommunication Companies Many companies within the telecommunications industry are performing research activities that entitle them to possible R&D tax credits. Due to the growing nature of the industry, research and development activities performed to improve the products, processes, and software of a company could qualify them for the lucrative credit. Qualifying activities include Developing custom […]
R&D Tax Credits for Education Technology Companies
Education Technology Companies Companies that work in the education technology (EdTech) space are able to claim R&D tax credits for performing qualifying research activities with the intention of creating or enhancing the learning experience. Due to the rapidly increasing price of education, Edtech companies are offsetting the costs spent on creating innovative technology with R&D […]
R&D Tax Credits for Financial Service Companies
Financial Service Companies Companies within the financial services industry are able to reap the benefits of R&D tax credits as a reward for their research activities. Many companies are performing qualifying activities daily to improve and develop their products, processes, software, and technology that qualifies them for R&D tax credits. Qualifying activities include Automating manual […]
R&D Tax Credits for Automotive Companies
Automotive Companies Companies within the automotive industry are able to qualify for R&D tax credits for the qualifying research activities and steps they are taking in order to make products and processes more efficient and environmentally friendly. This lucrative tax credit is sometimes overlooked because the qualifying activities often take place in the plant or […]
R&D Tax Credits for Apparel and Textile Companies
Apparel and Textile Companies Companies within the apparel and textile industry are able to qualify for R&D tax credits for steps that are taken to improve or develop existing products, and manufacturing processes. Many companies are performing qualifying activities in their day to day operations already, including the construction of dye formulas, fabrics, waterproof clothing, […]
R&D Tax Credits for Startup Companies
Startup Companies Startup companies have been shutout in the past from obtaining R&D tax credits due to lacking tax income liabilities. Thanks to a 2016 provision made to the credit broadening the variety of industries that are able to qualify, startup companies are able to reap the benefits of R&D for their efforts in creating […]
R&D Tax Credits for Food and Beverage Companies
Food and Beverage Companies Companies within the food and beverage industry are constantly evolving to keep up with their competition, and the industry’s evolving health and safety standards. Many companies are able to reward themselves with R&D credits for the steps they are already taking to develop and improve their food and drink products. Qualifying […]
R&D Tax Credits for Manufacturing Companies
Manufacturing Companies Manufacturing companies often miss out on claiming R&D credits simply because they don’t recognize their work as being innovative, but rather routine. R&D credits are available for manufacturers who are taking steps to improve the manufacturing process by making it more advanced, environmentally friendly, and efficient. Companies performing activities such as process design […]