R&D Tax Credit By Industries
At Engineered Tax Services, we work with a variety of specialized industries to see if they qualify for the R&D Tax Credits. Each industry has its expenses, qualifying activities, and skilled labor needs, and we review those qualifying areas with our clients to ensure they get the most out of the R&D Tax Credits.
Some of the industries we work with include:
Sometimes it seems like R&D tax credits were devised with the pharmaceutical industry in mind. Find out what activities that qualify for the Pharmaceutical industry.
If you’re affiliated with a plastics and injection molding company, your industry is an ideal candidate for research and development (R&D) tax credits, but you might be unaware of it.
If you’re in the machining industry, we have a solution that could save you serious money. Research and development (R&D) tax credits are federal and state tax incentives designed to encourage innovation and technical design improvement; they reimburse companies that develop new products, processes, or inventions by up to 13 percent of the cost of qualifying research activities.
Did you know AEC industries qualify for the R&D Tax Credits? Learn more about the qualifying activities in the architect, engineering, and construction industries.
Because of its technological nature, the field of software development is ideal for federal research and development (R&D) tax credits. If you’re a software developer, R&D tax credits can reimburse you for developing new products, processes, or inventions.
Today, agriculture and technology work hand-in-hand. In fact, if you’re in agriculture, you’re probably engaged in activities right now than could win you substantial federal and state tax benefits in the form of research and development (R&D) tax credits.
Many food manufacturing businesses and companies in the food processing industry don’t realize they’re eligible for research & development (R&D) tax credits
If you’re part of the aerospace industry, research and development (R&D) tax credits are powerful tax-saving solutions that should definitely be on your radar. In fact, they’re ideal for this highly technological vertical.
There’s no question that the automobile industry spends billions of dollars a year to create new products and perfect existing ones through research and development (R&D). But if you’re a member of the auto industry (or a CPA firm with automobile clients), did you know that both federal and state R&D tax credits could reward you for fostering technological innovation in the U.S.?