Manufacturing Research & Development Tax Credit
Maximizing your opportunity for success
A significant portion of R&D tax credits are given to the manufacturing industry. But the diversity of manufacturing segments makes it difficult to determine whether R&D tax credits are applicable. All manufacturers should discuss their business with an R&D tax specialist such as Apex Advisors.
EXAMPLES OF QUALIFYING MANUFACTURING ACTIVITIES INCLUDE
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FROM CONCEPT TO PRODUCTION
R&D TAX CREDITS IN THE MANUFACTURING INDUSTRY
R&D tax credits are concerned with activities, not just allocated R&D budgets. Qualified R&D activities generally start at the point of initial product development and continue through testing. Once a product has been finalized and put into production, R&D no longer applies.
Manufacturing
Many manufacturing and distribution firms are not aware that the government has enacted tax changes that help them recover cash based on activities that most consider day-today operations. Efforts made to design and develop products and manufacturing processes for optimal performance and efficiency can entitle a company in the manufacturing industry to generous research and development tax credits.
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THE APEX ADVISORS R&D TAX CREDIT PROCESS
From study to processing
We utilize a comprehensive process that ensures all possible R&D activities are considered and calculated with accuracy. The Preliminary Assessment is provided to companies at no cost. The estimated duration of all phases is 2 to 3 months.
Manufacturing engagement
A typical R&D study for a mid-market manufacturer runs eight to twelve weeks. Field interviews with your engineering staff. Wage allocation by qualifying activity. A substantiation package ready for filing — and for examination.
Request the assessment