MANUFACTURING RESEARCH & DEVELOPMENT TAX CREDIT

  • Aerospace Manufacturing
  • Apparel and Textiles Manufacturing
  • Automotive Parts Manufacturing
  • Building Systems Control Manufacturing
  • Chemical Manufacturing
  • Electronics Manufacturing
  • Firearms & Ammunition Manufacturing
  • Medical Equipment Manufacturing
  • Food & Consumer Packaged Goods Manufacturing
  • Foundries
  • Job Shops
  • Life Sciences
  • Metals
  • Oil & Gas
  • Plastics Manufacturing
  • Telecommunications
  • Tool & Die Manufacturing
  • And More

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

  • Manufacturing products
  • Developing new, improved or more reliable products/processes/formulas
  • Designing tools, jigs, molds and dies
  • Developing prototypes, models, and samples (including computer generated models)
  • Developing patents
  • Adding new equipment (labor and engineering cost aspects)
  • Testing new concepts and technology
  • Attempting the new use of materials and compounds
  • Performing testing
  • Developing, implementing or upgrading systems and/or software
  • Performing environmental testing

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.

Client A

  • Employees: 51
  • Revenue: $7,326,000
  • Total Credit: $53,000 **

Client B

  • Employees: 190
  • Revenue: $15,913,000
  • Total Credit: $166,000 **

Client C

  • Employees: 279
  • Revenue: $74,006,000
  • Total Credit: $280,000 **

Federal Only (*) or Federal & State (**)

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.