Research Tax Credits
Many taxpayers continue to regard Research and Development (R&D) as an activity associated solely with high-tech, biotech and pharmaceutical type companies; however, under new tax regulations, a company may qualify for the R&D credit for numerous activities that historically have been regarded as "simply doing my job". Many taxpayers miss out on qualified R&D expenditures in areas such as engineering, quality assurances, product improvement, marketing, purchasing, manufacturing, and information technology. At Swink, Fiehler & Company, P.C., we can assist you in identifying qualified R&D expenditures and help maximize the credit available to you.
- Manufacture products
- Perform certification testing
- Develop new, improved or more reliable products, processes or formulas
- Develop or improve production/manufacturing processes
- Develop prototypes or models (including computer generated models)
- Develop, implement or upgrade systems and/or software
- Design tools, jigs, molds or dies
- Develop production control software
For more information on R&D tax credits, contact info@sfccpa.com.
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