Contrary to popular myth, this credit is not limited to companies in the high-tech, biotech and pharmaceutical sectors. In recent years, there has been significant clarification to the R&D tax code which establishes more lenient interpretation of what qualifies. Today, the R&D Tax Credit can apply to a variety of areas including manufacturing, engineering, quality assurance, marketing and information technology.
Does your company...- manufacture products?
- develop new, improved or more reliable products/processes/formulas?
- develop prototypes and models including computer generated models?
- design tools, jigs, molds and dies?
- develop or apply for patents?
- perform certification testing?
- conduct testing of new concepts and technology?
- develop new technology?
- attempt using new materials?
- perform environmental testing?
- add new equipment?
- develop or improve production/manufacturing process?
- develop software or hardware?
- improve or build new manufacturing facilities?
- automate/streamline internal processes?
- does your company hire outside consultants/contractors to do any of these activities?
