But beyond the obvious benefits that come with a more streamlined business, optimization could bring an added bonus for some companies in the form of R&D Tax Credits.
Whether you're optimizing your processes to reduce costs for your client, streamline your production, or to just find a better way to do what you do best, you could qualify for the R&D Tax Credit:
Here are a few examples of manufacturing process optimization initiatives that could further reduce your tax liability by qualifying you for R&D credits.
What you do on an ongoing basis to reduce cost, improve operational efficiencies, reduce time-to-market, and improve product quality, performance, and reliability are all potential candidates for additional R&D credits. This can provide additional funding to reinvest back into your business and help you be more competitive, profitable, and grow faster.
So, what are you waiting for?