R&D Tax Credits for Manufacturing

Home

Quick Links:

Is My Manufacturing Company Eligible For R&D Tax Credits?

Manufacturing companies play a major role in developing and improving products and manufacturing processes to maximize efficiencies and reduce waste, often utilizing new technologies to stay competitive. That is why they are among the top recipients of savings through R&D tax credits.

The R&D tax credit program incentivizes companies for keeping technical jobs based in the United States. Rewarding companies for these types of investments offers a way to refuel the cycle of innovation, generating capital for companies to hire additional technical personnel and expand their development capabilities.

Generally, if employees are attempting to develop or improve products or processes by way of functionality, performance, reliability, or quality and there is some level of technological uncertainty, there will likely be elements of qualified research activities (“QRA”) that may be quantified and translated into cash back for the company.

Webinar: Bolster R&D Tax Credits with Automation

Many manufacturing companies spend more time and money than they should to calculate and substantiate R&D tax credits. In this webinar, Global Tax Management’s Jonathan…

Watch Now »

June 16, 2021 No Comments

Specific Examples of Qualified Activities

Generally, if employees are attempting to develop or improve products or processes by way of functionality, performance, reliability, or quality and encounter some level of technical uncertainty there will likely be elements of qualified research activities (“QRA”) that may be quantified and translated into cash back for the company.

Developing and testing new or improvements to products or processes to improve the overall functionality, performance, quality or reliability of that product or process
Designing tools, molds, or dies
Attempting to increase manufacturing efficiencies – even incrementally – to maximize output or throughput while lowering lead times or reducing waste
Designing and implementing automation tools using artificial intelligence, big data, or machine learning to automate phases of a manufacturing process
Designing, developing, or testing prototypes including 3D models and computer simulations created as part of the engineering process
Testing materials or material alternatives to evaluate its quality or functionality for a specific product
Attempting to develop supply chain efficiencies throughout the product development life cycle
Attempting to reduce the cost of developing and manufacturing products

Estimate Your R&D Tax Credit
Savings Potential

GTM’s R&D Tax Credit Calculator is a quick way to analyze your company’s data and identify opportunities to increase cash flow through R&D Tax Credits. Results will be returned to you via the email address you provided within a few minutes of your submission.

"*" indicates required fields

Step 1 of 10

Select your country*

Is your current R&D Tax Credit service provider charging you too much?

GTM’s Service Provider ROI Calculator is a quick way to assess if the fees you’re currently paying to an outsourced provider for R&D Tax Credit services can be reduced by switching to GTM. Results will be returned to you via the email address you provided within a few minutes of your submission.

"*" indicates required fields

Step 1 of 3

What is your current gross claim?*

Please enter a number greater than or equal to 0.

Research & Development Tax Credit Expertise When You Need It

Budget constraints and talent shortages often leave domestic and multinational companies lacking in dedicated in-house resources that have the time or proficiency to manage the R&D tax, cost segregation, and other credits and incentives functions.

GTM addresses your R&D tax needs without adding full-time overhead to your business. Our team of R&D tax consultants work side-by-side with you to identify and maximize key savings opportunities wherever you are, whether local, national, or international. We can help you avoid paying unnecessary taxes, obtain tax refunds, manage operational costs, and enhance the economic value of company initiatives.