Top 3 R&D Tax Credit Case Studies
In this article, we discuss the top three R&D tax credit case studies that represent qualified businesses for research credits. In addition, we help you learn about their research activities, respective potential R&D job titles, and more.
The R&D tax credit is available for companies that are into developing/improving new/existing processes, products, services, or formulas. Every year, you can get dollar-for-dollar cash savings annually through the R & D tax credit program. Therefore, businesses must take this lucrative benefit to get more money. They can use this money for various tasks. For instance,
- Improving the existing production facilities
- Increasing research and development
- Hiring more employees
Research & Development Tax Credit Case Study for Software Development Industry
Qualified research activities within the software development company make you eligible for tax refunds. However, many software development businesses fail to take advantage of research credits every year. Our qualified tax consultants assist such businesses to yield a big amount of R&D tax credits.
Activities That Can Qualify Your Business for R&D Tax Credit
- Developing system software like operating systems, compilers, etc.
- Creating new database management techniques, new algorithms, or new architectures.
- Your company deals in technology designs like speech recognition, artificial intelligence, image processing, etc.
- Performing programming, coding, or software testing.
- Developing hardware and software products associated with interaction and communication.
- Dealing in cloud computing.
- Performing A/B testing.
- Your company designs, tests, and develops applications and platforms.
Potentially Eligible Job Titles for Research & Development Credit
The following are the job titles that can be eligible for research and development tax credit:
- Software analysts
- Software developers
- Senior tech leads
- Software programmers
- Director of a software development company
- Software integration engineers
Research & Development Tax Credit Case Studies for the Brewery Industry
Qualified brewery companies can yield a big amount of research tax credits every year through the R&D tax credit program. In conclusion, they can get much-needed cash to improve their internal and external business operations.
Activities That Can Qualify Your Business for R&D Tax Credit
- Performing quality assurance testing processes.
- Bottle conditioning.
- Designing packages to improve the shelf life of products.
- Dealing in wastewater methods or filtration methodologies.
- Validating or testing new recipe formulas.
- Testing prototype samples to analyze microbiological or analytical qualities.
- Dealing in hopping styles and techniques.
- Developing recipes or product formulations.
- Testing product ingredient combinations.
- Developing enhanced ingredient mixing methods or product formulations.
Potentially Eligible Job Titles for Research & Development Credit
The following job titles can qualify for research and development tax credit:
- Production operations manager
- Regional brewer
- Head brewer
- Lab manager
- Lab assistant
- Assistant brewer
R&D Tax Credit Case Studies for the Chemical Industry
Companies in the chemical industry can get tax refunds each year through eligible research activities for the R&D tax credit program. If your company takes efforts to design or develop new products or improve existing ones, you can yield a big amount of research credit.
Activities That Can Qualify Your Business for R&D Tax Credit
- Developing new applications for chemicals.
- Improving the chemical quality of shelf-life of chemicals.
- Working to reduce environmental impact through refining manufacturing processes.
- Developing new formulas, products, or raw materials for improved reliability.
- Manufacturing new products for validation and testing.
- Regulating compliance activities, data collection, lab equipment maintenance, or quality testing.
Potentially Eligible Job Titles for Research & Development Credit
- Chemical engineer
- Lab assistant
- Research associate
- QC analyst
- Formulation scientist
- QC manager
- Research analyst
- QC associate
- Analytical scientist
- Formulation chemist
- Analytical chemist
- Lab technician
Estimate Your R&D Tax Credit Benefits With The Best Tax Consultants
Qualified companies can get up to $250,000 of the R&D tax credits against their payroll taxes. We have assisted many companies across various industries for successful research credit claims. In addition, our tax consultants have assisted them to learn more about the new regulations set by the U.S. Treasury Department regarding eligibility and internal Software Use (IUS).
Contact us today at (800) 548 – 6098 to get your FREE tax assessment and estimate your R&D tax credit benefits.
