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Research and Experimentation Tax Credits

The longstanding R&D Tax Credit has been around since 1981 and was made permanent in 2016 as a means to offset the Alternative Minimum Tax (AMT). Mueller Prost works directly with businesses in a wide range of industries to help them capture the appropriate amount of research credits available to them. Credits are available both at the federal level and in 35 states.

The R&D Tax Credit rewards companies like yours for investments in innovation, product development, and process improvements. You can benefit both by deducting the research expenditures, and by claiming the credit. This is a general business credit and a dollar-for-dollar tax reduction and can, obviously, have a significant impact on your tax liability.

Our team includes engineers, professional engineers, technical writers and financial leaders, all working together to help you maximize your benefits under this valuable credit – so you can continue to reinvest in your business.

Services

Eligible industries include:

  • Aerospace and Defense 
  • Agriculture and Farming 
  • Engineering 
  • Boat Manufacturing 
  • Chemical Manufacturing 
  • Computer and Electronic Product Manufacturing
  • Custom Manufacturing 
  • Dental Laboratories 
  • Design-Build Contracting
  • Electrical Equipment and Component Manufacturing
  • Energy and Utilities
  • Food and Beverage
  • High Tech
  • Medical Device Manufacturing 
  • Metal Casting and Fabrication 
  • Oil and Gas 
  • Pharmaceutical and Biotech
  • Plastics and Rubber Manufacturing 
  • Software Development 
  • Tool and Die 
  • Transportation Equipment Manufacturing

R&D Tax Credit

Do you qualify for the R&D Tax Credit? There are four basic requirements:

  • Qualified research activities include the development or improvement to a business component which may be a product, process, technique, formula, invention or software.
  • Research must involve the physical or biological sciences, engineering or computer science. You may use existing technologies or existing principles to satisfy this requirement.
  • The goal of the research must be to eliminate uncertainty (capability, method or design) related to the development or improvement of the business component.
  • The elimination of this uncertainty must be achieved through the process of experimentation, such as systematic trial and error, modeling, or simulation.

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