Research and Development Tax Credits for Engineering Companies

Engineering firms that provide design & build services, use new and innovative materials and technologies, and hire outside engineers and architects to assist with design, building and/or testing likely qualify for Federal and state research and development credits. This credit is a significant and useful resource for engineering firms. It can be a lucrative investment, and the dollar-for-dollar credit can help stimulate growth in your company.

Qualifying research expenditures include:

  • Wages of individuals performing, supervising, or assisting r&d activities
  • Cost of materials consumed in the development of prototypes and new products
  • 65% of payments to outside consultants
  • Partnership earnings
  • Schedule C profits

Examples of qualifying activities:

  • Developing alternative water flow/plumbing/electricity conduction systems
  • Developing or improving lighting within a structure
  • Developing or improving alternative ventilation/heating/cooling systems
  • Integrating product and material transportation systems into the functional design of the structure
  • Conducting environmental impact studies
  • Experimenting with new materials and technologies
  • Performing CAD modeling
  • Practicing design testing

See if you qualify – schedule your free assessment

Our assessment costs you nothing, other than 30 minutes of your time. We will explain how the credit works, gather some information and give you estimates on what your estimated credits are as well as our recommendations.

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