As a Manufacturing firm, you can benefit from the Research and Development Tax Credit. EPSA USA is here to help you determine your eligible activities.
What are the eligible manufacturing R&D activities?
Several activities are eligible for the R&D Tax Credit. The R&D Tax Credit aims to reward a wide variety of manufacturers that engage in qualified research activities per IRS criteria. Below is a list of example activities that qualify for the R&D Tax Credit:
- New or improved product design
- Product prototype development and testing
- Development and implementation of new or improved manufacturing equipment and/or processes
- Programming production automation controls
- Unique fixture design and development
These activities are eligible for the R&D Tax Credit but this is not all – other activities are also eligible for manufacturers. You can request an assessment to find out if your activities can qualify for the research and development tax credit.
You can include personnel expenses to claim your eligibility to the R&D Tax Credit
There are a variety of job roles that are eligible R&D expenses to claim the R&D Tax Credit, including:
- Project Engineer
- Automation Engineer
- Process Technician
- Tool & Die Maker
- Application Engineer
- Production Manager
- Quality Assurance
- Designer
- Lab Technician
- Direct Supervisors
If some of your employees hold these type of positions, you can possibly include them in your R&D Tax Credit calculation. This is just a sample of the job titles and functions that qualify – some job roles may not be listed here but are eligible for the R&D Tax Credit.
Do not hesitate to request an assessment of your eligibility for the Research and Development Tax Credit. Our team will contact you shortly to assess your eligibility.