Machine Shop Saves Over $75,000 with R&D Tax Credits
$2.3M – $2.7M Machine Shop Achieves $75,000+ Initial Tax Savings
Primary Activities: Company is prototypical machine shop with 40% repeat work and 60% new parts.
Machine Shop Qualifying Activities for R&D Credit
Qualifying activities for R&D credits include 3D modeling, machine design, CNC programming, engineering, value added design services, custom tooling, process improvement, LEAN / six sigma and quality initiatives.
R&D Tax Credit Strategy Total Impact
3 Year QREs Identified : $1,430,754
Estimated Annual – Forward $450,000 – $550,000
Total Initial Tax Impact = $75,000+ in tax savings
Estimated Annual – Forward = $18,000 – $25,000 annual tax savings
4:1 ROI
Industry
Manufacturing
Blogs and Resources
Is Owning Investment Property Hard?
Discover the truth about owning investment property. Learn about setting realistic expectations and …
Read MoreSo You Lost Your CFO: The Advantages of Outsourced CFO Services
Discover how outsourced CFO services can help your business reduce costs and improve efficiency.
Read More10 Important Tax Considerations For Software & Technology Companies
Important tax considerations for software & technology companies, including R&D tax credits, stock o…
Read More10 Important Tax Considerations for the Construction Industry
Discover 10 important tax considerations for construction firms. From R&D tax credits to energy-effi…
Read MoreDid I Miss Depreciation Benefits? Change of Accounting Method and the 481(a) Adjustment for Real Estate Investors
Unlock missed tax benefits with Form 3115 and the 481(a) Adjustment for real estate investors. Learn…
Read MoreUnderstanding The Depreciation Benefits of Real Estate Investment: CSS, PADs, 179, QI, and More!
Dive in to the world of real estate depreciation benefits, from cost segregation studies to QIP enha…
Read More