Machine Shop Saves Over $75,000 with R&D Tax Credits
![machine-shop-rd-tax-credits](https://www.jec-llc.com/hs-fs/hubfs/Cunningham_2023/Migration/machine-shop-rd-tax-credits.jpg?width=1200&height=785&name=machine-shop-rd-tax-credits.jpg)
$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
![](https://2785898.fs1.hubspotusercontent-na1.net/hub/2785898/hubfs/Increasing%20cash%20flow%20through%20income%20tax%20reduction-Jul-19-2024-01-36-27-4416-PM.png?width=768&height=512&length=768&name=Increasing%20cash%20flow%20through%20income%20tax%20reduction-Jul-19-2024-01-36-27-4416-PM.png)
The Four Pillars Of Tax Reduction: What Arnold Palmer Can Teach Us About Taxes
The Four Pillars Of Tax Reduction. Strategies to reduce income, payroll, transactional, and transfer…
Read More![](https://2785898.fs1.hubspotusercontent-na1.net/hub/2785898/hubfs/Canva%20images/Canva%20Design%20DAGHGkoVjYw.png?width=768&height=512&length=768&name=Canva%20Design%20DAGHGkoVjYw.png)
Strategic Business Structures: How Entity Structure Impacts Taxes During an Exit
Uncover the crucial role business structures play in determining tax implications when exiting a bus…
Read More![](https://2785898.fs1.hubspotusercontent-na1.net/hub/2785898/hubfs/Canva%20images/Canva%20Design%20DAGIrl3HuDw.png?width=768&height=512&length=768&name=Canva%20Design%20DAGIrl3HuDw.png)
9 Tips To Improve Cash Flow For Construction Companies
Improve cash flow for construction companies with strategic tax optimization tips. Maximize deductio…
Read More![](https://2785898.fs1.hubspotusercontent-na1.net/hub/2785898/hubfs/Canva%20images/Canva%20Design%20DAGHFu-jFiQ.png?width=768&height=512&length=768&name=Canva%20Design%20DAGHFu-jFiQ.png)
Understanding Tax Advantages And Disadvantages of Different Exit Options
Maximize your profits by understanding the tax implications of different exit options when selling y…
Read More![](https://2785898.fs1.hubspotusercontent-na1.net/hub/2785898/hubfs/Canva%20images/Canva%20Design%20DAGGuNzpCT4.png?width=768&height=512&length=768&name=Canva%20Design%20DAGGuNzpCT4.png)
The Tax Implications of Inherited IRAs: Understanding Distribution Options
Uncover the complex world of tax implications when it comes to inherited IRAs and learn how benefici…
Read More![](https://2785898.fs1.hubspotusercontent-na1.net/hub/2785898/hubfs/Canva%20images/Canva%20Design%20DAGGt46SaBI.png?width=768&height=512&length=768&name=Canva%20Design%20DAGGt46SaBI.png)
Planning for Retirement Accounts and Taxes: Avoiding Beneficiary Mistakes
Learn how properly planning for retirement accounts can help you avoid costly mistakes for your bene…
Read MoreContact Us to Discuss How We Can Best Support You
![bof-cta-placeholder](https://www.jec-llc.com/hs-fs/hubfs/Cunningham_2023/bof-cta-placeholder.png?width=528&height=559&name=bof-cta-placeholder.png)