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Cost Segregation

Research & Development

Tax Credits

The research tax credit of IRC § 41 remains a valuable source of support to businesses that conduct qualified research and development. With tax reform, often referred to as the Tax Cuts and Jobs Act (TCJA), introduced many new changes for businesses, the R&D tax credit continues to provide reliable opportunities for reducing income tax liabilities. These services often save companies hundreds of thousands of dollars.

R&D credit eligibility is also much broader than many companies realize, applying to not only the development of products, but also activities and operations, such as new manufacturing processes, environmental improvements, software development, and quality enhancements. When you create products that are lighter, faster, and less expensive or more durable, reliable, or precise, the R&D tax credit adds up to money you can reinvest in your business.

Some of the industries that qualify for the credit include manufacturers (high and low tech), tool and die/job shops, software developers, plastic mold injection companies, architectural and engineering firms, mechanical and electrical contractors, food processors, apparel/textile companies, the oil and gas industry, pharmaceutical companies, agribusiness and chemical companies, among others.