If you work in textile, leather, paper and printing, chemical or petroleum, non-metallic mineral, metal, wood, smelting, pressing, transport equipment, or any other kind of manufacturing, you could save thousands of dollars — risk-free.
– Designing and developing custom tooling and fixtures
– Developing prototypes to meet customer requirements
– Automating manual processes with software
– Designing, building, and testing first article prototypes
– Performing custom fabrications for customer needs
– Improving processes to increase yield or performance
– Increasing reliability with quality assurance processes
– Developing new or improved process or products to meet federal or state regulatory requirements
– Creating new or improved techniques to increase performance of a product or process
It’s a tax credit the U.S. government provides for qualified Research and Development (R&D) activities to incentivize innovation.
It means that your company could save up to $300,000 on taxes — offsetting things like payroll and helping propel your business.