Did you know that R&D tax credits can bring small and medium-size manufacturers tens of thousands of dollars?
IMC does. And if you’re a Central Pennsylvania manufacturer, we can help you identify and take advantage of the potentially massive savings.
It was once widely believed that most companies that make their own products didn’t have R&D taking place, which simply isn’t true. R&D tax credit law has been recently clarified to include a wide variety of small to mid-size manufacturers – not just high-tech, biotech and pharmaceutical companies. That means R&D tax credits are out there. And we can help you find them.
R&D Tax Credits: Easier Than You Think
For manufacturers that haven’t previously taken advantage of R&D tax credits, there is potential to claim tens of thousands of dollars – and sometimes $100,000, or more. IMC works with a trusted third-party provider to help guide small and mid-sized manufacturers through the R&D tax credit process. If your company performs any of the following services, you may qualify for a substantial tax credit.
- Manufacture products
- Develops new, improved or more reliable products/processes/formulas
- Develops prototypes and models including computer generate models
- Designs tools, jigs, molds and dies
- Develops or applies for patents
- Performs certification testing
- Conducts testing of new concepts and technology
- Develops new technology
- Attempts using new materials
- Performs environmental testing
- Adds new equipment
- Develops or improves production/manufacturing process
- Develops software or hardware
- Improves or builds new manufacturing facilities
- Automates/streamlines internal processes
Does that list include your Central Pennsylvania manufacturing firm?
Contact Us | info@imcpa.com | (570) 329-3200 to the right to learn how we can help you claim R&D tax credits.
