R&D Manufacturing Tax Credits
U.S. Businesses save more than $12 BILLION annually with R&D Tax Credits!
Take Advantage of Research & Development Manufacturing Tax Credits.
- Over 40 industries qualified
- Credit is now available to small business
- Up to 3-year “look-back” for credits that were never claimed!
What is the R&D Manufacturing Tax Credit?
The Research and Development tax credit is a government-sponsored credit developed as an economic incentive for companies to conduct research in the United States. Industries ranging from software development to aerospace, tech, and biopharmaceuticals can take advantage as there are no restrictions on the type of industry. R&D tax credits may apply to any taxpayer that incurs expenses for performing qualified research activities in the United States.
Quick History:
In a temporary effort to boost the economy in 1981, the federal government sought to use the passage of the Research and Experimentation tax credit to reward businesses for investing in research. With the rapid changes in technology in the past decades, companies across multiple industries have seen increasing challenges to constantly innovate their products or processes to compete across a global economy. Business owners small and large understand the expensive and time-consuming risks that drastic innovations pose and thus, often failing– yielding
In 2015, these tax credits were made permanent with the passage of the PATH Act of 2015. In addition to becoming permanent, the Protecting Americans from Tax Hikes act expanded R&D credit provisions to start-ups and small businesses. The R&D tax credit is now available to any U.S. business that spends time and resources on new development, improvements, or technological advancements in an effort to improve upon its products or processes. The credit could also be available to American Business owners that have improved upon the performance, functionality, reliability, or quality of existing products or trade processes.
How much have you overpaid?
The biggest reason for small businesses not taking advantage of the R&D tax credit is self-censoring. Prior to the PATH Act, the traditional method of calculating and filing for the credit was a process that wasn’t worth the effort for small business owners and their tax advisors alike. Now, thanks to the new broadened terms and calculation methods, along with the ability to lookback 3 years and amend returns, business owners are putting substantial dollars back into their business.
By going through the Business Qualification Process with your consultant and by providing our CPAs with pertinent tax filing information in accordance with your business structure, we can conduct a feasibility study free of charge to see if your business qualifies.
Who is eligible for Research & Development Tax Credits?
The R&D tax credit is now available to any U.S. business that spends time and resources on new development, improvements, or technological advancements in effort to improve upon its products or processes. The credit could also be available to American Business owners that have improved upon the performance, functionality, reliability, or quality of existing products or trade processes.
- Aerospace
- Agriculture
- Apparel
- Architecture
- Automotive
- Biotech / Life Sciences
- Breweries / Wineries
- Coatings and Adhesives
- Chemical
- Commercial Bakeries
- Construction
- Distribution
- Electronics
- Energy
- Fabricators
- Food Processors
- Food Products
- Furniture Makers
- HVAC
- Insurance
- Jewelry Design
- Job Shops
- Medical Devices
- Oil and Gas Refineries
- Package Design
- Pharmaceuticals
- Plastic Injection Molding
- Research and Development Facilities
- Telecommunications
- Tool and Die
- Transportation
Simple. Accurate. Risk-Free.
NUR’s unique approach requires minimal client involvement. We have a one-page audit agreement and a letter of authorization. Then, just send us copies of your most recent bills for every utility account and sit back and relax as our comprehensive offsite audit handles the rest. From analyzing historical usage for refundable overcharges to verifying contract discrepancies and removing unnecessary charges. We’ll provide you peace of mind in knowing that your invoices are 100% accurate and cost-efficient.
Simple and stress-free approach.
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What will this cost?
There is ZERO Cost for NUR to conduct a CPR (credit projection report). If you decide to move forward, then we will receive a percentage of the amount of credits received. No risk, no obligation.
Myths about Research & Development Tax Credits
Aren't R&D tax credits only available for larger companies?
Absolutely false! Any size company can qualify for an R&D tax credit. The IRS does not restrict R&D tax credits to companies above a certain revenue. NUR recommends that every company with a tax liability complete an R&D tax review to ensure they are not leaving money on the table.
Can I only claim credits for R&D activities in the current tax year?
No! You can claim credits for R&D activities within the past three years! NUR’s tax team will assist in this process by completing amending tax returns so you can maximize the R&D credit you are entitled to.
Won't filing for an R&D credit trigger an audit?
No! Simply filing an R&D credit claim won’t cause an audit. However, working with tax experts familiar with the R&D tax credit and audit process will help to: (1) ensure the R&D tax credit claim will survive an audit (2) to identify efficient processes for supporting the R&D tax credit claimed every year. We follow the tax law and will never claim a credit we cannot defend for you or your business. Frankly, it would be a waste of our time and your time to claim credits that would put you at risk!