In today's highly competitive business environment, innovation is the driving force behind the success of manufacturing companies. Governments worldwide recognize the role played by manufacturers in promoting technological advancements and, as a result, offer Research and Development (R&D) tax credits to encourage investment in technical innovation.
There are many ways manufacturing companies can qualify for R&D tax credits, and eligible activities span a broad spectrum, ranging from product development and process improvement to the creation of new materials and technologies. Examples of qualified research activities include:
Manufacturing companies play a pivotal role in driving economic growth through innovation. The R&D tax credit serves as a powerful incentive for these companies to continue investing in the creation of new technologies. As the manufacturing landscape evolves, leveraging the R&D tax credit becomes increasingly crucial for companies looking to invest in their future success.
Contact Earnd so we can help your company qualify, quantify, and claim the credit you deserve for your company’s investment in R&D.