Accelerate Your Manufacturing Innovation with R&D Tax Credits

Are you a manufacturer seeking to maximize your Research and Development Tax Credits? 

Innovation is vital for manufacturing success, driving process efficiency and product development. R&D tax credits can ease the financial burden, yet many companies miss out due to a lack of awareness. Explore the potential opportunities for your business today.

See if you qualify for the R&D Tax Credit

You may have some initial questions about the R&D Tax Credit and how it may apply to your business. To help, information related to some of the most common questions we are asked is provided below. 

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How can R&D tax credits benefit manufacturing businesses?

R&D Tax Credits can significantly reduce your tax liability, allowing you to reinvest in research, development, and technological advancements. It's a powerful financial tool to enhance your competitive edge. Particularly as fellow manufacturers are already reaping the benefits from claiming the R&D Tax Credit.

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What manufacturing activities qualify for R&D tax credits?

Any activities aimed at improving products, processes, or materials may qualify. This includes developing new manufacturing processes, optimizing existing manufacturing processes, in addition to designing new products or enhancing existing products. ABGi USA's experts can help you identify and document these eligible activities.

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Examples of qualified R&D activities:

  • Design and fabrication of specialized tooling and fixturing for use in the manufacturing process.
  • Design and fabrication of specialized molds and dies for use in the manufacturing process.
  • The development of CNC programming required to manufacture the product.
  • Conducting and evaluating the results of the first article or sample test runs.
  • Improvements to the manufacturing process to facilitate full scale-up of production.
  • Integration of new equipment into the process to ensure the performance and functionality of the manufacturing process is achieved.
  • Developing the most effective method and machinery needed for the casting, forming, machining, finishing, or coating the product.
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What documentation is required to claim R&D tax credits?

Documentation may include such items as process control forms, travelers, quality assurance reports, design documents, project plans, and financial records related to R&D activities. ABGi USA will work closely with your team to gather the necessary documentation.

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Can you claim R&D tax credits for failed projects?

Yes, even if a project doesn't result in a successful outcome or may still be ongoing, you may still be eligible for R&D Tax Credits. It's about the effort and innovation involved, not just the final product.

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How does the process work with ABGI USA?

Our process is straightforward:

  1. Assessment: We evaluate your R&D activities to determine eligibility.
  2. Documentation: We work closely with your team to gather the necessary documentation and ensure your activities meet the IRS criteria.
  3. Claim Preparation: Our experts prepare a comprehensive R&D Tax Credit claim.
  4. Optimization: Continually explore opportunities to maximize your credits and minimize the time needed by your staff.
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"I have been incredibly pleased with the services provided by ABGi USA over the time we have partnered together. ABGi’s expertise in the R&D tax credit has greatly benefited our company and helped contribute to our continued growth. The team at ABGi demonstrated an in-depth understanding of our industry, effectively identifying eligible activities and expenses, and ultimately providing us with the maximum R&D Tax Credits we were entitled to."

- President, Manufacturing Company

Why Choose ABGi USA?

We are a reliable tax service consulting firm with over 30 years of experience partnering with American businesses to reduce their tax liability by maximizing tax incentives that stimulate business growth, innovation, and advancement.

  • Our extensive experience with the R&D tax credit enables us to identify the exact information needed to determine qualified expenditures, minimizing the valuable time spent by your staff.
  • By working with hundreds of companies in the manufacturing industry, we are able to quickly understand how your specific company operates, what costs are relevant, and the steps necessary to calculate the credits.
  • Our team includes industry, accounting, and legal professionals whose goal is to provide an excellent customer experience and provide you with the maximum credits you are entitled to while leaving as small a footprint on your business as possible.