Exploring Aerospace Building: A Detailed Case Study

R&D Tax Credit

By
Deborah Roth, CPA
on
August 3, 2023

Key Insights from the Case Study

  • Aerospace Industry Focus
  • Simulation and Design Modeling
  • Iterative Prototyping Advancements
  • Accumulated Annual Net Benefit: Nearly $75,000

The subject of this case study revolves around an aerospace enterprise that operates as a specialized research and analysis entity. Their expertise lies in the realm of aerospace guidance, navigation, and control (GN&C) design, analysis, integration, and testing. Their research and development endeavors are particularly centered on areas like rendezvous, proximity operations, and the intricate process of capturing in-flight space flight phases, which includes automated rendezvous and docking procedures. The company boasts an extensive history of dealing with both crewed and un-crewed spacecraft, covering a spectrum that spans from automated flight design to manual operation, with an unwavering focus on ensuring safety and the attainment of mission objectives.

continue reading

Section 174 Explained

Section 174 of the Internal Revenue Code now defines the treatment of Specified Research or Experimental (SRE) expenditures. Learn more!

read on

Common Misconceptions About R&D Tax Credits For Startups

Each year, numerous qualifying businesses miss out on the advantages of R&D tax credits. Discover the common misconceptions.

read on

Understanding the Alternative Simplified Credit Calculation for R&D

The ASC method offers a simple alternative, particularly for companies with a limited R&D history. Is it the right method for you?

read on