Highlights in the Case Study
- Firm Overview
- Yearly Earnings: $5 – $10 Million
- Workforce: 50 – 75
Businesses operating within the Precast Concrete Industry dedicate their efforts to research and innovation, aiming to develop cutting-edge concrete products and streamlined fabrication methods. These advancements contribute to swifter and more cost-effective construction of infrastructure and commercial properties. Entities within this sector invest substantial resources into creating portable concrete components and systems, designed for off-site manufacturing and easy transportation. This approach minimizes on-site excavation requirements and eliminates the necessity for on-site concrete forming.
The Three Types of Research and Development
Businesses should consider claiming the Research and Development tax credit for various reasons, but eligibility must be determined and three types of R&D align with the business's nature.
Common Challenges When Claiming R&D Tax Credits
Although claiming this credit can offer considerable benefits for companies engaged in R&D efforts, the process can be challenging.
R&D Tax Credits Can Help Your Startup
Running a startup is all about innovation and making the most of your resources. But what if you're not yet turning a profit?