Exploring R&D Tax Credit Application in the Precast Concrete Sector

R&D Tax Credit

small business

Deborah Roth, CPA
August 3, 2023

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.

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Section 174 Explained

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

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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.

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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?

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