R&D Tax Credits For Electronics
Manufacturing

Don’t let your qualifying research and development efforts go to waste. GOAT.tax simplifies the R&D tax credit process to help innovative companies thrive.
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This is where the R&D tax credit really shines. Electronics manufacturing is rife with technical and financial risk, which means that the work being done qualifies for the credit

The 2020 electronics manufacturing market was worth an estimated $133 Billion, with the potential to grow to over $250 Billion by 2026. The importance of electronics manufacturing is only increasing, and the projected market value showcases that. With nearly every industry and household relying heavier on electronic products, the necessity for electronics manufacturing companies only increases.



With climbing risk and compounding operating costs, electronics manufacturing companies, especially small to medium-sized businesses, are often exploring new ways to increase cash flow. For these companies, the R&D tax credit can provide substantial assistance. QREs (qualified research expenses) encompass all the development expenses your company might incur during your development process, so if your company is already spending the money, you are entitled to benefit from this program. Development of products and processes entail technical and financial risk, which the R&D tax credit can help relieve.

$133 Billion

Market Value

$120 Billion

Projected growth in the next 5 years

Qualified Research Activities for Electronics Manufacturing Companies
Developing new or improved technologies (e.g., new production processes)
Using CAD tools to aid in the design of new or improved products
Design and development of tooling and fixtures
Software development associated with the manufacturing process (i.e. CNC machinery, PLC)
Building and testing prototypes
Designing cellular manufacturing systems and machine cell layouts
Evaluating new materials to be used in product and process development
Designing and building customized manufacturing equipment
Designing and evaluating manufacturing process improvements such as those associated with regulatory requirements, automation and robotic technological advancement, improvements associated with new quality standards and testing methods
Case Study

Real Businesses Qualify for R&D Tax Credits

With more than 30 years of experience in electronic manufacturing services and a cross-functional team comprised of 70+ employees, this manufacturing company handles projects from prototype to full product including material evaluation and procurement, cable and wire harness production, printed circuit board population, and full electromechanical assemblies and box builds.

R&D Qualifications for

Electronics Manufacturing

This contract manufacturing company works with a diverse customer base that requires varied levels of research and development across all projects. This particular case study qualified automation software and a custom-engineered fixture, which required significant R&D and testing. The automation software is used to create a communication link between component storage and a delivery system. Each change in design required testing to ensure compatibility and functionality. The new fixture is used to hold a unique manufacturing component that must have precision cuts and bends. Material selection and trial-and-error testing played a large role in development.

The Results Speak
for Themselves

In the first year, Source Advisors was able to increase the original tax credit estimate of $40,000 to a realized credit of $113,000. Over the next five-year period, federal credits grew by another 55%. This contract manufacturing company has multiple projects that require R&D so they continue to plan accordingly to ensure maximum benefits through annual R&D Tax Credit studies.
How it works

The R&D credit  made easy. Like, really easy.

Our experts have filed over 9,800 tax credit studies, giving us unmatched experience in the R&D tax credit. All of that experience was compiled into GOAT.tax for a software that truly simplifies research and development tax credits.

Automate

Just connect your payroll system, and we'll do the work of bringing your data into our platform.

Allocate

We will guide you in accurately qualifying your research expenses. We have over 50 tax professionals, ready to provide support.

Generate

Our SmartCreditEngine crunches the numbers to make sure you get the maximum tax benefit. Your tax credit study is just a click away.

Why GOAT.tax?

GOAT.tax was created for the purpose of educating businesses on the R&D tax credit and assisting companies that qualify for the credit to claim it.
We have leveraged over 305 collective years of experience across a national team of more than 50 R&D tax credit experts to eliminate estimations and guessing from your tax preparation. We have taken the guesswork out of a complex tax credit incentive to make it more accessible to electronics manufacturing companies everywhere.
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Hire US-based engineers, developers, or scientists.
Designs and develops product prototypes and/or software.
Performs experimentation and validation on products, manufacturing processes, and/or software.
None of the above.

This calculator has been developed utilizing data from a variety of studies conducted in the industries listed. This is only an approximation based on a variety of assumptions and should be treated as such.

Please fill out all fields.

Based on your responses, we believe that you are not currently eligible for the R&D tax credit.

Please check back with us if you perform any product or software development-related work in the future.

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Features

We thought of everything.

SmartCreditEngine that optimizes your monetary return
Secure, encrypted environment for housing data and documentation
A user-friendly, self-guided experience
Multiple user types for compartmentalization of sensitive data
Compatible integration with most payroll systems
Full support from our team of tax GOATs
Qualified R&D Expenses identification across all expense categories
Each study is covered by our dedicated audit support
Case studies

Utilize your R&D Credit, Regardless Of Your Industry.

The R&D tax credit contributes to the success of a multitude of businesses, with over $19 Billion in annual credits redeemed by companies in over 70 industries.
70+
Industries served
9,800+
R&D tax credit studies completed
24M
Tax returns with R&D tax credit claims
Game Development
SaaS Platform
Blockchain
Internet of Things
Electronics Manufacturing

Game Development

Specialty
Development of FPS games for the Console, PC, and Mobile markets in addition to creating novel VR & AR Experiences.
Employees

25

Annual Credit

$286,423

SaaS Platform

Specialty
Online SaaS platform for analysis of business credit worthiness.
Employees

19

Annual Credit

$43,587

Blockchain Platform

Specialty
Development of a new blockchain infrastructure in preparation for ICO.
Employees

5

Annual Credit

$10,211

Internet of Things

Specialty
Development of an all-in-one sensor product in addition to a machine learning platform for analyzing data.
Employees

21

Annual Credit

$158,215

Electronics Manufacturing

Specialty
Design, development, and rapid prototyping, materials evaluation, and full electromechanical assemblies.
Employees

7

Annual Credit

$37,451

Testimonials

Join the growing list of people who love GOAT.tax.

“Our R&D tax credit was over $114,000! Well worth the time we invested to answer questions and connect our payroll. We plan to use this extra cash to hire additional software developers so we can go to market faster than planned."
Charles P. (Game Development)
“The process was MUCH easier than I thought it would be. Very user friendly and the automated software allowed us to track the progress every step of the way. The best part was that our credit came in at $89,050!”
Mark K. (FinTech)
“We were able to offset our payroll taxes by $34,980 which is a HUGE win for our small start-up company."
Rebecca W. (eCommerce)
“We were amazed by how easy the automated GOAT platform was to complete our R&D tax credit study. Their years of experience played a big role in making sure we didn’t miss anything.”
Jonnie C. (Software Development)

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