Tax Incentives for Manufacturing
Forge Prosperity with R&D Tax Credits
Manufacturers like you power the economy. To reward progress and promote success, governments offer tax incentives. Let CTI work to capture all the tax credits to which you’re entitled.
Activities that can qualify
- Development or improvement of products or processes
- Hiring a high level of new employees annually
- Equipment fixtures and tooling design
- Optimize operations with newer, more efficient systems or processes
- Lean manufacturing or green initiatives development
- Alternate technologies and materials integration
- Training for employee skill development
- Modeling, evaluating, and testing samples, prototypes, and process alternatives
How much businesses can save
Processing Equipment
Manufacturing
$12M/yr
Avg Annual Revenue
$2,280,500
Total Fed/State R&D Credits
Plastic Injection
Molding
$22M/yr
Avg Annual Revenue
$300,000
Total Fed/State R&D Credits
Metal Finishing
& Plating
$28M/yr
Avg Annual Revenue
$206,000
Total Fed/State R&D Credits
How CTI makes tax incentives easy
The Challenge
Supporting Documentation
For years a company relied on the finance and accounting teams to claim R&D tax credits. Because they did not have the manpower to fully document research activities and expenses, they calculated credits based on estimates and assumptions.
Our Solution
Expert Study Analysis
CTI’s expert team did the ‘heavy lifting’ to perform a rigorous study analysis to account for all qualified activities and expenses, and then re-calculated all the R&D tax credits. CTI more than tripled the amount of federal and state R&D credits claimed.
Power Success with R&D Tax Credits
Innovation powers the economy. Government rewards you for it with tax incentives. Much of the research activity your firm performs may qualify.
Types of incentives
Employment Incentives
In recognition of the jobs and training that employers like you provide, governments offer employment incentives to help you offset payroll taxes, pay for employee training, and tap into new talent pools.
R&D Incentives
Research and development incentives reward businesses of all industries and sizes for technical approaches to problem-solving, thus promoting innovation and improvement for companies and the economy.
Cost Segregation
Increase cash flow with cost segregation’s accelerated depreciation for real estate assets. If you've acquired, remodeled, expanded, or constructed real estate, you can likely benefit from a cost segregation study.
Discretionary Incentives
Take advantage of your business location with discretionary incentives that go beyond standard incentive opportunities. Know where to look and how to negotiate in order to reap your full financial potential.
CTI identified almost $2 million in R&D tax credits over three years. We’ve built a rapport and consistent methodology with CTI that makes for an efficient study process and credit amounts beyond our expectations.
Jeff Marshall, CEO & Co-founder
Soar to New Heights with Tax Incentives
Reach out to a tax consultant to learn how CTI powers your business for success.
