R&D Tax Credit Study

R&D Tax Credit Study Finds $62,000 in Federal & State Tax Credits

McGuire Sponsel conducts R&D Tax Credit studies that conservatively maximize benefit. A machine shop that designs custom automated machining and assembling systems for manufacturing companies engaged McGuire Sponsel to perform an R&D Tax Credit study. With an annual revenue of $6 million, the business participates in engineering, development of new automated machinery, and equipment testing for clients’ projects. The professionals at McGuire Sponsel worked closely with the machine shop to perform an in-depth study. McGuire Sponsel identified $481,000 of Qualified Research Expenses (QREs), resulting in $62,000 in federal tax credits.

In concluding whether a company’s activities qualify for the R&D Tax Credit, it must pass all four qualifying criteria:

  • The goal has to be to discover some technological information that does not already exist within the organization.
  • There must be a level of technical uncertainty related to the product or process development.
  • Any qualified event must have a process of experimentation to prove or disprove a technical theory.
  • The research must have goals attributable to function, efficiency, capacity, or other performance criteria.

Do you Qualify for an R&D Tax Credit Study?

To find out if you or your client may qualify for an R&D Tax Credit study, complete and submit the form below. One of our R&D Tax Credit professionals will contact you to complete a free evaluation.


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Download the PDF case study:

McGuire Sponsel Case Study - Machine Shop - R&D Tax Credit Study

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