Molded Plastics Company in Southern Indiana
A molded plastics company in Southern Indiana engaged McGuire Sponsel to conduct a one year R&E tax credit study. McGuire Sponsel worked with the controller to conduct interviews, facility tour and gathered information. After final data analysis, McGuire Sponsel was able to calculate effective federal credits of nearly $60k, exceeding projections. The major growth and increase in research spending per year resulted in the increased benefits as the R&E credit rewards companies for increasing research expenditures.