The R&D Tax Credit
The Research and Development (R&D) Tax Credit is a government-sponsored tax incentive offered to companies who create or improve a product or process in the course of their business.
R&D Tax Credit for Engineering
R&D tax incentives for Engineering firms
Research & Development in the Engineering sector
The engineering sector is constantly pioneering innovation by overcoming new challenges and driving solutions every day. Engineering projects organically conduct Research & Development (R&D) during almost every part of the project, including new design conceptualization, building prototypes, building or improving processes to improve efficiency, and ongoing risk analysis.
Projects that implement technologies like computer modeling, simulation, and software development can be “qualified” R&D activities. Now that the Research & Development (R&D) Tax Credit has been made permanent, engineering firms have an opportunity to take advantage of this tax incentive, which offsets a company’s payroll and/or income tax liability on a dollar-for-dollar basis.
Examples of R&D activity in Engineering
- Process Design – Determining required unit operations, creating BFD, PFD, and/or P&ID, determining parameters surrounding the process
- Reactor/Equipment Design – Determining design and operation parameters for each piece of equipment (temperature, pressure, size, material, mixing speed, etc.)
- Heating and/or Cooling Equipment Design – Parallel-flow, plate-and-frame, single or double pass heat exchanger, jacketed reactor.
- Control Loop Development – Open or closed loop, dead time, overshoot, accuracy/set point testing, P, PI, or PID
- Development of Proof of Concept/Prototype development iterations
- SOP Development – Optimizing process to develop a standard operating procedure
- Changes in response to CAPAs – Quality investigations, change controls
- Changes to comply with ISOs – Updates to PRs, process qualifications and validation
- Changes to improve process safety – HAZOP analyses
- Modifying any of the “New Product and/or Process” components to improve quality, efficiency, safety, etc.
How we can help
US engineering firms could potentially be missing out on hundreds and thousands of R&D funding each year, because they are unaware that they could qualify for significant tax savings through the Research & Development (R&D) Tax Credit.
Leyton’s dedicated engineering team is comprised of highly experienced engineers, scientists, tax accountants, and attorneys, all of whom are motivated to help engineering firms benefit from the R&D Tax Credit for future innovation investment.
Let’s find out if your business qualifies for the R&D Tax Credit!
Congratulations!
Meet our Engineering team leaders
Andy Zhang, CPA
Senior R&D Tax Consultant
Evangelia Dislaki, Ph.D.
Senior R&D Technical Consultant
Jennifer Bolton, LL.M.
Senior Tax Manager
Meet our Engineering team leaders
Andy Zhang, CPA
Senior R&D Tax Consultant
Evangelia Dislaki, Ph.D.
Senior R&D Technical Consultant
Jennifer Bolton, LL.M.
Senior Tax Manager
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Why choose Leyton?
Allow our experience to unleash your potential.
+
60
Industries Served
+
20
Years of Experience
+
100
R&D Tax Credit Experts
Why choose Leyton?
Allow our experience to unleash your potential.
+
60
Industries Served
+
20
Years of Experience
+
100
R&D Tax Credit Experts