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 the Food & Beverage Industry
Tax savings for food & beverage companies!
Research & Development in the Food & Beverage industry
The food and beverage industry is facing a new demand for ingredients that are healthier, eco-friendly, and taste great! As consumer preferences are evolving, food and beverage companies are engaged in more Research & Development (R&D) activities than ever before.
Latest R&D trends in this sector include plant-based foods, waste reduction and shelf life extension, non-GMO products, green & innovative packaging, and more.
Most food & beverage companies are unaware that their day-to-day operations could qualify for the Research & Development (R&D) Tax Credit, which rewards eligible companies with dollar-for-dollar tax savings on their income and/or payroll tax liability.
Examples of R&D activity in Food & Beverage
- Improving texture or nutritional content of food product formulations
- Integrating a new ingredient to a recipe
- Improving machinery and equipment to ensure safe handling of food, improve productivity, and cost-efficiency
- Creating new packaging to improve shelf life, durability, and product integrity
- Developing innovative and/or environmentally friendly packaging material
- Incorporating new or improved equipment into production lines
- Experimental recipe development, including seasonal foods and drinks
How we can help
Whether it’s integrating a new ingredient to a cookie recipe, a new seasonal beer, or a new method of improving product shelf life, there is a very wide scope of R&D in food & beverage, which makes companies in this sector a natural fit for the Research & Development (R&D) Tax Credit.
Leyton’s food and beverage team is comprised of highly qualified engineers, scientists, and tax accountants who identify all qualifying R&D activities and investments to claim maximum financial benefits for our clients in this sector.
How we can help
Whether it’s integrating a new ingredient to a cookie recipe, a new seasonal beer, or a new method of improving product shelf life, there is a very wide scope of R&D in food & beverage, which makes companies in this sector a natural fit for the Research & Development (R&D) Tax Credit.
Leyton’s food and beverage team is comprised of highly qualified engineers, scientists, and tax accountants who identify all qualifying R&D activities and investments to claim maximum financial benefits for our clients in this sector.
Let’s find out if your business qualifies for the R&D Tax Credit!
Congratulations!
Meet our Food & Beverage team leaders
Brigid Lenihan
R&D Tax Manager
Savannah Durham
R&D Technical Consultant
Blake Garvey, LL.M.
Senior Tax Attorney
Meet our Food & Beverage team leaders
Brigid Lenihan
R&D Tax Manager
Savannah Durham
R&D Technical Consultant
Blake Garvey, LL.M.
Senior Tax Attorney
Case studies
Learn how our food & beverage clients have benefited from the R&D Tax Credit.
Case studies
Learn how our food & beverage clients have benefited from the R&D Tax Credit.
Client testimonial
Webinar
2021 Trends: R&D Tax Credit Opportunity for the Food & Beverage Industry
With recent trends of increased consumer awareness, the food and beverage industry is now more competitive than ever. As consumer preferences are evolving, food and beverage companies are engaged in more Research & Development…
Watch webinar
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