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.
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.
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.
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.
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…
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Industries Served
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R&D Tax Credit Experts
Allow our experience to unleash your potential.
+
60
Industries Served
+
20
Years of Experience
+
100
R&D Tax Credit Experts