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Research and Development Tax Incentives for the Mechanical Engineering Industry
It's an unfortunate truth that far too many mechanical engineering firms fail to realize that their activities may constitute qualified research and development (R&D) activities under the tax code, potentially entitling them to significant R&D tax credits. If you think you have to be a pharmaceutical company, designing a space shuttle, or operating in a laboratory to be conducting qualified activities as defined by the Internal Revenue Code, think again.
If your firm is in the mechanical engineering industry, there is a strong chance that you could benefit from an R&D Tax Credit Study. Let alliantgroup's Architecture & Engineering experts help you claim the credits that you deserve!
Examples of activities and innovations eligible for R&D tax incentives include the following:
- Heating and air conditioning systems
- Ventilation systems
- Plumbing systems
- Piping systems
- Fire protection systems
- New product development and design
- Design and development of equipment
- Pumps, heat exchangers, pressure vessels, etc.
- Chillers, boilers, fire heaters, etc.
- Refrigeration systems
- Development of engineering drawings and specifications
- CAD modeling
- Sustainable design
- New or improved construction techniques
- New construction projects
- Wastewater treatment
- Fluid dynamic analysis and design
- Pollution control systems
- Air quality detection and system
- Toxic waste and other waste disposal facilities and processes
alliantgroup's Architecture & Engineering Industry Specialization Team
In order to better serve engineering firms of all kinds, alliantgroup has developed an Industry Specialization Program that focuses on the qualification and quantification of R&D tax benefits for companies operating in the engineering industry. alliantgroup's Architecture & Engineering Specialization Group employs individuals who have educational backgrounds and practical experience within the disciplines of architecture, civil engineering, mechanical engineering, and electrical engineering. alliantgroup has qualified and quantified credits for firms ranging from small startup firms to large, multinational architecture and engineering firms.
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