Furniture & Cabinet

The R&D Tax Credit can provide an immediate source of cash as well as a significant reduction to current and future years’ federal and state tax liabilities.

R&D Tax Credit Furniture & Cabinet Manufacturing

Wooden Office Furniture Manufacturer

Annual Revenue $45.5 million

Result

$284,000 in Federal r&d tax credits

 

R&D Tax Credit Furniture & Cabinet Manufacturing

Wood Interiors & Furniture Manufacturer

Annual Revenue $15.6 million

Results

$210,000 in Federal & State r&d tax credits

 

R&D Tax Credit Furniture & Cabinet Manufacturing

Workstations Furniture Manufacturer

Annual Revenue $21 million

Result

$126,000 in Federal r&d tax credits

 

Wooden Office Furniture Manufacturer

Many furniture and cabinet making companies are unaware that the government offers generous research and development (R&D) incentive programs. Or, if they are aware of the R&D tax credit, they may still fail to take full advantage due to misconceptions about the types of research and development activities that qualify. The fact is that a broad range of common furniture and cabinet manufacturing practices will qualify for the credit under the Internal Revenue Code’s definition of R&D. Research and development is not limited to the work of scientists. Furniture and cabinet industry designers, tool makers, machinists and others often spend a substantial portion of their time developing superior designs and manufacturing practices in an effort to remain competitive. There is a strong chance that you would benefit from an R&D Tax Credit Study. Let alliantgroup’s furniture and cabinet manufacturing experts help you claim the credits that you deserve!

This is just one example of the many ways your company could qualify!

Wood Interiors & Furniture Manufacturer

Many taxpayers believe that activities they regard as routine, developing new products and processes, and improving existing ones, would hardly qualify them to claim R&D Tax Credit. While telecommunications companies may well be engaged in advanced research and product development, you do not have to be engaged in pure science or similar research to be conducting qualified activities as defined by the Internal Revenue Code. If your company has invested time, money, and resources towards the advancement and improvement of designs and processes, then you may qualify for the R&D tax credit. It is also important to note that the R&D tax credit regulations allow eligible taxpayers to “look back” to all open tax years for potential R&D credits that were never claimed.

This is just one example of the many ways your company could qualify!

Workstations Furniture Manufacturer

Many furniture and cabinet making companies are unaware that the government offers generous research and development (R&D) incentive programs. Or, if they are aware of the R&D tax credit, they may still fail to take full advantage due to misconceptions about the types of research and development activities that qualify. The fact is that a broad range of common furniture and cabinet manufacturing practices will qualify for the credit under the Internal Revenue Code’s definition of R&D. Research and development is not limited to the work of scientists. Furniture and cabinet industry designers, tool makers, machinists and others often spend a substantial portion of their time developing superior designs and manufacturing practices in an effort to remain competitive. There is a strong chance that you would benefit from an R&D Tax Credit Study. Let alliantgroup’s furniture and cabinet manufacturing experts help you claim the credits that you deserve!

This is just one example of the many ways your company could qualify!

To see if you qualify for a state or federal R&D Credit, please complete our form below.