Many companies in the waste management industry are unaware that the government offers generous research and development (R&D) incentive programs. Even those that are aware often fail to capture the full extent of R&D tax credits to which they are entitled. For example, while many companies may be capturing relevant expenses from their more traditional R&D cost centers, not all qualifying R&D activities take place in such departments. In many companies, technology and process development and testing happen in more informal ways, as activities that may be viewed as the normal process of improving products and services and developing new ones. Thus, they may be overlooked for purposes of the R&D Tax Credit. If you think you need a PhD and a state-of-the-art laboratory to be conducting qualified activities as defined by the Internal Revenue Code, think again.
Let alliantgroup’s experienced waste management experts help you claim the credits that you deserve!