The chemical and related industries are strong candidates for generous government-sponsored research and development (R&D) incentive programs. However, many companies are unaware of the full breadth and scope of the potential benefits that R&D incentives can provide. Capturing the full extent of tax credits for R&D requires the exploration of multiple cost centers, not just a dedicated R&D group. In fact, not all qualifying R&D activities take place in traditional R&D laboratories.
In many companies, successful formula development, process development, pilot batch production, scale-up processes, method development, and analytical testing of experimental or improved products involves extensive experimentation and testing to ensure product quality and process efficiency. In addition, many of the individuals involved in these R&D activities may not belong to the laboratory or chemist groups, and consequently are easily overlooked for purposes of the R&D tax credit.
If your company operates in the pharmaceutical, fine chemicals, intermediates, excipients, solvents, analytical instrumentation, polymer, oil and gas, or laboratory equipment and glassware industry, there is a strong chance that you could benefit from an R&D Tax Credit study. Let alliantgroup’s chemistry experts help you claim the credits that you deserve.