Many companies in the feed mill 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. Not all qualifying R&D activities take place in traditional R&D departments. If you think you have to have a PhD and a state-of-the-art laboratory to be conducting qualified activities as defined by the Internal Revenue Code, think again.
Has your company introduced product line extensions recently? Have you modified product formulations and/or manufacturing processes to create feed products that are more nutritious, have better consistency, or have longer shelf lives? If the answer is yes, then there is a strong chance that your company could benefit from an R&D Tax Credit study. Let alliantgroup’s food science experts help you claim the credits that you deserve.