Many companies in the firearm and ammunition industry are not aware 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 that they are entitled. For example, many companies may be capturing relevant expenses from their R&D cost centers, but not all qualifying R&D activities take place in traditional R&D departments. In many companies, prototyping, process development, and testing happen in the plant or shop floor and thus may be overlooked for purposes of the R&D Tax Credit.
If your company operates in the firearm and ammunition industry, there is a strong chance that you could benefit from an R&D tax credit study. Let alliantgroup’s firearm and ammunition experts help you claim the credits you deserve!