In order to better serve foundry clients, alliantgroup has developed an Industry Specialization Program to focus exclusively on the qualification and quantification of R&D tax benefits for companies operating in the foundry industry. This specialized program employs individuals with educational backgrounds and hands-on research experience within the relevant scientific and engineering disciplines. Their focus is on qualifying and quantifying R&D credits for companies ranging from small, privately owned businesses to large, publically traded corporations.
Many companies in the foundry 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, qualifying activities happen in the plant or on the shop floor and thus may be overlooked for purposes of the R&D Tax Credit. 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. Let alliantgroup’s foundry industry experts help you claim the credits you deserve.