Many companies in the ship and boat building and repair 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, development, systems engineering, shipboard control programs development, and component testing occur in the plant or on the shop floor, and thus may be overlooked for purposes of the R&D Tax Credit.
If your company operates in the ship and boat building and repair industry, there is a strong chance that you could benefits from an R&D tax credit study. Let alliantgroup’s engineers and tax experts help you claim the credits you deserve!