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Tool & Die

Research and Development Tax Incentives for the Tool & Die Industry

Today’s tool and die makers may not realize that their activities could make them excellent candidates for generous research and development (R&D) tax incentives, and even if they do, the traditional notions of R&D may cause them to limit qualified research expenditures to activities associated with invention or new product development. Many tool and die operations, however, conduct extensive activities to design and develop the machining equipment and processes to achieve specific project requirements or to stay ahead of competitors in the marketplace. All these activities may require time and money both in the engineering department and on the production floor itself, which may be captured as qualified research expenditures leading to significant tax benefits.

If your company has recently introduced new or improved products or processes, there is a strong chance that you could benefit from an R&D Tax Credit study. Let alliantgroup’s tool and die experts help you claim the credits that you deserve!

Examples of Tool & Die Innovations Eligible for R&D Tax Incentives Include the Following:

  • Designing and developing first articles, samples and prototypes
  • Practicing innovative product development using computer-aided design tools
  • Experimenting with new machining trends
  • Developing new, improved, or second-generation tools, dies, molds and other devices
  • Tooling and equipment fixture design and development
  • Developing unique computer numerical control programs and/or programmable logic controllers
  • Developing custom alloys and manufacturing processes
  • Designing innovative equipment
  • Prototyping and three-dimensional solid modeling
  • Testing and stress analysis and maintaining quality assurance

alliantgroup’s Tool & Die Industry Specialization Team

In order to better serve manufacturers of all kinds, including job shops, alliantgroup has developed an Industry Specialization Program that focuses on the qualification and quantification of R&D tax benefits for companies operating in the diverse areas that make up the manufacturing industry. alliantgroup’s Manufacturing Industry Specialization Team employs several individuals who have educational backgrounds and practical experience within the disciplines of machining, manufacturing, industrial engineering, mechanical engineering, electrical engineering, and metallurgy. This group has qualified and quantified credits for firms ranging from small machine shops to large, multi-national, publicly traded companies.

ManufacturingManufacturing R&D Tax Credit Whitepaper

Download our free Manufacturing R&D Tax Credit white paper to better understand recent regulatory changes and IRS requirements.

Download alliantgroup's Manufacturing R&D Whitepaper
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