Potentially Qualifying Activities for R&D Tax Credit
Creating improved products, processes, formulas, software, techniques
Consuming materials in improvement efforts
Manufacturing new or improved products
Implementing cost reduction initiatives
Automating or improving internal manufacturing processes
Developing prototypes, first articles, models
Designing tools, jigs, fixtures and molds
Trying new materials
Applying for patents
Testing new concepts
Integrating new equipment
Hiring outside consultants to perform any of the listed activities
Questions To Ask
Are you developing new or improved processes?
Are you developing new or improved products?
Are you developing new designs?
Are you developing new formulations/techniques?
Are you developing prototypes or prototype machines?
Are you using advanced programming to assist in the development of new parts?
Are you developing highly automated production lines with a combination of mechanical automation and computerized robotics?