According to alliantgroup Managing Director Michael Siegel, now is the time for contract manufacturers (particularly those working with metals or plastics) to explore a potentially highly profitable opportunity: the Research and Development (R&D) Tax Credit. For companies working within this niche industry of the larger manufacturing sector, it could very well be the most profitable thing you do for your business this year.
In his article appearing in IndustryWeek, “Four Reasons Contract Manufacturers Should Be Claiming the R&D Tax Credit,” Siegel outlines why contract manufacturers are among the absolute best candidates for the credit in terms of both eligibility and high-end credit results. Referencing traditional advantages such as a broad range of qualifying activities, heavy investment in supplies, and recent legislative changes that have greatly expanded access to the credit, Siegel discusses why every contract manufacturer seeking to accelerate their growth should be looking at the R&D Tax Credit.
Contact us today for more information on the R&D Tax Credit and how it could bring value back to your manufacturing business.