For those who work in the metals and machining industry, CNC (Computer Numerical Control) and EDM (Electro Discharge Machining) are not just letters in the alphabet.
We just helped a tool and die shop in NJ with 30 employees offset a $110,000 tax payment with the credit they’ve earned. And they can carry forward whatever is in excess for 20 years.
All firms that cut, bore, form, mill, drill and fabricate metal have some form of qualified activities and expenses. You’ve EARNED the R&D Tax Credit why not see how you can use it?
Want to know the credit value you’ve earned? Contact us for a free review/evaluation at no cost and no obligation.
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The provided examples are for illustrative and informational purposes only. Results may vary depending on individual circumstances, and Manufacture Results LLC cannot guarantee the same outcome for others. Be sure to consult your own legal and tax professionals when making decisions for your specific situation.