We’re working with a race team accessories designer and manufacturer. Seat belts for durability and fire retardant materials. Improved communication methods via helmet to crew. These are some areas this company helps the racing community. That time and money in experimentation they’ve invested paid off in a R&D Tax Credit.
- 10 employees
- Expenses in prototype materials
- Third party testing and engineering expenses
- Federal Credit of $30k
- State Credit of $0 (sorry NC you currently don’t offer a credit)
Strapped for cash due to income tax payments? Spending money on new materials and processes and need additional return on the investment? Contact us for a free assessment and review.
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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.