Our client is a New York City alarm installation and monitoring company. They have just under 50 employees and around $5 million in revenue. While most of the work is repetitive, they do have some challenging projects that consume valuable resources. Technicians, engineers & designers review challenges such as:
- Signal interference within panels
- Compatibility and integration with neighboring and associated systems
- Installation issues in overcoming load bearing walls with rebar and long wire runs with multiple bends where signal loss and interference points need to be removed
- Potential tenant disruption within the building & neighboring facilities that requires pre-planning & design experimentation prior to installation
These activities accounted for qualified expenses of $580,000 that resulted in $45,000 in federal R&D tax credits.
Don’t be alarmed in seeing if the R&D tax credit can be a part of your income tax savings strategy. Contact us today for a free 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.