Operating a successful manufacturing and distribution business today is more complicated than ever and it takes more than ordinary solutions to succeed. At Anchin, we understand the tough issues that you face - issues such as rising labor and production costs, increased competition, shrinking margins and rapidly changing technology. Facility costs can be analyzed, but do little without an understanding of your options. We know the challenges that you're faced with, from environmental concerns to dealing with lenders.
- Accounting and auditing
- Cash flow projections
- Flash reports
- Gross profit by product lines
- Chargeback analysis
- Manufacturing and financial information
- Systems recommendations
- Mergers and acquisitions
- Cost containment analysis
- Tax planning
- Tax credits and incentives
- Research and Development tax credits
Research and Development
Does your company qualify for Research and Development (R&D) tax credits? Manufacturers perform two-thirds of all private-sector research and development in the nation, driving more innovation than any other sector. Most US manufacturing and distribution companies, even those that produce their products overseas, maintain technical design personnel, materials development and production process teams in the US whose activities may in fact qualify as R&D.
The professionals on Anchin’s manufacturing and distribution R&D team understand the important role the industry plays in keeping the US competitive in an increasingly global economy. Our industry experience, attention to detail and expert judgment result in accurate, highly defendable tax credit calculations. Our dedicated team includes audit, tax and advisory professionals with years of experience identifying issues and solving problems for every type of business within the manufacturing and distribution industry subsectors, including:
- Computer and electronic components
- Consumer products
- Food and beverage
- Furniture and related products
- Industrial machinery and equipment
- Sheet metal and metal products
- Paper and pulp
- Petroleum, coal and related products
- Plastic and rubber
- Textile mills and apparel
- Transportation equipment
- Wood, leather and related products
Our manufacturing and distribution R&D team ensures that our clients benefit from all of the incentives available to them. Anchin helps clients assess their R&D tax credits at all phases of their business, from the time they first consider entering a new market (white space evaluation) and throughout the product lifecycle. We are particularly skilled and experienced at identifying qualifying projects and initiatives in each area of your business and are experts at examining and capturing all allowable expenses towards your company’s research credit.
Anchin works with clients interested in claiming the R&D credit for the first time, and those who have difficulty meeting the contemporaneous documentation requirements needed to support their R&D claim. We also assist clients who have had a significant portion of their R&D claim disallowed, and those who need to reassess their R&D credit calculation because the nature of their business has changed.
- R&D Tax Credits Case Studies: Manufacturing and Distribution
The following are two examples of client development efforts in the manufacturing and distribution industry which further illustrate the types of projects and activities that
- It’s Not Too Late to Amend Your 2016 Tax Return for the R&D Tax CreditJuly 5, 2017
Recently, the IRS issued interim guidance on how eligible small businesses can benefit from a new provision that enables them to apply their Section 41, Research and Development tax credit against their payroll tax liability instead of their income tax liability, allowing qualified companies to start using the credits before becoming profitable.
- Improving Packaging Design ROIMarch 29, 2016
Yair Holtzman of Anchin, Block & Anchin examines how expenses to improve packaging design can qualify for research and development tax credits. As new materials,