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Architecture, Engineering and Construction Industry's Eligibility to Claim R&D Tax Credits

June 26, 2020Practical Tax StrategiesYair Holtzman, Partner and Leader of Anchin's R&D Tax Credits Group
Architecture, Engineering and Construction Industry's Eligibility to Claim R&D Tax Credits

Section 41 research and development (R&D) tax credits are available to Architectural, Engineering, and Construction (AEC) industry companies that design and develop new or improved products, processes, methods, techniques, or materials. In addition to “revolutionary” activities, research credits may also be available to companies performing “evolutionary” activities or incremental improvements to their own products and production processes.

R&D tax credits are an effective way for companies in the AEC industry to generate additional cash flow while innovating and increasing their capabilities to meet continuously evolving new technical market requirements. Time that employees spend developing innovative solutions while attempting to solve complex architectural design and structural engineering challenges can potentially be included as a research expense for their company toward the R&D tax credit. 

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