The misconception in the construction and engineering industry is that many activities conducted by companies are seen as standard or routine, nothing to do with research and development (R&D). This is far from the truth as there are many eligible R&D activities within the industry. Below are some of the eligible R&D activities in the construction and engineering industry.
Examples of Eligible R&D activities:
Expenditures can include wages, third party contractor cost, materials, machinery, equipment, and overheads.
Braithwaite Technology Consultants Inc. can assist you in obtaining tax credits for research and development activities. Whether your work involves basic research, applied research, or experimental development, Braithwaite can take the uncertainty out of the filing process and get you the credit you deserve for your innovation.
For a detailed evaluation of the construction and engineering industry, please contact the professionals at Braithwaite.