Despite the perceived simplicity of bowling as a sport, the development of high-performance bowling balls is a complex and multi-faceted endeavor. Dive into this case study to discover how Source Advisors uncovered a gold mine of R&D tax credits for an industry leader in consumer goods manufacturing for bowling.
With a legacy spanning over 40 years, the company is a stalwart in the bowling industry. Driven by a multi-disciplined team, state-of-the-art testing facilities, and leading-edge production processes, the company sets the bar high when it comes to performance bowling balls.
Bowling ball development is not as straightforward as it seems. It involves intricate designs, multiple materials, and specialized finishes, all of which combine to produce the specific ball dynamics sought by professionals and amateurs alike.
The company qualifies for R&D tax credits through several groundbreaking activities. These range from concept design using Pro Engineering CAD software to extensive testing and iterative design improvements. Activities also include the creation of master shapes, urethane molds, and the production of prototype and test batches. Each step involves significant technological challenges and uncertainties, thus qualifying for valuable R&D tax credits.
As long-term partners with the company, Source Advisors undertook a detailed feasibility analysis to gauge the extent of potential R&D tax credits.
Careful evaluation of conceptual designs, engineering drawings, and prototype testing to pinpoint R&D-eligible activities.
Provided a detailed financial study to estimate the potential annual tax credits.
Ensured all activities were compliant with federal and state R&D tax credit laws.
Don’t miss out on the valuable tax credits that could boost your businesses growth.
Contact Source Advisors today to explore how we can unlock tax advantages for your business.