Case Studies

R&D Tax Credits for a Green Chemical Company

A Comprehensive Source Advisors Case Study

R&D Tax Credits for a Green Chemical Company

While chemical companies and environmental sustainability are not often associated together, this case study details how Source Advisors discovered a wealth of untapped R&D tax credits for a chemical company dedicated to eco-friendly products.

What Qualified as R&D?

In developing their new line of haircare products, the company engaged in multiple phases of R&D, starting from conceptualization to final product. This involved input from a cross-disciplinary team including chemists, product managers, and engineers. Various formulations were developed, prototypes created, and a range of tests were conducted, including environmental and skin irritation tests.

The Source Advisors Solution

Source Advisors were engaged to quantify the company’s qualified research expenditures and guide them through the process of claiming their rightful R&D tax credits.

Detailed Analysis

We carried out a study of each R&D phase from initial conception, prototyping, to final production, understanding the complexities and identifying qualifying activities for tax credits.

Financial Impact Assessment

An in-depth financial review was conducted, considering all the qualified expenditures to accurately calculate the annual R&D tax credits.

Compliance Checks

A cross-reference of all qualifying R&D activities against federal and state tax laws ensured full compliance and maximized potential tax benefits.

The Results Speak for Themselves

After the completion of the comprehensive study, Source Advisors identified R&D tax credit opportunities that resulted in:

$ 0
in qualified research expenditures annually
$ 0
of annual tax savings

These significant savings are reinvested in their commitment to sustainable product development.

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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 company.

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