Case Studies

R&D Tax Credits in Contract Manufacturing

A Comprehensive Source Advisors Case Study

R&D Tax Credits for Contract Manufacturing Medical Devices

Medical instruments are at the forefront of healthcare innovation but often present unique challenges in terms of R&D tax credits. Dive into this case study to explore how Source Advisors transformed these challenges into financial assets for a contract manufacturing company specialized in medical instruments.

What Qualified as R&D?

The company’s R&D efforts span from initial brainstorming sessions to detailed design phases and numerous trial runs. They utilize advanced software like SolidWorks for design, simulation, and feasibility studies. Prototypes undergo destructive testing including tensile and compression tests, with multiple iterations to ensure quality and functionality.

The Source Advisors Solution

Source Advisors performed an analysis of the company’s activities that qualified for R&D tax credits.

Detailed Analysis

We reviewed all stages of their manufacturing process, identifying qualifying R&D activities, from conceptualization to the destructive testing phase.

Financial Impact Assessment

The company's financial records were scrutinized to identify expenditures tied to R&D activities, which were then translated into potential tax credits.

Compliance Checks

We ensured that all R&D activities met federal and state tax requirements, including stringent documentation for audit-proof claims.

The Results Speak for Themselves

Source Advisors exceeded initial expectations by identifying R&D tax credit opportunities that resulted in:

$ 0
in annual combined federal and state tax credits

These credits provided a significant boost to the firm’s financial position, allowing them to channel more resources into innovation and R&D activities.

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Get Started Today!

Don’t let potential R&D tax credits go unclaimed. Your next innovation might just be waiting for that financial push.

Contact Source Advisors today to explore how we can unlock tax advantages for your company.

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