CASE STUDY


ELECTRONICS
MANUFACTURING

HIGHLIGHTS

  • ELECTRONICS
    MANUFACTURING INDUSTRY
  • INCREASING R&D CREDITS
    YEAR OVER YEAR
  • ACTUAL CREDIT WAS 182%
    HIGHER THAN ESTIMATE

With more than 30 years of experience in electronic manufacturing services and a cross-functional team comprised of 70+ employees, this manufacturing company handles projects from prototype to full product including material evaluation and procurement, cable and wire harness production, printed circuit board population, and full electromechanical assemblies and box builds. .

R&D QUALIFICATION

This contract manufacturing company works with a diverse customer base that requires varied levels of research and development across all projects. This particular case study qualified automation software and a custom-engineered fixture, which required significant R&D and testing. The automation software is used to create a communication link between component storage and a delivery system. Each change in design required testing to ensure compatibility and functionality. The new fixture is used to hold a unique manufacturing component that must have precision cuts and bends. Material selection and trial-and-error testing played a large role in development.

WHY Source Advisors

This company, like many others, is continually seeking to control costs while offering their customers an outstanding product and technical support at a fair price. When researching firms that specialize in R&D credits, they found that Source Advisors better matched their own business philosophy. Having an intimate understanding of the R&D credit rules along with a collaborative approach allows Source Advisors to recognize potential and ensure maximum tax credits, which in turn allows this firm to remain competitive in the marketplace.

THE RESULTS SPEAK FOR THEMSELVES

In the first year, Source Advisors was able to increase the original tax credit estimate of $40,000 to a realized credit of $113,000. Over the next five-year period, federal credits grew by another 55%. This contract manufacturing company has multiple projects that require R&D so they continue to plan accordingly to ensure maximum benefits through annual R&D tax credit studies.

HIGHLIGHTS

  • ELECTRONICS
    MANUFACTURING INDUSTRY
  • INCREASING R&D CREDITS
    YEAR OVER YEAR
  • ACTUAL CREDIT WAS 182%
    HIGHER THAN ESTIMATE