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Industries We Serve​

Our specialized team of tax consultants leverages their industry-specific knowledge to deliver tailored tax solutions that drive value for your business.

Resources

Industries We Serve​

Our specialized team of tax consultants leverages their industry-specific knowledge to deliver tailored tax solutions that drive value for your business.

Our Industries by Service

Click on a service line and view the industries we have supported

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Aerospace

Aerospace manufacturers often qualify for the R&D tax credit due to the extensive experimentation involved in developing high volume and highly complex production processes. Even aerospace companies not participating in overall product design can qualify.

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Architecture & Engineering

Architecture and Engineering industries generate R&D tax credits, but design and development are complex and often involve design reviews, new processes, material experimentation, and alternative evaluation, indicating technical uncertainty.

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Blockchain Development

Blockchain development is at the forefront of modern financial technology, offering opportunities for qualifying for R&D tax credits amid the surge in demand for decentralized solutions.

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Chemical

Chemical manufacturers engage in a wide array of activities that can qualify for the R&D tax credit. This extends from product development and formulation to the intricate design and creation of large-scale production plants.

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Construction & MEP

R&D tax credits in the AEC sector can be claimed by construction companies and MEP engineering firms, regardless of their focus on specific systems within larger construction projects.

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Consumer Goods Manufacturing

Since 1981, the R&D tax credit has primarily benefited the manufacturing sector, promoting US-based research in product design and manufacturing, with consumer goods being a significant category.

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Contract Manufacturing

Contract manufacturers often qualify for the R&D tax credit due to their involvement in complex production processes and extensive experimentation, rather than solely responsible for production.

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Financial Services

Financial services companies qualify for R&D tax credit due to proprietary software systems, as technological advancements shift towards bespoke systems for specific needs.

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Food & Beverages

Manufacturers often overlook R&D tax credit eligibility, but activities like food science initiatives, novel recipes, flavors, packaging, and food safety improvements may qualify.

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Game Development

Game development is a costly and risky endeavor, necessitating additional cash flow for small-to-midsize studios, as many of their work qualifies for credit.

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Life Science

The life science industry, driven by innovation, is a strong candidate for the R&D tax credit due to its innovative solutions in lab automation equipment and diagnostic testing components.

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Manufacturing & Distribution

The R&D tax credit, established in 1981, benefits various manufacturing sectors in the US, including consumer goods, medical products, electronics, pharmaceuticals, automotive, furniture, and steel parts.

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Metal Fabrication

The metalworking industry can qualify for the R&D tax credit, as it involves routine activities like designing and creating custom tooling, casts, jigs, dies, or production equipment, which can potentially enhance production processes.

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Mortgage & Banking

The mortgage banking industry has shifted towards software development due to fragmented platforms, leading to the emergence of research and development tax credits as a tax planning strategy.

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Oil & Gas

The oil and gas industry frequently benefits from R&D tax credits, requiring companies to innovate to maintain competitiveness. Entities like exploration, production, refineries, drilling contractors, and oilfield services qualify.

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Pharmaceutical

The pharmaceutical, nutraceutical, and bioceutical industries can qualify for the R&D tax credit, covering both visible and less obvious aspects like support staff wages, computer leasing, and raw material costs.

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Plastic Injection Molding

The plastics and injection molding industry is eligible for the R&D tax credit due to its extensive R&D activities in injection molding and plastic packaging.

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Software Development

Software companies are a rapidly growing sector eligible for the R&D tax credit, ranging from software development and marketing to internal software creation for operational efficiency.

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Tool & Die

Tool and die manufacturers have a unique opportunity for R&D qualification due to their specialized role in designing tools and dies, which are integral to end product manufacturing.

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Apartment Buildings

Cost segregation is a tax-saving strategy in the real estate industry, particularly for apartment buildings. It involves dividing property components into distinct tax categories, allowing owners to maximize cash flow and leverage tax advantages.

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Assisted Living

The assisted living industry, driven by the aging population, offers unique financial opportunities through cost segregation, a tax strategy often overlooked by owners.

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Auto Dealers

Auto dealerships’ intricate service departments, specialized systems, and site improvements offer untapped financial gains, with each asset having its own distinct depreciation timeline.

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Bank Buildings

Cost segregation is a tax strategy for bank buildings, dividing property into components and allocating specific values to individual assets, separating personal and real property.

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Data Centers

Data centers’ specialized ecosystem offers fiscal ingenuity with intricate servers, security systems, and energy-efficient technologies, each with unique depreciation timelines due to significant capital investment.

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Daycares

Daycare centers’ diverse classroom equipment and outdoor amenities offer financial optimization, with each asset having its own depreciation timeline.

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Distribution Centers

Distribution centers utilize specialized systems and land improvements for financial improvement, with each asset having its own depreciation timeline.

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Fitness Centers

Fitness centers offer a variety of gym equipment, wellness amenities, and modern facilities, each with its own depreciation schedule, providing untapped financial opportunities for health-conscious clients.

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Grocery Stores

Grocery retail assets, including aisles, checkout counters, and cooling systems, offer hidden fiscal potential due to their unique depreciation schedules.

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Hospitality

Hotel assets offer strategic financial planning opportunities, with cost segregation a key tool for hoteliers to maximize tax deductions and improve cash flow in tourist destinations.

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Manufacturing

Manufacturing ecosystems involve every component, including robotic arms and machinery, offering financial optimization opportunities due to their unique depreciation timelines and untapped fiscal benefits.

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Medical Buildings

Medical buildings in healthcare are complex, diverse, and specialized assets, including advanced MRI machines, surgical suites, air filtration systems, and outpatient facilities, each with its own depreciation schedule.

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Office Buildings

Office buildings in commercial real estate are complex ecosystems of assets, including specialized HVAC systems, energy-efficient lighting, and advanced conference rooms with depreciation life cycles.

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Restaurants

The restaurant industry’s diverse finishes, specialized equipment, and themed decor offer potential for financial enhancement, each with its own unique depreciation timeline.

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Retail Shopping Centers

Retail properties offer a vast financial resource due to their diverse tenant spaces, complex systems, and unique depreciation timelines, ranging from boutiques to shopping malls.

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Self Storage

Self-Storage properties, ranging from traditional garages to climate-controlled buildings, offer fiscal improvement opportunities due to their diverse facility design and depreciation schedules.

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Contact Source Advisors for a Free Assessment

Embrace the power of tax credit savings with Source Advisors and propel your business towards growth and success. Partner with us today to unlock your company’s full potential.

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