CASE STUDY


NUCLEAR CALIBRATION

HIGHLIGHTS

  • NUCLEAR CALIBRATION
    INDUSTRY
  • LITTLE COMPANY;
    BIG CREDITS
  • $6M IN GROSS REVENUE
  • $300,000 IN ANNUAL
    CREDITS
  • REFERRED BY CPA

Established in 1994, this $6M US-based company designs and manufactures nuclear calibration equipment used in diverse applications that include irradiator calibration systems, radiation shielding, research irradiators, X-ray inspection systems and automated inspection systems.

R&D QUALIFICATION

Due to the specialized product this company designs and manufactures, most of their projects require a significant amount of research and development. From prototyping to designing new systems that ultimately may require new approaches, every detail needs to be precisely engineered.

WHY Source Advisors

The tax definition of R&D is actually quite broad. Not engaging with a firm that specializes in R&D credits could potentially mean thousands of dollars in missed R&D tax credits. This company’s Certified Public Accountant recommended Source Advisors from previous experience. The CPA knew that the company needed a firm that focuses on the intricacies of the R&D tax credit and stays up-to-date on all legal and regulatory changes. Source Advisors invests the time and resources required to understand a company’s corporate structure, potential research activities, and tax positions to make sure they are maximizing federal and state R&D tax credits.

THE RESULTS SPEAK FOR THEMSELVES

The company was happy to learn that the most tedious part of the process was providing certain financial and project reports. Other time was spent participating in interviews. Overall the R&D tax credit documentation process was “easier than expected.” While the company has an international footprint, the design and manufacturing are completed within the USA, which is critical to qualify for an R&D tax credit. With Source Advisors’ expertise, this $6M company generates on average $330,000 of combined federal and state credits each year.

HIGHLIGHTS

  • NUCLEAR CALIBRATION
    INDUSTRY
  • LITTLE COMPANY;
    BIG CREDITS
  • $6M IN GROSS REVENUE
  • $300,000 IN ANNUAL
    CREDITS
  • REFERRED BY CPA