Engineering
Engineering firms submit roughly 20% of all R&D Tax Credit applications, thus you might anticipate that they are well-known in the industry. However, we think that substantially more businesses than there now are can make claims. Here, we look at some of the typical scientific and technological uncertainties that could lead to eligibility.
Examples
1
Modifying current technologies to serve a certain goal
Engineers frequently deal with technological uncertainty when creating new goods or improving ones that already exist. When dealing with novel and cutting-edge technologies, these systems frequently decide if they are appropriate for the task at hand or whether they interact with other parts already in place.
Engineers frequently deal with technological uncertainty when creating new goods or improving ones that already exist. When dealing with novel and cutting-edge technologies, these systems frequently decide if they are appropriate for the task at hand or whether they interact with other parts already in place.
2
Selection of materials
The process of choosing materials for new goods and components frequently involves trial and error. For the work at hand, some resources are inappropriate. For instance, it would need to be waterproof or able to hold a specific amount of weight. If not, the material cannot be used for building because it could directly compete with other materials.
The process of choosing materials for new goods and components frequently involves trial and error. For the work at hand, some resources are inappropriate. For instance, it would need to be waterproof or able to hold a specific amount of weight. If not, the material cannot be used for building because it could directly compete with other materials.
3
Adherence to regulations
Different rules and regulations that address a wide range of topics will apply in different global markets. These standard revisions have the potential to lead to a number of uncertainties that will need to be resolved. These can need a lot of research and development (R&D) even when they appear to be straightforward to apply at first. These modifications often lead to projects that just faintly resemble the initial concept.
Different rules and regulations that address a wide range of topics will apply in different global markets. These standard revisions have the potential to lead to a number of uncertainties that will need to be resolved. These can need a lot of research and development (R&D) even when they appear to be straightforward to apply at first. These modifications often lead to projects that just faintly resemble the initial concept.
4
Incorporating existing parts in the process
Even when employing "off-the-shelf" components, designing products that operate together can lead to some very challenging issues. This is because it's typical for a product to undergo a significant reworking in order to ensure compatibility. In the absence of pre-existing components, engineers will have to create them. As a result, for projects to succeed as intended, much experimentation and revision may be required.
Even when employing "off-the-shelf" components, designing products that operate together can lead to some very challenging issues. This is because it's typical for a product to undergo a significant reworking in order to ensure compatibility. In the absence of pre-existing components, engineers will have to create them. As a result, for projects to succeed as intended, much experimentation and revision may be required.
Testimonial
Success Stories
We appreciate the experimentation, message reform, and clever incentives. We provide a range of services and solutions globally, and this is the foundation of our methodology.
Since we started working with PHG Finance, we have no hesitation in recommending them as an R&D advisor. PHG Finance showed a strong understanding of our industry, offered clear direction, and had quick turn-around timeframes.
They are a very personable and experienced tax staff, and I highly recommend them. They did a great job of explaining the procedure and making sure we understood the projects that qualified.
We had previously worked with another organisation for R&D, but we have discovered that PHG Finance was the best because they were supportive, amiable, and professional throughout the process.
The prompt service I received from PHG has been excellent. When their technical team contacted me, they requested all the pertinent data they needed, and I was pleased with the report they provided.