Chemicals
Chemical-based product producers are aware of the extensive testing that goes into creating new goods. In actuality, “professional, scientific, and technological” businesses account for around 15% of applicants for R&D tax credits. Let’s examine this region in more detail.
Examples
1
Choosing the Ingredients to Include in a Formula
The precise formula and precise proportions are frequently unclear while investigating new items to develop or improve. As a result, it is frequently essential that businesses test out several constituents in each new recipe.
The precise formula and precise proportions are frequently unclear while investigating new items to develop or improve. As a result, it is frequently essential that businesses test out several constituents in each new recipe.
2
Formulating Products
Before a product can be sold, it must undergo extensive research and development (R&D). As a result, the formulation phase is when the majority of scientific ambiguity develops. After all, a product needs a specific ratio of raw ingredients, and minor deviations have a direct impact on the product's characteristics. As a result, the lot cannot be used for production.
Before a product can be sold, it must undergo extensive research and development (R&D). As a result, the formulation phase is when the majority of scientific ambiguity develops. After all, a product needs a specific ratio of raw ingredients, and minor deviations have a direct impact on the product's characteristics. As a result, the lot cannot be used for production.
3
Stability Evaluation
Technical uncertainty can appear during testing after a new product has undergone successful development. This is necessary for businesses to sustain performance while safely marketing all new products. With so many factors to take into account, extensive trial and error is frequently necessary.
Technical uncertainty can appear during testing after a new product has undergone successful development. This is necessary for businesses to sustain performance while safely marketing all new products. With so many factors to take into account, extensive trial and error is frequently necessary.
4
Legislative modifications
Companies may continue to confront difficulties even after a product has been released. These could stem from changes in legislation that limit the usage of particular formulation ingredients.
Companies may continue to confront difficulties even after a product has been released. These could stem from changes in legislation that limit the usage of particular formulation ingredients.
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.