Manufacturing
Unsurprisingly, the majority of R&D tax credit requests come from the industrial industry. However, based on our experience, a lot of people continue to overlook this beneficial tax break.
Examples
1
Selection of Materials
Choosing the appropriate material is crucial when producing a new product. It is so because the end product's structure and functionality are affected. Materials should be appropriate for the job, such as waterproof, non-conductive, and flame-retardant. This can result in a great deal of uncertainty, thus it could be necessary to reevaluate the material choice.
Choosing the appropriate material is crucial when producing a new product. It is so because the end product's structure and functionality are affected. Materials should be appropriate for the job, such as waterproof, non-conductive, and flame-retardant. This can result in a great deal of uncertainty, thus it could be necessary to reevaluate the material choice.
2
Adapting or developing original components
The project may appear to be extremely straightforward and uncomplicated at first, but it actually requires quite a bit of labour. When adopting "off the shelf" or existing components, significant uncertainty may also appear. This is due to the lack of clarity over how these many components will interact.
The project may appear to be extremely straightforward and uncomplicated at first, but it actually requires quite a bit of labour. When adopting "off the shelf" or existing components, significant uncertainty may also appear. This is due to the lack of clarity over how these many components will interact.
3
Strength Evaluation
Every material utilised has unique qualities, and fatigue is frequently assessed under certain circumstances or may show up only while in use. Therefore, it is crucial to carry out extensive tests to make sure the materials are appropriate. Manufacturers can be eligible for R&D if they need to reevaluate their decision or add more structural support.
Every material utilised has unique qualities, and fatigue is frequently assessed under certain circumstances or may show up only while in use. Therefore, it is crucial to carry out extensive tests to make sure the materials are appropriate. Manufacturers can be eligible for R&D if they need to reevaluate their decision or add more structural support.
4
Working on the design
Creating a new product frequently necessitates creating prototypes. The only time its operation is assured is during development. The maker can now see that the product is flawed and requires additional development.
Creating a new product frequently necessitates creating prototypes. The only time its operation is assured is during development. The maker can now see that the product is flawed and requires additional development.
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.