INDUSTRIES SERVED
Architecture
DID YOU KNOW?
DID YOU KNOW?
- Many design activities performed by architecture firms, especially those during the Schematic Design, Design Development, and Construction Documentation phases may qualify for sizable federal and state R&D tax credits.
- While contractual language is a relevant factor, qualifying activities under contracts with clients can also qualify in many cases.
- BRAYN’s expertise includes industry standard tracking and job costing software, which provides for efficient cost analysis and excellent substantiation.
- The R&D tax credit is based on “qualified research expenses” (QREs) – for every dollar spent on QREs, you can earn up to 8.0% in federal tax credits! Additionally, over 40 states offer similar R&D tax incentives that can double benefits in some cases.
Architecture
Case Study
QUALIFYING
ACTIVITIES
QUALIFYING ACTIVITIES
Design & Analysis
- Feasibility Studies
- SD, DD, & CD Development
- CAD & BIM Modeling
- Technical Studies
Architecture & Engineering Services
- Building & Landscape Architecture
- Structural Engineering
- Mechanical, Electrical, and Plumbing Engineering
- Civil & Environmental Engineering
- Other Specialty Engineering
Engineering
DID YOU KNOW?
DID YOU KNOW?
- Many design activities performed by architecture firms, especially those during the Schematic Design, Design Development, and Construction Documentation phases may qualify for sizable federal and state R&D tax credits.
- While contractual language is a relevant factor, qualifying activities under contracts with clients can also qualify in many cases.
- BRAYN’s expertise includes industry standard tracking and job costing software, which provides for efficient cost analysis and excellent substantiation.
- The R&D tax credit is based on “qualified research expenses” (QREs) – for every dollar spent on QREs, you can earn up to 8.0% in federal tax credits! Additionally, over 40 states offer similar R&D tax incentives that can double benefits in some cases.
ENGINEERING FIRM
CASE STUDY
QUALIFYING
ACTIVITIES
QUALIFYING ACTIVITIES
Design & Analysis
- Feasibility Studies
- SD, DD, & CD Development
- CAD & BIM Modeling
- Diagnostic Engineering
Engineering Services
- Structural
- Mechanical, Electrical, Plumbing
- Civil & Environmental
- Other Specialty Engineering
Construction
DID YOU KNOW?
DID YOU KNOW?
- Certain design, preconstruction, estimating, and upfront planning activities for construction projects may qualify for sizable federal and state R&D tax credits.
- While contractual language is a relevant factor, qualifying activities under contracts with clients can also qualify in many cases.
- BRAYN’s expertise includes industry standard tracking and job costing software, which provides for efficient cost analysis and excellent substantiation.
- The R&D tax credit is based on “qualified research expenses” (QREs) – for every dollar spent on QREs, you can earn up to 8.0% in federal tax credits! Additionally, over 40 states offer similar R&D tax incentives that can double benefits in some cases.
MECHANICAL CONTRACTOR
CASE STUDY
QUALIFYING
ACTIVITIES
QUALIFYING ACTIVITIES
- Engineering of foundational, structural, mechanical, and electrical building sub-systems
- Development of construction techniques for improved construction efficiency and implementation performance
- Value engineering assessments to reduce cost while achieving constructible building and infrastructure designs
- Constructability reviews of the design work of architects and engineers
- Building sub-system design, coordination, and clash detection using BIM or CAD modeling to ensure a reliable and efficient construction process
Manufacturing
DID YOU KNOW?
DID YOU KNOW?
- Certain product development and process improvement activities performed by manufacturing companies may qualify for sizable federal and state R&D tax credits.
- BRAYN’s expertise includes industry standard tracking and job costing software, which provides for efficient cost analysis and excellent substantiation.
- The R&D tax credit is based on “qualified research expenses” (QREs) – for every dollar spent on QREs, you can earn up to 8.0% in federal tax credits! Additionally, over 40 states offer similar R&D tax incentives that can double benefits in some cases.
MANUFACTURING FIRM
CASE STUDY
QUALIFYING
ACTIVITIES
QUALIFYING ACTIVITIES
- Product Design & Testing
- First-Article Runs
- CNC Programming
- Tooling Development
- Equipment Development
- Process Design & Development
- Quality Assurance
Software
DID YOU KNOW?
DID YOU KNOW?
- Much of the software coding and testing, as well as version improvements, performed by software companies may qualify for sizable federal and state R&D tax credits.
- BRAYN’s expertise includes industry standard tracking and job costing software, which provides for efficient cost analysis and excellent substantiation.
- The R&D tax credit is based on “qualified research expenses” (QREs) – for every dollar spent on QREs, you can earn up to 8.0% in federal tax credits! Additionally, over 40 states offer similar R&D tax incentives that can double benefits in some cases.
SOFTWARE COMPANY CASE STUDY
QUALIFYING
ACTIVITIES
QUALIFYING ACTIVITIES
- Enterprise Architecture
- Flowcharting Software Logic
- Programming Software Source Code
- Improving Upon Open-Source Software Codes
- Compiling and Testing Software Codes
- Unit, Integration, Functional, Performance, and Regression Testing
Real Estate
DID YOU KNOW?
DID YOU KNOW?
- Many components of buildings can be reclassified as 5, 7, or 15-year assets from their original 27.5 pr 39 year lives.
- This provides the benefit of accelerated depreciation, which reduces taxes and increases cash flow.
- Building owners can take advantage of the ability to look back and “catch-up” lost depreciation deductions.
COST SEGREGATION FOR REAL ESTATE
ELIGIBLE FOR COST SEGREGATION
ELIGIBLE FOR COST SEGREGATION
- Commercial & Residential Building Owners, Developers, REITs, etc.
- New Construction
- Repairs and/or Improvements
- Acquisitions
Biotechnology
DID YOU KNOW?
DID YOU KNOW?
- Biotechnology, pharmaceutical, and medical device companies are prime candidates for valuable federal and state R&D tax credits.
- Many of the drug & product development and process improvement activities performed by biotechnology companies may qualify for sizable federal and state R&D tax credits.
- The R&D tax credit is based on “qualified research expenses” (QREs) – for every dollar spent on QREs, you can earn up to 8.0% in federal tax credits! Additionally, over 40 states offer similar R&D tax incentives that can double benefits in some cases.
Biotech manufacturing case study
BIOTECH MANUFACTURING QUALIFYING ACTIVITIES
BIOTECH MANUFACTURING QUALIFYING ACTIVITIES
- Product Design & Testing
- First-Article Runs
- Clinical Trials
- CNC Programming
- Tooling Development
- Equipment Development
- Process Design & Development
- Quality Assurance
DRUG DEVELOPMENT QUALIFYING ACTIVTIES
DRUG DEVELOPMENT QUALIFYING ACTIVTIES
- Identification of Receptor Targets
- Computer Modeling
- Assay Development
- Pharmacology
- Clinical Testing
- Process Design & Validation
- Equipment Selection
Energy
DID YOU KNOW?
DID YOU KNOW?
- Many of the tooling design, extraction technique, and refinery process development projects performed by oil and gas companies may qualify for sizable federal and state R&D tax credits.
- The R&D tax credit is based on “qualified research expenses” (QREs) – for every dollar spent on QREs, you can earn up to 8.0% in federal tax credits! Additionally, over 40 states offer similar R&D tax incentives that can double benefits in some cases.
PETROLEUM PUMP MANUFACTURER CASE STUDY
QUALIFYING ACTIVITIES
QUALIFYING ACTIVITIES
- Designing New or Improved Refinery Plants & Processes
- Developing New or Improved Extraction Processes & Techniques
- Designing and Testing on Offshore Rigs and Structures
- Developing New or Improved Drilling Mud Formulations
- Improving Refinery Yield and Minimizing Scrap & Waste
- Designing and Manufacturing First Article Drill Bits, Pumps, and Other Equipment
Transportation
DID YOU KNOW?
DID YOU KNOW?
- The federal government and most states have enacted fuel tax breaks for transportation and other fuel consuming companies for various uses of gasoline, diesel, and other common fuels.
- For federal purposes, taxpayers may be eligible for refunds of tax paid on gallons of certain fuels used in vehicles and equipment off-road, such as in farm equipment, compressors, generators, and bulldozers.
- Many states offer a wider range of refund opportunities than the federal government, extending exemptions to vehicles licensed for on-road use, such as cement mixers and garbage trucks.
TRANSPORTATION INDUSTRY CASE STUDY
EXAMPLES OF QUALIFYING VEHICLES & EQUIPMENT
EXAMPLES OF QUALIFYING VEHICLES & EQUIPMENT
- On-road Vehicles w/PTO Equipment
- Cement Mixers
- Trash Compactors
- Dump Trucks
- Bucket Trucks
- Solid & Liquid Cargo Pumps
- Carpet Cleaning Vehicles
- Refrigerated Truck/Trailer
- Auxiliary Power Units (APUs)
- Mass Transit
- School & Local Buses
- Van Services
- Off-road Vehicles & Equipment
- Construction Equipment (generators, dozers, etc.)
- Oilfield Service Equipment
- Lawn Maintenance Equipment
- Farming Equipment
- Marine Vessels
- Forklifts
- Other Opportunities
- Taxicabs
- Government-owned Vehicles
- Diesel-powered Trains
WHO CAN BENEFIT?
WHO CAN BENEFIT?
- Common/Private Carriers
- Waste/Sanitation
- Construction
- Oil & Gas and Oilfield Service
- Farming/Agriculture
- Chemical
- Food Service
- Manufacturing
- Passenger Transit
- Mining/Industrial
Food & Beverage
DID YOU KNOW?
DID YOU KNOW?
- Due to the dynamic nature of the food and beverage industry, many companies are prime candidates for tax breaks.
- Companies developing new or improved food or beverage products, manufacturing processes, and packaging can qualify for sizable federal and state R&D tax credits.
- The R&D tax credit is based on “qualified research expenses” (QREs) – for every dollar spent on QREs, you can earn up to 8.0% in federal tax credits! Additionally, over 40 states offer similar R&D tax incentives that can double benefits in some cases.
FOOD MANUFACTURER CASE STUDY
QUALIFYING ACTIVITIES
QUALIFYING ACTIVITIES
- Developing new or improved product formulations to enhance flavor or increase nutritional content
- Creating new or improved food manufacturing processes to meet federal, state, and local health guidelines
- Producing pilot batches of foods or beverages for shelf life and stability analysis
- Integrating new or different ingredients for improved taste, smell, or texture
- Designing new packaging for improved temperature regulation or durability
- Modifying formulations to include more sustainable ingredients