Case Study 2: Engineering Firm

Company Overview:

An engineering firm specializing in structural engineering, design, and analysis for commercial and residential buildings.

Challenge:

The firm was engaged in developing advanced building systems, incorporating sustainable and energy-efficient technologies. They were working on designing new materials and systems to enhance structural integrity while reducing environmental impact.

R&D Activities

  • Material Science:
    The firm explored and tested innovative composite materials to improve the durability and energy efficiency of building structures.
  • Building Systems Integration:
    They developed new systems for better energy consumption, including smart HVAC systems and structural systems that automatically adjust to environmental conditions.
  • Finite Element Modeling (FEM) and Simulation:
    The firm conducted extensive simulations to test new structural designs under varying load conditions, requiring advanced software development and optimization.

Eligibility for R&D Tax Credit:

  • Engineers and technical staff engaged in designing, testing, and refining new materials and building systems could claim R&D credits. The firm’s investment in developing new software to simulate building stress tests, as well as the labor costs of engineers performing experimental design work, would qualify.
  • In addition, the costs for materials testing, prototyping, and energy-efficient technologies used in buildings would also be eligible.

Result:

The R&D Tax Credit provided the engineering firm with tax savings that allowed them to continue advancing their designs and pursue more sustainable construction solutions.

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