Industry: Aerospace
Company Size: 50 Employees
Annual Revenue: $15M
R&D Tax Credit Savings: $275,000
Challenge in Aerospace
A mid-sized aerospace manufacturer specializing in aircraft components and lightweight structural materials was continuously improving aerodynamic efficiency, fuel performance, and composite materials for next-generation aviation. Their engineers conducted extensive prototype testing, computational simulations, and iterative design refinements, yet they were unaware that these activities qualified as R&D under IRS guidelines.
Although their R&D initiatives were embedded in everyday operations, they lacked a formalized process for tracking and documenting technical uncertainties and eligible expenses.
Our Approach
1). Engineering & Design Evaluation: Identified qualifying R&D activities, including wind tunnel testing, advanced material formulations, and software-based aerodynamic modeling.
2). Expense Documentation: Captured wages for aerospace engineers, materials scientists, and testing specialists, along with costs for prototype components and simulation software.
3). Audit-Ready Study: Prepared a comprehensive IRS-compliant report detailing their experimental processes, structural integrity testing, and design iterations.
4). Long-Term R&D Strategy: Established best practices for tracking and substantiating future R&D efforts to ensure continued eligibility.
Outcome
- Secured a $275,000 R&D tax credit, significantly reducing tax burdens.
- Allowed reinvestment in next-generation composite material research and precision manufacturing advancements.
- Created an R&D tracking framework to optimize future tax credit claims and ensure compliance.
Unlock Your R&D Tax Credits Today
At Credits Granted, we help aerospace companies identify and claim valuable R&D tax credits with full IRS compliance.
Want to see if your company qualifies? Schedule a Free Consultation today.
