Industry: Construction
Company Size: 45 Employees
Annual Revenue: $10M
R&D Tax Credit Savings: $200,000
Challenges in Construction
A regional commercial construction firm was facing rising material costs and labor inefficiencies. To stay competitive, they began implementing new construction techniques, energy-efficient materials, and modular building methods to enhance sustainability and reduce waste.
While they considered these changes part of routine project improvements, they were unaware that many of their design modifications, material testing, and construction automation efforts could qualify as R&D under IRS guidelines.
Our Approach
1). Project Review & Technical Evaluation: Identified qualifying R&D activities such as experimenting with new prefabrication techniques, testing sustainable materials, and integrating digital project modeling.
2). Expense Documentation: Captured wages for architects, project engineers, and site managers involved in R&D-related work, along with prototype material costs.
3). IRS-Compliant Study: Created a comprehensive audit-ready report detailing the construction firm’s iterative design improvements and experimental building methods.
4). Future Tax Strategy: Developed an R&D tracking framework to ensure continuous eligibility for future credits.
Outcome
- Secured a $200,000 R&D tax credit, reducing tax burdens and improving financial flexibility.
- Allowed reinvestment in additional sustainable construction initiatives and workforce training.
- Established best practices for tracking future R&D efforts, maximizing long-term tax savings.
Unlock Your R&D Tax Credits Today
At Credits Granted, we help construction firms identify and claim valuable R&D tax credits with full IRS compliance.
Want to see if your company qualifies? Schedule a Free Consultation today.
