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.
Let's Get Started
Schedulea Free Consultation
Ready to amplify your client offerings and discover unclaimed tax savings? Contact us today to discuss a partnership or
schedule a no-obligation consultation. Let WeIncentivize be your partner in empowering financial success for your
clients.
