INDUSTRY | Food Processing
COMPANY SIZE | approximately 150 employees
REVENUE | approximately $10M annually
BACKGROUND | our client has been manufacturing various types of noodles, wonton chips, and egg roll skins for nearly nine decades. Historically, the company developed new flavors and enhancements to their product lines, however, were not taking advantage of the R&D credit.
RESULTS | the R&D Incentives Group was able to aid the client in securing these missed tax credit opportunities by identifying, documenting, and calculating the appropriate qualifying expenditures. As a result of the Research & Development tax credit study, the client was able to recognize approximately $150,000 in federal and state benefits.