INDUSTRY | Contract Manufacturer
COMPANY SIZE | approximately 300 employees
REVENUE | approximately $18M annually
BACKGROUND | the client is a contract manufacturer specializing in precision parts for aerospace, medical and other industries. The company utilizes “State of the Art” CNC manufacturing equipment to design, develop and fabricate new and improved components for their clientele.
RESULTS | our team was brought in to perform the Research and Development tax credit study. We worked closely with the product development managers and engineering team to identify the specific components of the business that would qualify. As a result of the study, the shareholders received tax saving over amount of $800,000.