Industry: Engineering – Automation Technology
Company Description:
This Tax Point Advisors client offers a wide range of automaton technology for the plastics industry. They are one of the world’s foremost suppliers of robots for the injection molding industry. Customers include custom and captive molders, ranging from small independent to major multinational corporations, and spanning the range of injection-molding markets and products, from consumer non-durables to critical industrial components.
General Qualifiers:
Engineering/Design * CAD * Tooling * Machining * Fabrication * Software Design * Automotive Design
Specific Qualifying Activity:
In designing and engineering robotics for plastic injection molding companies, this company creates entire robotic systems and end-of-arm tooling, designs the software that controls the robotics, and engineers the optimal automation, including plant layout and design. They also provide engineering services for mold and part design for plastic injection molding clients.
Ultimate Benefit to Company:
Tax Point Advisors estimates a high-six-figure credit range for this company during the assessment phase, and was able to find 8% more credits than even the high end of their original estimate.
Industry: Architecture & Engineering
Company Description:
This small Louisiana-based firm specializes in architecture and interior design for residential, institutional, municipal and commercial properties. They strive to integrate effective and environmentally sound solutions into their clients’ projects, and to educate them on the impact that design can have upon the environment by advocating green building and sustainable design.
General Qualifiers:
CAD Design * In-House and Contract Engineering * Blueprinting
Specific Qualifying Activity:
This company’s Qualified Research Activities centered around the development of specific design concepts related to fostering functionality in terms of the incorporation of new technologies, utilization of space, occupants’ health and well being, building security, the preservation of historical artifacts, accessibility and sustainability. They also have a significant focus on “green” design, technologies and materials.
Other Company Specific Factors:
Although this young company was eligible to claim federal credits, they would only have been eligible for credits on a carry-forward basis (as opposed to a cash refund), because they did not yet have any tax liability. However, Louisiana has a refundable state credit in excess of liability, and they were able to access the full state credit as cash that they were then able to use to grow the business.
Ultimate Benefit to Company:
This small company was able to receive a low six-figure refundable state credit for a one-year study, and Tax Point Advisors was able to find approximately 34% of additional credits above the original estimate. Because Tax Point Advisors (unlike many of their competitors) charges a fixed-fee, this increase in credit return posed no additional cost to the client.
Industry: Manufacturing: Coaxial Cables and Connectors
Company Description:
This company is both a manufacturer and a custom job shop for RF and microwave coaxial connectors and cable assemblies. This company offers connectors in a wide range of frequency and voltage ratings, along with flexible, semi-rigid, hand-formable and test cables, and turned components. They also specialize in custom-engineering these components to meet unique, customer-driven needs, and serve multiple industries including aerospace, telecommunications, medical and military/defense.
General Qualifiers:
CAD Design * Engineering * Manufacturing * CNC turning and milling * Product Development * Prototyping
Specific Qualifying Activity:
In their custom work, this company builds a prototype, modifies and re-engineers as needed, and then manufactures the end result. In their standard manufacturing, they are continuously refining processes to improve products and production processes and reduce costs.
Ultimate Benefit to the Company:
Tax Point Advisors estimated a mid-six-figure credit range for this company during the assessment phase, but were able to find 16% more credits than the high end of the original estimate.
