R&D Tax Credit Studies Built for Industrial and Technical Businesses

We help companies identify qualifying activities, analyze qualified research expenses, prepare technical narratives, and coordinate implementation with existing tax professionals.

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MTC What We Do

What We Do

Mixon Tax Consulting, LLC provides R&D tax credit consulting services for businesses involved in manufacturing, fabrication, machining, industrial contracting, automation, engineering, software, product development, and process improvement. Our role is to help determine whether qualifying activities exist, quantify the potential credit, and prepare documentation that supports the credit position.

Our services may include:

  • NInitial R&D qualification assessments
  • NProject and activity identification
  • NTechnical narrative preparation
  • NCoordination with the company’s CPA or tax preparer
  • NAudit defense coordination with Mixon Tax Law, PLLC, if needed
  • NEmployee and management interviews
  • NQualified wage, supply, and contract research analysis
  • NR&D study report preparation
  • NSupport in organizing substantiation materials
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Frequently asked questions

What Is the R&D Tax Credit?

The Research and Development Tax Credit is a federal business credit originally introduced in 1981 to incentivize companies to develop or improve products and processes. The credit is broader than many business owners realize. It is not limited to laboratories, scientists, or technology companies. Many businesses qualify because they improve products, processes, software, fabrication methods, equipment, or technical workflows that are new or improved for their own business.

What Makes an Activity Potentially Qualifying?

In general, an activity may be worth reviewing when the company is attempting to eliminate technical uncertainty through a process of experimentation. This can involve testing alternatives, developing prototypes, improving processes, evaluating materials, modifying equipment, or designing new or improved methods to achieve a technical result.
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Benefits

The R&D tax credit can provide a dollar-for-dollar reduction of federal income tax liability. In certain cases, eligible businesses may also use the credit to offset payroll taxes. Unused federal R&D credits may generally be carried forward for up to 20 years. The credit can increase cash flow and help businesses reinvest in employees, equipment, technology, and future projects.

R&D Study

A proper R&D study should do more than list projects. It should connect the company’s technical work to the credit requirements, identify the people involved, analyze the expenses claimed, and organize supporting records such as payroll data, project lists, invoices, drawings, design documents, testing information, job records, and employee interviews.

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