R&D Tax Credits in the Home Goods & Cleaning Supply Sector
In a competitive industry with companies in search of safer and more effective or desirable products, innovation is king. Home goods producers and cleaning supply manufacturers seeking to optimize chemical makeups or manufacturing processes engage in research and development activities to advance technology, but many don’t take full advantage of R&D tax credits available to them. Ayming USA works in consultation with a range of home goods businesses to get the most out of R&D tax credit claims within this industry.
Is your company involved in the home goods & cleaning supplies industry?
New technologies and process developments are daily opportunities for companies producing home goods and cleaning supplies. Addressing these technical challenges often qualifies as research and development from a tax perspective and many companies are likely to be eligible for generous tax relief.
What counts as R&D for home goods & cleaning supply manufacturers?
If your business is involved with any of the following R&D credit-qualifying activities and you are not already claiming R&D tax relief, then it’s likely that you could be.
Projects that may qualify for R&D tax relief include:
- Developing new or improved formulations that meet specific requirements for pH level, toxicity, and anti-bacterial qualities
- Manufacturing process to reduce or eliminate cross-contamination
- Testing and validation prototype product samples against foreign and domestic regulatory requirements
- And many more…
Our specialists understands your business & helps acquire R&D tax credits.
Ayming USA has the experience to review the contracts, time tracking, and other industry-specific documentation to deliver accurate results for home good and cleaning supply companies. We’ll help you walk through the steps to make a quality R&D tax claim.
Our consultants have industry-specific experience and knowledge of the home goods & cleaning supplies sector. We take the time to truly understand how your company innovates to better identify all qualifying R&D expenditures to help you make a successful claim for R&D tax credits.
Download your free factsheet
We’ve put together a handy, streamlined summary of research and development in the Home Goods & Cleaning Supplies industry. Simply fill in your details to download your free factsheet and learn more about building your business with R&D tax incentives.
