Architecture

Architecture firms constantly face design challenges as they evaluate design solutions and alternatives – from conceptual design to the construction document phase of a project. However, the company may be unaware that the expenses associated with the development of many of these designs may allow for valuable R&D incentive programs. Let TaxIncennovations help you get onto the path to valuable R&D tax credits for your company today!

Below are some of the examples of qualifying R&D activities but are not limited to the following:

Developing construction documents
Designing and developing master plans
Involving in value engineering activities
Developing conceptual designs and ideas
Designing and developing site features and orientations
Building information modeling (BIM) activities and computer-aided design (CAD)
Evaluation and collaboration between consultants on means and methods for constructability
Developing new or innovative designs to meet energy efficient specifications or LEED certifications

Prior to 2016, small to mid-size companies who qualified for the R&D tax credit were sometimes limited to utilize the credit by Alternative Minimum Tax (AMT). With the new regulations put in place in 2016, small to mid-size businesses can offset their AMT with the R&D tax credit.

Case Studies

An Architecture Firm can generate $160,000 in Federal and State R&D Tax Credits per year with gross receipts of $5 million.

Let TaxIncennovations evaluate how we can assist you in claiming R&D tax credits