R+D Construction Tax Credits
Maximize your tax savings with experts who understand your construction business
R+D Tax Credits
Research and development (R+D) doesn’t just happen in a lab. For businesses, everyday operations can be a driving force of innovation and tax savings. Initially introduced in the 1980s, qualifying projects and developments are more widely available across most industries, including construction. R+D is an opportunity for businesses to reduce their tax burden and invest in progress.
Aldrich’s accountants and advisors are deeply intertwined with the construction industry and will act as your guide to applicable tax deductions, including 179D deductions and other R+D credits.
How do contractors benefit from R+D tax credits?
R+D tax credits represent a significant tax savings opportunity for contractors. Expenses related to developing or improving work activities, components, or final products are all potential deductions that can reduce overall tax liability. Aldrich is here to help you take charge of your business’s financials with the R+D tax credits.
What activities and expenses apply for deductions?
Innovation doesn’t have to be revolutionary. The R+D tax credits cover all types of progress, like improving an HVAC system or enhancing sustainability and energy efficiency.
These credits can help cover the costs of supplies, labor, design, testing, and more. Learn more about the four-part test and qualifying activities.
How can I take advantage of R+D tax credits?
While the forms and regulations for R+D tax credits can seem intimidating, enlisting the help of a dedicated professional can help you maximize tax savings and avoid penalties. Our advisors serve more than 500 general contractors, subcontractors, and developers, providing industry-specific knowledge and advice.
If you’re ready to invest in R+D and save along the way, let’s talk.
Meet Our Construction Tax Credit Specialist
Alex Bray, JD, LLM, MBA
Aldrich CPAs + Advisors LLP
Alex Bray is a taxation law expert as well as a licensed attorney with a Master of Laws in Taxation and an MBA. Prior to joining Aldrich, Alex was a Tax Senior at a Big Four firm where he specialized in business tax advisory and quantitative services. During his time there, Alex enjoyed connecting with... Read more Alex Bray, JD, LLM, MBA
- Agribusiness tax credits
- Construction tax credits
- Engineering tax credits
- Manufacturing tax credits
- R+D Tax Credits
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