R+D Construction 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.

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.

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.

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.