Tax Credit Consultants
Empowering your business with R+D tax credits and other incentives
Tax credits and incentives can help offset costs, improve cash flow, and reduce your effective tax rate. Identifying and capturing all available incentives, however, can be complex.
With the enactment of the One Big Beautiful Bill Act (OBBBA), businesses now benefit from a major change: full expensing of U.S.-based R&D costs are permanent starting in 2025. The Aldrich R&D OBBBA checklist can help you identify potential considerations for your company under the new legislation.
At Aldrich CPAs + Advisors, our professionals bring deep experience across a range of credits, including business incentives, economic development, employment-based programs, and research and development (R&D) activities.
Enhanced R&D Deductions Under the New Tax Law
R+D tax credits are available to a wide variety of industries at both the Federal and, in most cases, the state level.
New R&D federal provisions as a result of OBBBA can help simplify planning and improve cash flow for companies investing in innovation, product development, or process improvement, even if they do not claim the R&D credit itself. Additional transition options allow businesses to retroactively deduct previously capitalized R&D costs or accelerate unamortized balances from 2022 to 2024.
R&D incentives are designed to encourage U.S. companies to maintain their competitive advantages through continued innovation and improvements. The credit applies to a number of areas within your business, including some salaries, materials, and contract services for qualified activities. A number of elements in the manufacturing and distribution field may be eligible for an R+D tax credit claim.
Economic development
With a growing business, there may be opportunities for economic development incentives:
- Identify available credits
- Monitor and manage screening compliance and form compliance
- Submit forms to state agencies for tax credit certification
- Calculate credits
- Document eligible expenses and produce a detailed audit trail
Research and Development
OBBBA Strategic Checklist
The One Big Beautiful Bill Act (OBBBA) brings a wide range of updates to the tax code that could bring significant impacts and opportunities to businesses and their owners. To help leaders navigate these developments, we’ve developed a Research and Development checklist designed to highlight key considerations and support informed strategic planning.
Tax credits in your industry
Agriculture Tax Credits + Tax Breaks for Farms
Agriculture is full of activities that qualify for tax credits, including storage techniques, conveyance systems, irrigation technology, and more.
R+D Construction Tax Credits
Research and development isn't just for labs - it's an opportunity for construction businesses to reduce their tax burden and invest in progress. Our advisors are ready to help.
R+D Tax Credits for Manufacturing
Whether you're developing new processes, experimenting with materials, or improving production lines, you may already be eligible for R+D tax credits in the manufacturing industry.
Engineering Tax Credits + Deductions
Engineering firms can benefit greatly from taking advantage of R+D tax credits to help fund their innovative projects and maintain their competitive advantage in the market.
Tax News
Meet Our Engineering Tax Credit Specialist
Partner
Alex Bray, JD, LLM, MBA
Aldrich CPAs + Advisors LLP
Alex leads the Aldrich Tax Credits and Incentives group. Before joining Aldrich, Alex was a director at a tax consulting firm and a senior associate at a Big Four firm. Specializing in business tax advisory and quantitative services, Alex enjoyed connecting with leaders from startups to large businesses, all interested in pursuing the R&D tax… Read more Alex Bray, JD, LLM, MBA
Alex's Specialization
- Agribusiness tax credits
- Construction tax credits
- Engineering tax credits
- Manufacturing tax credits
- R+D Tax Credits
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