Last year, over 6,000 manufacturers claimed more than an estimated $10 billion in research tax credits (RTCs), with each manufacturer’s average benefit exceeding $1 million. Generated in part by manufacturers’ efforts to develop new and improved products and processes, these benefits were also generated by their continued investment to develop or improve software to manage or automate production processes and business intelligence, among other things.
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Topics: manufacturers, manufacturing, software development, Tax, Uncategorized
The MPI Internet of Things Study evaluated the readiness of U.S. manufacturers to incorporate smart devices and embedded intelligence within their plants and into their companies’ products. The study was conducted by The MPI Group and sponsored by BDO. In August and September 2015, 350 manufacturers participated in the study. For additional study findings and information on the respondents, view the executive summary.
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Topics: cybersecurity, Internet of Things, manufacturers, manufacturing, R&D tax credit, Uncategorized
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Topics: 2014 activity, Georgia Manufacturing, manufacturers, Uncategorized
IC-DISC is the last export incentive remaining after the 2004-2006 changes to the Extraterritorial Income Exclusion. Fortunately, it became even more attractive in the wake of the Job and Growth Tax Relief Reconciliation Act of 2003.
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Topics: exports, Extraterritorial Income Exclusion, IC-DISC, manufacturers, Tax, Uncategorized