R&D Credit Case Study

Strike delivers $657k to an Automotive firm

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Overview

A custom racing engine manufacturer gained $657,000 in R&D tax credits for their innovation efforts. The time and expenses spent developing, engineering, and manufacturing custom engines made them a great candidate to receive significant tax benefits.
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Total R&D Credits Received:
$657,000
Inquire yearly details
Federal Credits Received:
$542,000
State Credits Received:
N/A
$115,000

Company Profile

Years in Business
18
State of Operation
TX
Avg. Annual Revenue
$
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Tax Year
2017-2021
Avg. Employee Count
30
Industry
Manufacturing

Qualifying Activities

Developing Proprietary Tech
Integration With Artificial Intelligence
Quality Assurance
Programming Source Code

Qualification Outcome

62%
N/A
of wages paid or incurred was qualified
35%
N/A
of expenses paid or incurred was qualified
15
average number of qualified employee

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