Electronics

There are numerous applications for electronics that benefit the military, retail, aviation, medical, and consumer goods industries. Designing products that improve communication, entertainment, and point-of-sale transactions require significant investments in research and development (R&D). If your electronics company is working on a novel device or improving on existing technology, it may qualify for the R&D tax credit. The R&D Tax Credit can offset the costs of innovation, and deliver needed capital to reinvest in your vision.

Employee wages, supplies, cloud computer rental, and third-party contractor costs associated with research and development activities are considered qualified research expenses (QREs). Companies can receive refunds of up to 22% of total QREs through federal and state tax credits, depending on the state in which your business operates. 

Examples of qualifying activities: 

• Designing novel electrical components, including microchips, capacitors, and batteries
• Improving testing systems for military applications
• Researching new materials to lower power consumption and improve thermal efficiency
• Creating new electronic products for consumer and commercial use
• Designing new wireless networking devices (e.g. garage door openers, routers)

Do you have these job titles on your payroll, or do you hire third-party contractors to do these jobs? 

• C-Suite
• Computer Scientists 
• Consultants
• Electronics Engineers
• Materials Analysts
• Mechanical Engineers
• Scientists
• Software Developers
• PhDs

Use our R&D Tax Calculator to estimate your potential benefit, and partner with Strike to claim your tax benefits with no up-front costs. Contact one of our experts today.