Satellite Technology

From CubeSats to the International Space Station (ISS), satellite technology is indispensable to governments, the military, and the communications industry. Innovations have made it cheaper to send satellites into Earth’s low orbit to observe space, beam the Internet, and study our planet’s environmental conditions. If your company improves or implements new satellite technology, it may be eligible to claim the Research and Development (R&D) Tax Credit. The tax savings can provide much-needed capital to reinvest in employees, infrastructure, and additional innovation.

Employee wages, raw materials and supplies, cloud computer rental, and third-party contractor costs associated with R&D 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: 

• Reducing steps in the manufacturing process for increased efficiency
• Designing 3D models, prototypes, and/or first articles
• Experimenting with communication methods, data compression, or encryption techniques
• Designing satellites that are lighter, more durable, and more cost-effective
• Improving satellite fuel for safer handling and integrating solar energy storage capabilities
• Creating and testing new composite materials
  

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

• Aerospace Technicians
• C-Suite
• Chemical Engineers
• Computer-aided Design (CAD) Engineers
• Materials Engineers
• Mechanical Engineers
• QA/QC Personnel
• Research Scientists
• Robotics Engineers
• Spacecraft Designers

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.