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A re you looking to be more competitive in an ever-changing global economy? Are you being asked to develop and improve designs and processes to be more forward thinking? Are you finding that the cost of this constant development and improvement is becoming more costly? The R&D tax credit A lot of AEC firms might think they won’t qualify for the incentive, but with the increasing complexity of design, they should rethink the issue.
Jason Bainter GUEST SPEAKER
ies, project budgeting, and construction and project management. ❚ ❚ Civil engineering. Engineering and design activities in connection with road and bridge design, water and wastewater treatment facilities, foundations and “Many AEC firms don’t realize it, but the complexity of modern structures often requires a great deal of innovation, design, and development – efforts that may qualify a firm for significant research and development tax incentives.”
Many AEC firms don’t realize it, but the complexity of modern structures often requires a great deal of innovation, design, and development – efforts that may qualify a firm for significant research and development tax incentives. If an AEC firm expends time and effort in the design phase of projects and processes, then they are in a great position to claim the R&D credit. A firm does not have to be operating a laboratory to qualify for the credits as defined by the Internal Revenue Code. The following are examples of activities that AEC firms provide that can qualify for the credit: ❚ ❚ Architectural activities. Design activities in con- nection with energy efficiency, site orientation, structural and functional features. These include commercial office buildings, educational facilities, hospitals, correctional facilities, industrial facilities, airports, stadiums, and other similar facilities. Ac- tivities that don’t usually qualify are feasibility stud-
See JASON BAINTER, page 10
THE ZWEIG LETTER October 30, 2017, ISSUE 1222
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