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Research and Experimentation Tax Credit
Retroactive Study: PCB Manufacturer

Client Profile
McGuire Sponsel was engaged by company that designs and manufactures printed circuit boards and has annual revenue of $30 million.

The Challenge
McGuire Sponsel was charged with determining the amount of qualified research that existed in all areas of the project. Due to the types of materials used by the company in designing and manufacturing circuit boards, there was a significant amount of qualified supply expenses to research and tabulate. McGuire Sponsel tracked all costs to ensure qualified supply costs followed the guidance of the IRS.

Study Results
From 2006 to 2008, McGuire Sponsel worked with 20 of the company’s employees who participated in qualified research. McGuire Sponsel identified $3.5 million in qualified expenses over the three-year period, resulting in $110,000 in federal tax credits and $104,000 in state tax credits.