Industry R&D Facts

  • Bowers R&D Associates has been busy! We’ve been forging new partnerships, planning events, and finding amazing resources for our clients! The team at Bowers R&D Associates has been incredibly busy this year! From helping clients secure great tax credits to partnering with amazing groups, the team has been working hard to make the Bowers R&D…

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  • Federal and state research and development (R&D) tax credits are available to eco-friendly fashion manufacturers throughout the country. Eco-friendly fashion designers and manufacturers are working hard to not only make you look good, but to do good for the planet too. By producing sustainable fashion products, these manufacturers are transforming the fashion industry. Innovation can…

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  • Baby food manufacturers can save money with federal and state research and development (R&D) tax credits. Baby food manufacturers are, literally, feeding the future, and with R&D tax credits, your baby food company could continuing investing in new products until you make the top ten baby food brands list. It’s important that young, innovative companies…

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  • Eco-friendly concrete manufacturers can reduce their tax burden with federal and state research and development (R&D) tax credits. For over 20 years, R&D tax credits have helped spur the growth of young, forward-thinking businesses. There are R&D tax credits for robotics startups, breweries, and more, but can your eco-friendly concrete manufacturing company take advantage of…

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  • Dietary supplement manufacturers can benefit from R&D tax credits. Eligibility requirements must be met before a credit can be awarded. Growing luscious locks and keeping your body fighting fit has been made easier than ever with dietary supplements. The manufacturers of these products put in a lot of time and money to create high-quality supplements,…

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  • A research and development (R&D) tax credit can reduce a robotics startup’s tax burden. Robotics startups are paving the way for the future. It’s important that young, innovative companies take advantage of every resource available, like R&D tax credits. Taxes are a hefty financial burden for a startup, but thankfully these credits can reduce that…

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  • Dog food manufacturers could reduce their tax burden with a Federal research and development (R&D) tax credit. Our four-legged friends stick with us through good times and bad, so it’s only fair to feed them the best food available. Unfortunately, spending time and money to design the most nutritious kibble can be draining for a…

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  • Business owners can use the federal R&D tax credit to reduce their tax burden and keep money in their pockets. Creative companies that don’t apply for a federal R&D tax credit are losing money. An R&D tax credit is a reward bestowed by the federal government to companies that engage in R&D activities. Since these…

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  • If marijuana is reclassified as a Schedule III drug, plant touching companies could benefit from Federal and state R&D tax credits. Think marijuana and R&D tax credits don’t mix? Think again. With the high chance that marijuana is reclassified as Schedule III drug, Section 280E would no longer bar plant touching companies from utilizing tax…

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