Distilled Spirits
Research and Development Tax Incentives for the Distilled Spirits Industry
Many companies in the distilled spirits industry are unaware that the government offers generous research and development (R&D) incentive programs for which they may qualify. Even those that are aware often fail to capture the full extent of R&D tax credits to which they are entitled. The fact is that qualifying R&D activities take place in many industries and companies in which research is thought of not so much as a separate function, but rather as part of the product and process improvement work that goes on every day. For this reason, qualifying activities that happen during the normal course of business may be overlooked for purposes of the R&D Tax Credit. If you think you have to have a PhD and a state-of-the-art laboratory to be conducting qualified activities as defined by the Internal Revenue Code, think again. Let alliantgroup’s distilled spirits industry experts help you claim the credits you deserve.
Examples of Distilled Spirits Innovations Eligible for R&D Tax Incentives Include the Following:
- Developing new or improved distillation processes
- Developing new or improved fermentation processes
- Developing new or improved bottling and packaging processes
- Developing new or improved ingredient processing techniques
- Developing new or improved filtration methodologies
- Developing new or improved water recycling or waste management processes
- Developing new or improved distillation or bottling equipment
- Developing new or improved product formulations
- Developing new or improved ingredient mixing methodologies
- Developing new or improved product prototype batches
- Developing flavor or aroma profiles
- Developing new or improved preservative chemicals
- Testing of new or improved products to ensure consistency
- Testing of new or improved products to ensure shelf life
- Testing of product ingredient mixtures for desired flavor or aroma profiles
- Developing new or improved quality assurance testing processes
alliantgroup’s Food & Consumer Packaged Goods Industry Specialization Team
In order to better serve food and beverage manufacturing and processing firms, alliantgroup has developed an Industry Specialization Program that focuses on the qualification and quantification of R&D tax benefits for companies in the diverse areas that comprise food sciences, including brewing, winemaking, and distilled spirits manufacturing. This group employs individuals with extensive experience in alcoholic beverage-related industries.