Winemaking
Research and Development Tax Incentives for the Winemaking Industry
Many companies in the winemaking 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 winemaking industry experts help you claim the credits you deserve.
Examples of Winemaking Innovations Eligible for R&D Tax Incentives Include the Following:
- Developing improved strains of grapes
- Evaluating and developing of soil and rootstock improvement processes
- Developing plant irrigation systems
- Developing new or improved fermentation processes
- Developing new or improved bottling and packaging processes
- Developing testing of new or improved corks
- Developing new or improved ingredient processing techniques
- Developing filtration methodologies
- Developing new or improved water recycling or waste management processes
- Developing new or improved fermentation 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 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 operating in the diverse areas that comprise food sciences. This group employs individuals with extensive experience in food science-related industries. alliantgroup has qualified and quantified credits for corporations ranging from small private food processing firms to large, multi-national food manufacturers.