DST's Approach Helps Save a Tier 1 Auto Supplier $4.5M Through an IRS Examination
A Tier One Automotive supplier with $300M annual revenue and three manufacturing facilities across the US was in the process of designing a new, state-of-the-art manufacturing line in one of their newest facilities. DST was engaged to conduct a full study for an originally filed claim, as well as amending prior years. In total, DST was able to help the company claim over $4.5M in credits over 4 years.
Calculating the R&D Credit In House Can Be Costly
A $200M food equipment manufacturer with a history of claiming the Research Tax Credit (RTC) conducted an in-house study that included costs related to the Engineering department. The methodology used for the study was a costing/accounting basis, where the financials drove the inclusion of costs as qualified research expenses (QREs) alone.
International Headquarters - No Previous R&D Claims - Dozens of Locations
A $2B international company with over 40 locations across the United States had not claimed any Research Tax Credits (RTC) in the past due to a number of factors. Some were tax-related – they were in losses and had gone through several mergers and acquisitions which resulted in utilization issues. DST offered to conduct a detailed assessment to provide an accurate benefit range.