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R&D TAX CREDIT
Food & Beverage
Industry Insight
The food and beverage industry presents excellent opportunities for R&D Tax Credits. Companies in this sector are typically involved in food safety process improvements and development of new formulations and products, often requiring numerous rounds of test batches.
A common misconception is that to qualify, a company has to be developing something revolutionary to their industry. However, qualifying activities don’t necessarily need to be new to the world, just new to YOUR company.
Qualified Research Activities Typically Include:
- Product Formulation
- Bench & Pilot Batch Testing
- Shelf Life Improvements
- Experimenting with New Ingredients
- Production Process Improvements
- Packaging Design & Development
- Food Safety Testing Process Improvements
- Integration of New Equipment & Automation
We have helped food and beverage manufacturers of all sizes obtain tax savings through a comprehensive R&D Tax Credit Study.
Our Food & Beverage Industry Expertise
R&D Tax Savers specializes in identifying eligible R&D Credit activities and quantifying the eligible costs associated with those activities.
Our subject matter experts work directly with you and your tax professionals to quantify and substantiate R&D Tax Credits. The R&D Tax Savers team includes Engineers from a variety of disciplines, Tax Attorneys, CPAs, and IRS Enrolled Agents.
Our focus on the quantitative and qualitative aspects of your R&D will improve your company’s internal procedures, resulting in simpler, stronger R&D claims in the future.
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Wondering if Your Company Qualifies?
Discover your tax savings with a complimentary R&D Tax Credit assessment from our team of experts.
No two cases are the same, which is why we take an individualized approach.
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Charles R. Goulding
President
Charles R. Goulding is an Attorney/CPA, President and founder of Energy Tax Savers/R&D Tax Savers, two divisions of a national tax consulting firm. Previously, he was a Managing Director at Cooper Industries Inc. (now Eaton) in Houston, Texas. Before joining Cooper, Mr. Goulding was a vice president of Dover Corporation, an eight billion dollar sales NYSE diversified industrial manufacturer. At both companies, Mr. Goulding created and administered company-wide R&D Tax Credit programs. These programs encompassed both domestic and international business operations and have helped generate over $600 million in tax savings for their respective firms. Mr. Goulding has been at the forefront of R&D Tax Credit work since the credit’s inception in 1981.
Mr. Goulding has a law degree from Brooklyn Law School (Juris Doctor) and an MBA from Adelphi University. Mr. Goulding also participated in Pace University’s Doctor of Business Administration Program. His undergraduate degree is from the State University of New York at Stony Brook where he was a double major in Political Science and Economics. He spent his junior year abroad at the University of Copenhagen, Denmark.
Mr. Goulding is a former President of the New York Chapter of the Tax Executives Institute and also participated in Pace University’s Doctor of Business Administration Program. He has served as the co-chairman of the Taxation of Mergers and Acquisition conferences in Chicago, Houston, New York City, San Francisco and Paris, France. He recently chaired New York’s Solar Investment Conference.
He has authored over 800 articles for numerous tax publications including International Business, International Tax Journal, Euromoney, Taxation for Accountants, The Practical Accountant, The CPA Journal, and Corporate Business Taxation Monthly.
Mr. Goulding successfully litigated the Dover Corporation case in U.S. Tax Court (the first check the box case) and the Pulsar International case on reasonable compensation. He is also the Mayor of the Village of Oyster Bay Cove, New York