R&D Tax Credit | Food & Beverage

We have experience working with Food & Beverage companies, identifying suitable innovation funding and incentive solutions for their businesses.

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Braithwaite Ireland: Specialising in R&D Tax Credit for the Food & Beverage Industry

The Food & Drink sector is a hotbed of research and development, with companies consistently exploring new avenues. These pursuits range from developing innovative recipes and adapting to environmental shifts to implementing cutting-edge production techniques. Such initiatives are prime candidates for R&D tax relief, a financial incentive that can be reinvested to drive business growth and stimulate further innovation.

Eligible R&D Activities in Food & Drink Industry

With Braithwaite’s expertise in R&D tax credit consulting, we identify a spectrum of activities that may qualify for these valuable tax incentives:

  • Innovation in Products and Packaging: Crafting entirely new products or designing novel packaging solutions.
  • Culinary Research: The art of concocting new recipes.
  • Technological Advancements: The design, development, or enhancement of manufacturing technologies and processes.
  • Quality and Safety Enhancements: Initiatives aimed at reducing spoilage, waste, or contamination.
  • Health-Conscious Modifications: Altering the properties of food and drink for health benefits while preserving sensory attributes like taste, appearance, smell, and texture.
  • Shelf Life Extension: Reformulating or altering production processes to significantly improve product shelf life.
  • Consistency in Liquid Products: Perfecting processes to ensure even distribution of particles in liquid products, meeting both nutritional standards and clean-declaration requirements.
  • Research in Storage and Packaging Atmosphere: Expanding knowledge on how different atmospheres and packaging affect a product’s appearance and sensory properties over time.
  • Bread Fermentation Techniques: Exploring the impact of various fermentation methods on the shelf life of bread crust.
  • Seasonal Production Challenges: Tackling technical difficulties in production processes arising from seasonal variations.
  • Production Efficiency: Introducing or enhancing production techniques to substantially increase production speed.

Why Choose Braithwaite Ireland for R&D Tax Credit?

As R&D tax credit experts, we specialize in identifying and maximizing tax incentives for innovation, specifically in the Food & Beverage industry. Our services include:

  • R&D Tax Credit Calculation and Claiming: Expert assistance in determining your eligibility for R&D tax credits and guiding you through the claiming process.
  • Comprehensive Tax Credit Consulting: In-depth consulting services covering various aspects, from IRS and state R&D tax credits to specific sectors like technology, manufacturing, software development, engineering, and pharmaceuticals.
  • Maximising Benefits: Strategies to maximize your R&D tax credit benefits, tailored for businesses of all sizes, including small business R&D tax credit opportunities.

Leverage Braithwaite’s proficiency in R&D tax credit to fuel your innovation and sustain growth in the Food & Beverage sector.

Contact us today for further information: [email protected].

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