Architecture
DID YOU KNOW?
- Many design activities performed by architecture firms, especially those during the Schematic Design, Design Development, and Construction Documentation phases may qualify for sizable federal and state R&D tax credits.
- While contractual language is a relevant factor, qualifying activities under contracts with clients can also qualify in many cases.
- Expertise includes industry standard tracking and job costing software, which provides for efficient cost analysis and excellent substantiation.
- The R&D tax credit is based on “qualified research expenses” (QREs) – for every dollar spent on QREs, you can earn up to 8.0% in federal tax credits! Additionally, over 40 states offer similar R&D tax incentives that can double benefits in some cases.
ARCHITECTURE CASE STUDY
QUALIFYING ACTIVITIES
Design & Analysis
Feasibility Studies
SD, DD, & CD Development
CAD & BIM Modeling
Technical Studies
Architecture & Engineering Services
Building & Landscape Architecture
Structural Engineering
Mechanical, Electrical, and Plumbing Engineering
Civil & Environmental Engineering
Other Specialty Engineering