For engineering firms, Tri-Merit offers a suite of tax-saving services designed to maximize benefits from investments in innovation, energy efficiency, and asset management. Engineering firms may qualify for the R&D Tax Credit through activities like developing new designs or improving processes. Cost Segregation services help reduce tax liabilities by accelerating depreciation for real estate assets, freeing up capital for growth. Additionally, Tri-Merit’s Energy Incentives and 179D/45L tax credits reward energy-efficient building improvements, supporting engineering clients in meeting regulatory standards while enhancing cash flow.
Examples of qualifying activities for engineering firms seeking the R&D credit may include:
- The design and development of innovative new or improved infrastructure projects such as bridge structures, and light-rail systems
- The design and development of innovative or unique waste-water treatment facilities, pump stations, or other water supply facilities
- Drainage design, structural design, and other ancillary engineering design and development efforts
- GIS and other software development activities
- The design and development of SCADA and other control or management systems
- Modeling and simulation of new or improved designs for testing and evaluation purposes
- Computer-aided design (CAD) and computer-aided engineering (CAE) activities
“The Engineering Services in the US industry consists of Industrial and manufacturing projects, energy projects, project management services, commercial, public and institutional projects, transportation projects, municipal utility projects, telecom projects and other projects and services. “
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