# Leveraging the R&D Tax Credit for Manufacturers with CohnReznick

- Show: [Manufacturing Happy Hour](https://hardwarepodcasts.com/podcast/manufacturing-happy-hour)
- Published: 2021-06-29
- Length: 39m
- Page: https://hardwarepodcasts.com/podcast/manufacturing-happy-hour/2021-06-29-leveraging-the-r-d-tax-credit-for-manufacturers-with-cohnreznick
- Listen: http://manufacturinghappyhour.com

## Summary

Jessie Cahill and Scott Hamilton from CohnReznick explain how US manufacturers can claim the R&D tax credit, dispelling the myth that it is only for high-tech labs. They detail qualifying activities such as process improvements, automation, and trial runs, noting that even fixing production errors or tweaking machinery qualifies. The guests outline a two-phase approach to claiming the credit, emphasizing that simple documentation like emails and lab notes is sufficient for substantiation.

## Chapters

- [0:00](https://hardwarepodcasts.com/podcast/manufacturing-happy-hour/2021-06-29-leveraging-the-r-d-tax-credit-for-manufacturers-with-cohnreznick#t=0) Introduction and R&D Credit Basics
- [5:21](https://hardwarepodcasts.com/podcast/manufacturing-happy-hour/2021-06-29-leveraging-the-r-d-tax-credit-for-manufacturers-with-cohnreznick#t=321) Qualifying Activities and Examples
- [7:17](https://hardwarepodcasts.com/podcast/manufacturing-happy-hour/2021-06-29-leveraging-the-r-d-tax-credit-for-manufacturers-with-cohnreznick#t=437) Magnitude of the Credit and Misconceptions
- [22:01](https://hardwarepodcasts.com/podcast/manufacturing-happy-hour/2021-06-29-leveraging-the-r-d-tax-credit-for-manufacturers-with-cohnreznick#t=1321) Documentation Requirements and Audits
- [24:36](https://hardwarepodcasts.com/podcast/manufacturing-happy-hour/2021-06-29-leveraging-the-r-d-tax-credit-for-manufacturers-with-cohnreznick#t=1476) Proactive Tracking and Two-Phase Process
- [31:52](https://hardwarepodcasts.com/podcast/manufacturing-happy-hour/2021-06-29-leveraging-the-r-d-tax-credit-for-manufacturers-with-cohnreznick#t=1912) Timing and Filing Strategy
- [33:43](https://hardwarepodcasts.com/podcast/manufacturing-happy-hour/2021-06-29-leveraging-the-r-d-tax-credit-for-manufacturers-with-cohnreznick#t=2023) Beverage Conversation and Wrap-up

## Topics

- [Pricing, margins & unit economics](https://hardwarepodcasts.com/topic/pricing-and-unit-economics)
- [Scaling production](https://hardwarepodcasts.com/topic/scaling-production)
- [Leadership, teams & culture](https://hardwarepodcasts.com/topic/leadership-and-culture)

## Most relevant to

early-stage companies

## Mentioned

- CohnReznick (company)
- Five Boroughs Brewing (company)
- Hi-Time Wine Cellars (company)

## Related episodes from other shows

- [The New ROI of Automation w/ Scot Lindemann](https://hardwarepodcasts.com/podcast/the-manufacturing-executive/2022-02-08-the-new-roi-of-automation-w-scot-lindemann) (The Manufacturing Executive)
- [Interview with Eric Ries - Transorted Testing Tachydidaxy](https://hardwarepodcasts.com/podcast/the-amp-hour/2013-08-21-interview-with-eric-ries-transorted-testing-tachydidaxy) (The Amp Hour)

## Citing this page

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