Case Study: Leading Construction Firm achieves over $688K in tax savings with Marcum LLP R&D Study

Construction Firm Generates Excess Tax Savings through R&D Study

Marcum LLP worked with Leading Construction Firm, a family-owned construction business specializing in fully engineered architectural exterior wall systems. As the company invested heavily in new technology and fabrication processes to improve efficiency and profitability, it wanted to see whether those ongoing investments could also generate tax savings.

Marcum LLP assembled a cross-disciplinary team from its Construction Services and Research & Development Tax Credit groups to perform a three-year R&D study. The review identified qualified research activities and expenditures, resulting in more than $688,000 in federal tax credits, with the opportunity to continue benefiting from tax savings in future years as the company keeps pursuing qualified R&D work.