Case Study: a automotive aftermarket manufacturer secures $750K in R&D tax credits with MGO

Automotive Aftermarket Manufacturer secures $750K in R&D credits with MGO

MGO assisted an automotive aftermarket manufacturer that was heavily reliant on a single automaker customer. When the 2000s economic downturn caused a steep decline in orders, the manufacturer faced a severe cash shortage and the threat of closure.

MGO identified that the company’s engineering activities qualified for the federal R&D tax credit. They documented the qualifying work and filed claims, securing approximately $750,000 in credits over three years, which provided about $500,000 in direct cash savings. This financial infusion stabilized operations, allowed for expansion and diversification, and was credited as a critical factor in the company's eventual rebound and successful sale.