A privately-held global manufacturer of household cleaning supplies and chemicals was made aware, through a Baker Tilly advisor, that activities related to its manufacturing process at their Mexico facility might qualify for the Mexican R&D credits incentive. The company lacked the resources or background necessary to compile the required information to evaluate the costs and activities to submit a viable claim so enlisted Baker Tilly
Baker Tilly international tax and credits and incentives specialists and professionals with Spanish language skills were mobilized to assist the company expeditiously. Through a collaborative effort with the client, Baker Tilly provided the accounting, tax, and engineering expertise required to explore and document R&D activities, and comply with the requirements of filing a financially optimal R&D claim with the Mexican government. The team further leveraged its long-standing relationship with the Mexican regulatory agency that administers the R&D tax credits to ensure a successful result.
Taking advantage of Baker Tilly’s approach to identify eligible R&D projects and associated expenditures within the company’s normal course of operation helped to secured credits in excess of $1 million USD (approximately $13.1 million pesos)