Traditional Engineering, Distribution, and Industrial Businesses
It is a popular misconception that traditional light industrial businesses don’t invest in technology. FinanSight’s experience working with a wide range of such businesses has identified considerable investment in technology. Even where the external investment is relatively modest, because it is often leveraged over a large team and requires significant retraining and re-conditioning in the move from paper-based processes, it can yield a significant tax credit. Examples include:
- RF warehouse management system
- New warehouse pickline methodology and software
- Custom-developed customer management systems for distribution business
- Investment in lathes and other new shop-floor equipment
- General office investments, such as upgrading payroll, HR, or accounting systems.