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13 Corp. Bus. Tax'n Monthly 9 (2011-2012)
Rapid Robot Technology Advancements Supported by R&D Tax Credits

handle is hein.journals/corbus13 and id is 361 raw text is: June 2012 Rapid Robot Technology Advancements Supported by R&D Tax Credits By Charles R. Goulding, Spencer Marr and Charles G. Goulding Charles R. Goulding, Spencer Marr and Charles G. Goulding discuss the growing robotics industry, recent advancements and the possibility of companies developing robot technology qualifying for the 13-percent federal R&D credit, as well as some state tax credits. Long-awaited technology advancements for robots are now gaining momentum and can benefit from federal and select state R&D tax credits. Recent major technology developments in robot-related hardware and software are supporting a new wave of robot innovation. These innovations are serving as an advantage across wide regions of the national economy and are changing many industries-including the fields of surgical equipment, hazardous waste disposal and facility maintenance- and industrial/repetitive processes. The Research and Development Tax Credit Federally enacted in 1981, the R&D tax credit allows a credit of up to 13 percent of eligible expenditures for new and improved products and processes. Qualified research must meet the following four criteria: Charles R. Goulding, Attorney/CPA, is the President of R&D Tax Savers, an interdisciplinary tax and engineering firm that specializes in R&D tax credits. Spencer Marr is an Analyst with R&D Tax Savers. Charles G. Goulding is an Analyst with R&D Tax Savers. 1. new or improved products, processes, or software; 2. technological in nature; 3. elimination of uncertainty; and 4. process of experimentation. Eligible costs include employee wages, cost of supplies, cost of testing, contract research expenses and costs associated with obtaining a patent. Robot Hardware Innovation Surgical Recent advances in minimally invasive surgical techniques have made it possible to perform extremely precise procedures in the operating room with minimal margin for human error. For instance, the daVinci Surgical System is capable of performing a surgical procedure for the removal of a diseased gallbladder with only a single incision through the belly button of a patient.' The system presents several advantages over traditional techniques, but doctors and researchers most frequently cite the reduced patient discomfort as the greatest benefit. Because surgeons using robots are able to control the operating tools with increased dexterity, only the minimum amount of incisions need to be made to 02012 C.R. Goulding, S. Marr, C.G. Goulding CORPORATE BUSINESS TAXATION MONTHLY

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