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What does the average company spend on R&D percentage-wise? My old company was a contract engineering company, so they always tried to staff everyone possible
by analogwzrd 3y ago
What does the average company spend on R&D percentage-wise?
My old company was a contract engineering company, so they always tried to staff everyone possible on projects being paid for by customers. R&D was used to develop internal tech and build expertise on new technologies so it was only maybe 10-25% of most engineer's timesheets.
Do other tech companies spend that much more on R&D?
- ryanSrich 3y agoFrom what I recall, the tax credit is used for products that aren't yet available to the market. So let's say a company needs 5 years to build some new hardware. Those 5 years of labor and expenses are all R&D. I think that's why this is such a big deal. I could be wrong though.
- sciencesama 3y agoin general they can balloon the r&d and can have a huge tax write off !!
- mike_hearn 3y agoTech companies routinely report nearly their entire engineering division as R&D for tax purposes.