Sacramento, Calif. – Tri Tool, a leading provider of precision portable machine tools and custom engineering services, is proud to announce its sponsorship of the California Manufacturers & Technology Association's (CMTA) "Manufacturing Minute" for the year 2024....
News & Insights
We’re changing the narrative of the manufacturing industry one story at a time. CMTA’s award-winning storytelling team showcases California’s 30,000 manufacturers by uplifting the voices of our makers. Find industry news and the stories from those “Making California” below.
Find out California’s latest manufacturing news in the newest Manufacturing Minute episode with CMTA’s Vice President of Communications, Ananda Rochita. Manufacturing Minute is powered by Tri Tool Technologies. ⚙️ Wisk is on its way to get its eVTOL Certification💫 ...
A tech industry giant just announced its brand-new semiconductor facility in the Sacramento region. Find out California’s latest manufacturing news in the newest Manufacturing Minute episode with CMTA’s Vice President of Communications, Ananda Rochita. Manufacturing...
Ready to learn more about what is happening in California’s legislature? Check out our brand-new Government Relations Update video with CMTA’s Vice President of Communications, Ananda Rochita. 📝 Learn About California’s 2024 Intro Bills 💰 Find out what is Going to...
Innovation in California is at an all-time high! Find out California’s latest manufacturing news in the newest Manufacturing Minute episode with CMTA’s Vice President of Communications, Ananda Rochita. Manufacturing Minute is powered by Tri Tool Technologies. ⚙️...
Sacramento, Calif. – The California Manufacturers & Technology Association (CMTA) is pleased to announce several inspiring keynote speakers to its 3rd Annual Women MakingCA Conference during this year's Women's History Month. Union Pacific's first female...
Sacramento, Calif. (SacTown Talks) – "Today, we welcome back to the program Lance Hastings, President and CEO of the California Manufacturers & Technology Association. We discuss artificial intelligence, the future of technology, California manufacturing, and...
Sacramento, Calif. – California's Governor Gavin Newsom announced Wednesday the state is facing a projected budget deficit of $37.86 billion. Here's what that means for the Golden State's manufacturers. Read the full budget summary for 2024-25 here. ### About CMTA The...
It’s the first manufacturing minute of 2024! Find out what is happening this new year at CMTA in your Manufacturing Minute Powered By Tri Tool Technologies with CMTA’s Vice President of Communications, Ananda Rochita. ⚙️ How a Fremont high-tech battery manufacturing...
Take a look at how MUN CPAs is aiding CMTA member QMP Inc. in Valencia, CA. MUN CPAs is a trusted advisor helping manufacturers stay competitive in California. Hear from Neil Beeman with MUN CPAs on how they are helping QMP with its Employment Retention Credit (ERC)....
ISO Certifications Leading to $250k in Tax Credits
Did you know that improving manufacturing processes can qualify for the Research and Development Tax Credit?
IMSM, leading ISO specialists, has partnered with Strike Tax Advisory, a firm that enables all businesses to take advantage of the R&D tax credit with no out-of-pocket costs to ensure manufacturers realize both the obvious and not-so-obvious benefits of continuous improvement. A webinar detailing how manufacturers qualify, what expenses qualify, and walking through a case study of a manufacturing client will be hosted on January 24, 2024, at 11 am PST. Join the webinar here.
The manufacturing industry is one of the most qualified industries for the R&D tax credit. Manufacturing organizations that do process/product improvement or development are arguably the most qualified types of entities for this tax credit. Examples of qualifying activities include:
- Designing and developing alternative processes
- Processes to enhance throughput
- Prototype development and testing
- Evaluating new materials to impart improved functionality or performance
- Creating novel equipment
- Developing environmentally friendly products/processes
- Developing new products
- Implementing lean manufacturing processes
- Computer-aided design (CAD) and 3D modeling
The R&D tax credit is a permanent U.S. federal and state tax credit used to encourage U.S. businesses to keep highly technical jobs within the U.S. and promote further innovation. The R&D tax credit provides dollar-for-dollar tax savings to businesses of any size, these credits are used to offset income tax liabilities OR quarterly payroll tax if not yet in a profitable position.
The average amount of total expenses that qualify in the manufacturing industry is 28%! Don’t believe this? Use this R&D calculator to get a rough idea of what your business can qualify for going back to 2020. The tax credit is eligible to all manufacturing organizations, ISO is not a requirement. However if your organization is ISO 17025 Lab Competency, ISO 170202 Conformity Assessment, ISO 13485 Medical Device, ISO 9001 Quality Management certified, you hold a high probability of qualifying.
So, why pay the IRS when the IRS can pay you? Let an IRS-qualified tax credit expert explore the possibility of YOUR business tax credit by scheduling an appointment. Call Tina Travierso at (858) 761-7738 or email for an appointment at firstname.lastname@example.org.
International Management Systems Marketing (IMSM) is the leading ISO specialist with a goal to deliver world-class ISO consultations for organizations of all sizes, from all sectors, all over the world. IMSM is known as, a turnkey fail-safe consulting organization that supports a lean environment by drafting 75% of the operational manual and guaranteeing a pass on your International Standardized Operations (ISO) Certificate., Benefits of the various ISO include less returned merchandise, fewer defective products, lower workers and medical health insurance premiums, reduced OSHA fines, proof of corporate sustainability, and more RFP’s are won with ISO Certification as a result
The California Manufacturers & Technology Association has advocated for pro-growth laws and regulations before the California legislature and administrative agencies since 1918. The total output from manufacturing in California is $300 billion per year, roughly 10 percent of the total economic output of the state. Manufacturers employ 1.3 million Californians, paying wages more than $25,000 higher than other non-farm employers in the state. For more information, visit the CMTA website.
IMSM (International Management Systems Marketing) are leading ISO specialists. We deliver high-quality ISO consultancy services and standards to organizations of all sizes, from all sectors, all over the world. As an organization, we work towards a common goal: to consistently deliver to our clients world-class ISO consultation, reinforced by adherence to our IMSM Mission, Vision, and Values. For more information, visit IMSM’s website.