Pictured: California’s Lt. Gov. Eleni Kounalakis presents the 2023 "Coolest Thing Made in California" award to Tesla on October 6, 2023. Contest starts July 29, 2024 Sacramento, Calif. – The California Manufacturers & Technology Association (CMTA) is thrilled to...
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.
Manufacturing Minute: Boeing is Building Autonomous Undersea Vehicles for the U.S. Navy in California
This week's Manufacturing Minute highlights impressive developments happening in California from two of CMTA's Board Member companies. Manufacturing Minute is released bi-weekly by the California Manufacturers & Technology Association and is powered by Tri Tool...
Manufacturing Minute: Union Pacific’s Big Boy Steam Locomotive Coming to California
This week's Manufacturing Minute brings exciting developments across the manufacturing sector in California from our CMTA members. Manufacturing Minute is powered by Tri Tool Technologies. https://youtu.be/FIaKfyv4oSM Watch the latest episode in the video player...
Manufacturing Minute: Boeing Subsidiary Leads Development of Space Defense Satellites
This week's Manufacturing Minute highlights groundbreaking advancements from our CMTA members, showcasing their commitment to innovation. Manufacturing Minute is powered by Tri Tool Technologies. https://www.youtube.com/watch?v=6Ehc8RuqQ1A Watch the latest episode in...
CMTA Government Relations Update: A Recently Expired California Incentive Program May be Reestablished
This month’s Government Relations Update video highlights crucial legislative developments for California’s manufacturing sector. https://www.youtube.com/watch?v=OOD_nmxABJo The California Legislative Summer Recess is approaching on July 3, 2024. This date marks the...
Organic Fertilizer Company, Glogens, Joins CMTA
Sacramento, Calif. – The California Manufacturers & Technology Association (CMTA) welcomed Glogens, a fertilizer and plant nutrient company, to the organization today. The Sacramento organic fertilizer company utilizes natural coal and amino acids to enhance...
Sustainable House Manufacturer, ReMo Homes, Joins CMTA
Sacramento, Calif. – The California Manufacturers & Technology Association (CMTA) officially welcomed ReMo Homes, a pioneering modular manufacturing company, to the organization today. ReMo Homes is working towards providing zero-carbon, cost-effective modular and...
Manufacturing Minute: Tandem PV Awarded $4.7 Million to Advance New Solar Technology
In this week's Manufacturing Minute, we highlight three significant developments in the manufacturing sector. Manufacturing Minute is powered by Tri Tool Technologies. https://youtu.be/FbUPSHYhM0g U.S. Department of Energy Awards CMTA Member, Tandem PV, with New...
Navigating a New Era of Manufacturing: Harnessing AI in the Industry
Webinar presented by Hitachi Digital Services and Dr. Chetan Gupta, head of AI research at Hitachi Sacramento, Calif. – The California Manufacturers & Technology Association (CMTA) hosted an exclusive webinar on the evolving landscape of the manufacturing...
California Aerospace Day Celebrates Achievements of the Golden State’s Aerospace Industry
The event co-hosted by Boeing, Lockheed Martin & Amazon Project Kuiper, showcases significance of aerospace industry and its impact on California’s economy and beyond. https://youtu.be/004LflPp2Fo?feature=shared Sacramento, Calif. – In partnership with Boeing,...
Press Release
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 tinatravierso@imsm.com.
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
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About CMTA:
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.
About IMSM:
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.