R&D Tax Credits for Cosmetic Companies

Cosmetic Companies

Makeup palletThe cosmetic industry is one of the largest industries in the world, with a rapidly growing repertoire of beauty products and processes, and a registered annual revenue of over $54 Million. Each year, the cosmetic industry becomes more innovative and creative with their development processes in order to keep up with competitors, and the growing demands of the  industry. R&D tax credits can be used to cover a variety of costs including employee wages, supplies, testing, and costs associated with developing a patent.

Qualifying research activities include

  • Organic and bio-based cosmetics
  • Nanotechnology advancements in cosmetics
  • Biotechnology innovations
  • Anti-aging formulas
  • Men’s grooming
  • Innovative packaging in cosmetics

With the constantly evolving needs and standards of the health and beauty industry, more and more companies are qualifying for R&D credits through their research and development processes.

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We will work with your company to assess if you’re performing qualifying research activities. 
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