Success Story: TechTron Robotics

Client Overview

TechTron Robotics designs and implements cutting-edge industrial automation systems and robotic solutions for manufacturers across various sectors. Their focus lies in boosting client productivity, efficiency, and safety through innovative technology integration.

The Challenges Faced

As a leader in a rapidly evolving technological field, TechTron Robotics encountered specific financial challenges common to innovative, project-driven businesses:

• Difficulty identifying and properly documenting qualifying activities for the Research & Development (R&D) tax credit, potentially leaving significant savings unclaimed.
• Complex project-based accounting made it challenging to accurately track profitability for custom automation solutions.
• Needed better financial visibility to support strategic decisions regarding technology investments and market expansion.
• Managing cash flow fluctuations inherent in long-cycle, high-value projects.

Our Solutions Implemented

Schapira CPA partnered with TechTron Robotics to provide specialized financial and tax services tailored to the unique needs of an industrial automation company:

• Conducted a comprehensive R&D Tax Credit study, identifying qualifying expenditures and activities and preparing robust documentation.
• Assisted in implementing improved project accounting methods to track costs and revenue streams more accurately per engagement.
• Developed tailored financial reporting dashboards providing key performance indicators (KPIs) relevant to project margins and R&D investment.
• Provided proactive tax planning beyond R&D credits, incorporating strategies like Section 179 for equipment purchases.
• Advised on cash flow management techniques suitable for project-based revenue cycles.

The Results Achieved

Our collaborative approach delivered tangible financial benefits and operational improvements for TechTron Robotics:

• Successfully identified and claimed over $150,000 in previously overlooked R&D tax credits.
• Improved accuracy of project margin calculations by 18%, leading to better quoting and resource allocation.
• Enhanced financial reporting provided management with clearer insights for strategic planning and investment decisions.
• Streamlined tax preparation process with well-documented R&D claims, reducing audit risk.
• Improved cash flow predictability through better forecasting and project financial tracking.