According to Karim Solanji, J.D., Senior Managing Director of Paradigm Partners, “most companies believe they do not qualify to take this credit but because of recent changes in the tax code, many more companies can and do qualify”.
The R&D Tax Credit allows qualifying companies to go back three tax years and capture the missed credits resulting in a check back from the IRS for those credits plus interest! That’s why the refund can be substantial;
The feasibility analysis uncovers the types of activities going on at a company on a daily basis and some basic financial information. The resulting analysis determines the level of qualifying activities, a gross estimate of the R&D Tax Credit and, most importantly, if it is in the best interest of the company to actually complete an R&D Tax Credit Study.
Mr. Solanji further explains that “A short 15 minute conference call answers the three basic questions relevant to the R&D Tax Credit:
1) Does the company perform qualifying activities?
2) Can the company utilize the credits?
3) What is the estimate of the R&D Tax Credits for the company?”
The cash back from the IRS can be used to invest in your company, one option being the purchase of equipment taking advantage of the Economic Stimulus Act of 2008.
To arrange a free feasibility analysis for your company, contact Mark Lauber, VP of Marketing, at 281-558-7100 X-105 or Email: MLauber@ParadigmLP.com.
Paradigm Partners LP is located at 14825 St. Mary’s Lane, Suite 102,, Houston, TX 77079. Our website is www.ParadigmLP.com.
