The Research & Development (R&D) Tax Credit is a misunderstood area of the federal tax code, and many companies don’t know they qualify for credits. Paradigm Partners, Houston, Texas, announced in June that the tax-consulting firm would offer free feasibility analyses to determine if companies qualify for the credit—and a bigger tax refund. “Because of recent changes in the tax code, many more companies can and do qualify,” says Karim Solanji, senior managing director of Paradigm Partners. Solanji says a brief conference call can help clients determine the basics: Does the company perform qualifying activities? Can the company take the R&D credit? What is a ballpark estimate of the company’s R&D credit?
To arrange a free analysis, e-mail Paradigm Partners at Mlauber@ParadigmLP.com.