| What Some People Are Saying About Us |
"I wanted to take a minute to reach out to you to thank you for the hard work you put into our account. You have walked us through this process in a very professional manner and your performance went above-and-beyond what any of us expected; especially considering how busy we've been, and as a consequence, how little support we gave you. Thanks for your help and for making this happen for us!"
Stuart Miller
Sun Manufacturing Co.
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 About Us
Paradigm Partners is an international consulting firm specializing in complex federal and state tax and funding incentives, for both public and private entities, across a host of industries. Paradigm Partners has distinguished itself among its peers by adopting a low cost, high return service model that employs a tailored two-phase approach; the Company's business development and professional teams work hand in hand to provide accurate analyses, establish effective client dialogues, and guarantee rapid turnaround times.
Paradigm's staff is comprised of a highly selective pool of intellectual property and tax attorneys, engineers, PhDs, and CPAs. Company personnel utilize not only years of industry expertise, but their numerous academic achievements from distinguished institutions across the globe.
The Company's core consulting portfolio includes Global R&D Tax Credits Analyses, Hiring and Location- Based Incentives, Unemployment Claims Management, IC-DISC, Domestic Production Deduction, Grant and Non-dilutive Funding Advisory, Cost Segregation Studies, Tax Controversy, Patent and Audit Defense Services.
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The R&D Tax Credit: A Worthy Investment
by
Saqib Dhanani, Attorney at Law and Lyndsie Lowry, Attorney at Law
The question we hear most often from new and prospective clients is "will this credit really be worth my time?" There is a common misconception that the benefit of the Credit for Increasing Research Activities (I.R.C. §41, "the R&D credit") may be outweighed by the amount of work associated with completing an R&D study. While it is true that some R&D studies may be more labor intensive than others, the benefit of the R&D credit is far greater than the time and effort required to complete a study when you have the experience of a consultant familiar with the nuances of the R&D credit. The R&D credit was created with the intent of rewarding companies who take a risk trying something new. By building in two very important features, the value of the credit to companies in the United States has been made invaluable. First, the R&D credit is a dollar-for-dollar reduction of your taxable liability. The second feature is a generous carry provision that allows the credit to be used in years other than the year it was generated. Tax benefits can be either deductions or credits. Deductions are subtracted from your taxable income, which in turn is the number used to calculate your taxable liability. Therefore, for every dollar of deduction, taxable liability is only reduced by a fraction of that dollar. Unlike deductions, credits are subtracted from the calculated taxable liability amount. This means that you calculate the amount you owe in taxes and then subtract the credit amount. Every dollar in R&D credit you claim is a dollar less in taxes you would pay. Practically speaking, this could mean you pay the bare minimum in taxes.
Contact Karim Solanji at 281-558-7100 or KSolanji@ParadigmLP.com to learn more about an R&D Tax Credit study. |
In Proposed Small-Business Rules, Big Seems to Be the New Small
Recently Robb Mandelbaum wrote an article for the NY Times detailing some major potential changes to the Small Business Innovation Research (SBIR) program, titled "In Proposed Small-Business Rules, Big Seems to Be the New Small." Essentially, the good news is the SBIR program has been reauthorized by Congress, which will bring stability to the program for five years. The potentially bad news (for small businesses that are currently eligible for SBIRs) is eligibility changes proposed by the Small Business Association (SBA) could make foreign companies and big businesses eligible.
The SBA official responsible for drafting the new rules has noted that these are proposed changes, and that the SBA will consider feedback from interested parties. While there will be more than one iteration of these new rules, the SBA is required to issue final regulations by the end of the year.
Click Here to Read the Article
Contact Karim Solanji at 281-558-7100 or at KSolanji@ParadigmLP.com to learn how Paradigm Partners can help secure SBIR and other grants for your organization.
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