Success Stories

State Case Study 2

The Client:
-Corporation with less than 30 employees
- A high technology company that does software development
- Has been in a loss situation since their inception five years ago and has never reviewed their eligibility for the Research and Development (R&D) credit.

The Results:
$618,000 in credits over five prior years, claimed by filing amended returns and computing retroactively their R&D credit.

This client is a small corporation with less than 30 employees.  While a company this size and in a loss situation would generally not be able to utilize tax credits, New Jersey allows technology companies to sell their losses and R&D credits for, in some cases, up to 92% of their value.  This allows these companies to garner much needed cash and also allows profitable corporations to buy these credits in order to reduce their tax liabilities at a discount.

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