R&D + DPAD = $$

ThreeFive Saves Company Over $100,000

We recently engaged with a Minnesota based plastic extrusion manufacturer that qualified for a Domestic Production Deduction.  After our analysis, we determined they could take an annual deduction of more than $30,000 that was applied to the open years of 2011, 2012, 2013 and 2014.  The $120,000 of additional deductions saved the company almost $40,000 in taxes.

On top of this, they qualified for both State and Federal R&D Tax Credits that otherwise didn’t qualify due to a lack of permanent records dating back to before the current ownership acquired the company.  Our expertise allowed us to extrapolate the missing information, thereby allowing the company to apply for the State and Federal credits.  The result provided over $150,000 in tax credits, some of which were refundable immediately.

The total savings for the company was over six-figures after fees and expenses.

“We referred one of our clients who was having difficulty with their current R&D Credit service provider. ThreeFive stepped in and did a great job by providing the right advice for both R&D and DPAD with a quick turn-around. The end result of us working together led to over six-figures in savings for our client.”
 - Managing Principal of Referring CPA Firm