Job Shop Manufacturing Software

We would like to pass on some interesting tax refund information to our US and Canadian customers…

Recently, a representative visited us at ProfitFab from Paradigm Partners and what we learned should interest most of our ProfitFab customers. There is a good chance that your company qualifies for a Research and Development tax refund.

Most CPAs either don’t know about the R&D refund or prefer not to bother with the preparations.Paradigm’s engineers and attorneys can help you take advantage of this hidden tax benefit. Many knowledgeable CPAs across the nation recommend Paradigm to their clients to help them obtain substantial cash back and tax savings through niche tax programs such as R&D Tax Credit.

A representative from Paradigm Partners works with you and your CPA to make sure proper preparations are made to help you get the tax refund you are entitled to receiving every year. One of our job shop manufacturing customers actually introduced us to Paradigm Partners when they received their R&D tax refund of over $30,000.00. We have started the process ourselves and as a software development company we are expecting a substantial R&D tax return.It’s been a fairly easy process so far; our representative is kind and very knowledgeable. Several more of our US customers have been taking advantage of this tax credit after we contacted them. We recently found out that the R&D tax credit is also available in Canada and credits are better for Canadian manufacturers than it is for the US.

Qualified R&D Activities

Manufacturing or fabricating products;
Engineering activities;
Developing new or improving existing products, processes, formulas, techniques, software or inventions;
Developing prototypes;
Developing, implementing or upgrading systems and/or software;
Designing tools, layouts and schematics;
Developing innovative inventions;
Quality assurance testing;
Automating and/or streamlining internal processes;
Conducting testing of new concepts and technology;
Testing raw materials to develop prototypes;
Development of new technology;
Designing or developing innovative techniques and products; and
Performing environmental and geotechnical testing.

Visit Paradigm Partners' website and try their online R&D Tax Calculator. Trying out the tax calculator does not lock you in to the program, but you will need to estimate the following items:

* Gross Revenue Sales for years 2003 to 2006
* Total Payroll (Total of all W2s paid to owner, officers and employees and 1099s paid to US contractors) for years 2003 to 2006

If you don't mind, please name ProfitFab as your referral.

Please contact us if you would like more information.