R&D TAX CREDIT & DOMESTIC PRODUCTION ACTIVITIES DEDUCTION (DPAD)

NorAsia Consulting & Advisory has specialized in providing specialty tax incentives and tax credits, such as the Research and Development (R&D) Tax Credit and Domestic Production Activities Deduction (DPAD), to clients across the United States of America and Canada. The R&D Tax Credit is a unique tax credit that provides a dollar for dollar offset for state and federal income taxes. DPAD, on the other hand, is a special tax deduction that is available to those with manufacturing and production activities (e.g. Construction, Engineering, Agriculture) within the United States. Overall, the DPAD could benefit a company up to 9% of its QPAI (qualified productive activities income) or taxable income.

A company is able to do a 3-year look-back review for Federal taxes and 2 to 4-year look-back for state taxes with both the R&D credit and DPAD.  

• With the help of NorAsia Consulting & Advisory, both of these tax incentive opportunities can be found to help benefit a company.