FOR IMMEDIATE RELEASE:
December 18, 2019
ACTION Innovation Network Contact:
Joan Popolo
Executive Director
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ACTION Innovation Network Welcomes Leyton as a Network Partner
Fall River, Mass (December 18, 2019) — ACTION Innovation Network (ACTION) has announced that Leyton, a leading R&D Tax Credit advisory firm, has sponsored ACTION as a Network Partner.
Leyton brings expertise in the optimization of Federal and State Research and Development (R&D) Tax Credits. With over 20 years of global experience, Leyton has assembled a highly qualified team of tax professionals and technical consultants experienced in creating savings in diverse industry sectors, including life sciences, engineering, manufacturing, software, food and beverage and many more.
ACTION’s member incubators support early stage companies developing technologies in the life science, cleantech, robotics, advanced materials and marine/maritime sectors. In addition, ACTION organizes programs for international startup companies seeking to expand their markets in the US. Most of these companies are in the R&D, product validation and early commercialization stage. Operating in 11 countries globally, Leyton thoroughly understands the markets in which they operate worldwide, and can offer custom solutions for cost savings for early stage companies by identifying any government funding initiatives available to them.
“We believe our ability to work with startups in ACTION’s network to secure the R&D Tax Credit will provide great value in the form of decreased payroll and income tax liability as well as a secure, comprehensive tax strategy impressive to investors.”
– Taylor Kotas, Sr. R&D Credit Consultant
The ACTION-Leyton partnership provides access to advisory services for incubators’ startup companies. Leyton will be introduced to the network through webinars, meetings with incubator management, opportunities for office hours, and other in-person networking events. “We welcome Leyton as a sponsor” said Joan Popolo, Executive Director at ACTION Innovation Network. “With early R&D and commercialization assistance as areas of focus, we look for sponsors that will add tangible value to our incubators and to their member companies, and Leyton clearly meets that goal. We look forward to beginning this relationship and are eager to find additional ways to work together to provide added value for our incubator members going forward”.
About ACTION Innovation Network
ACTION Innovation Network is a collaborative network of technology business incubators and other entrepreneur support organizations. Together they promote the growth and success of the entrepreneurial ecosystem, share resources and best practices, strengthen technology clusters, and contribute to economic improvement. The network of incubators provides diverse resources and a highly- supportive hub in which entrepreneurs, business leaders, government agencies, community leaders, investors, universities, and other interested organizations can collaborate toward the successful commercialization of technology enterprises that will build a prosperous economy, improve quality of life and sustain the health of our environment. www.actionnewengland.org.
About Leyton
Leyton has over 22 years of experience in R&D Tax Credits, operating across 11 countries including the United States, United Kingdom, France, Italy, Spain and Canada. The R&D Tax Credit is a state and federal incentive that seeks to reward innovation by allowing companies to recapture a percentage of their R&D investment to reduce tax liability. In 2015, the PATH Act created a subset of the R&D Credit that allows US startups to utilize their R&D credit to reduce payroll tax liability. Payroll is one of the first expenses younger companies often incur so this tax credit allows them to increase cash flow, even prior to generating taxable income or becoming profitable. Through a collaborative process designed with startups and small businesses in mind, Leyton facilitates the R&D credit for these innovative young companies to achieve improved financial security. www.leyton.com.