WAYNE, Pa.--(BUSINESS WIRE)--Global Tax Management (GTM), the largest firm in the Mid-Atlantic region to focus exclusively on delivering corporate tax services, announced today that it has named industry leader Jonathan Forman to lead the firm’s new Research and Development (R&D) Tax Credit Services Practice. As Managing Director, R&D Tax Credit Services, Jonathan is responsible for delivering services that help companies of all sizes leverage an immediate – and often hidden – source of cash. By taking advantage of available federal, state, and international tax credit, deductions, and incentives, companies reduce their tax liability, promote growth, and strengthen their presence in domestic and international locations.
“Securing a favorable tax position is an important consideration for companies as they select sites for product development, research and exploration, process enhancement, and technology innovation,” said Dave Laurinaitis, CEO and Executive Director of GTM. “Over the past few years, we have uncovered many opportunities for our clients to take advantage of R&D and other tax savings opportunities. Now is the right time for us to formalize the practice. Jonathan’s strong technical expertise, credentials, and established history of practice leadership make him the ideal person to expand the capabilities we bring to our clients in this area.”
GTM’s R&D Tax Credit Services Practice focuses on R&D tax credits, incentives, and deductions at the federal, state, and international levels. Utilizing innovative methodology and software tools to deliver customized solutions that maximize project efficiency and savings, GTM creates streamlined processes that can be leveraged now and in future years to maximize R&D. GTM’s model is especially attractive to large companies already claiming R&D credits where significant return on investment is likely.
The R&D tax credit is a dollar-for-dollar reduction of income tax liability based on qualified research expenditures exceeding a base amount. Recent regulatory changes now make it more favorable than ever for corporate taxpayers to claim R&D tax credits at both the federal and state levels. Industries from manufacturing to software development to life sciences and others stand to claim substantial savings.
Jonathan has been involved with R&D for more than 20 years in both technical and taxation capacities, bringing a scientific, IT, and business background to GTM’s R&D Tax Credit Services practice. He joins GTM from BDO USA, LLP, where he held several leadership roles including his most recent roles as Stamford Office Managing Principal and Global R&D Center of Excellence Leader. Jonathan also spent several years with Big 4 firms including Deloitte and PwC.
Learn more about GTM’s R&D Tax Credit Services here.
About Global Tax Management, Inc.
Global Tax Management (GTM) is a corporate tax services firm dedicated to helping mid-size and large multinational corporations address complex tax operations. GTM takes operational tax burdens off tax and finance leaders, providing high-level tax expertise at value driven rates without any independence issues. For over 25 years, GTM has provided the expertise to build, operate, and manage tax functions for its clients. Core services include tax provision, compliance, international tax, indirect tax, technology automation, and tax consulting and planning services. GTM is a 100% employee-owned company (ESOP) and is distinguished as a best workplace, healthiest employer, and top accounting firm. The firm is a U.S. partner in the WTS Global international tax network. For more information, visit www.gtmtax.com.