Small and medium-sized companies are a significant part of the United States economy, creating two-thirds of net new jobs and driving innovation and competitiveness. Growing a business eventually requires developing new products, technologies, systems, and sometimes even industries. This growth is vital to the success of your business. Challenges in 2020 such as attracting new business, cybersecurity, and now COVID-19’s impact on the economy are posing significant risks to small and medium-sized businesses.
Small businesses often face obstacles that their larger enterprise cousins don’t and must overcome barriers with fewer resources. The United States R&D tax credit is an extremely influential incentive, recently expanding to become even more influential for startups and small businesses. Despite the benefit, the incentive is still being overlooked by over 90% of eligible corporations in the United States.
When advising your clients on how to navigate challenges this year and for years to come, it’s important to stay up to date on the changes to legislation and tax code that offer financial opportunity. In the following webinar we’ll address:
Thomas Folsom is the Managing Director and Country Manager of Ayming USA. For over fifteen years, Mr. Folsom has managed and implemented hundreds of R&D Tax Credit studies, including state and federal audits, to offer clients an unrivaled knowledge in the application of R&D law.
From boutique consultancies to large accounting firms, Mr. Folsom has worked with and represented Fortune 500 companies and small-medium-sized businesses across various industries.
In addition to these duties, Thomas is licensed to practice law in several states and federal jurisdictions, including the United States Tax Court. He was a core member of the team that developed the strategy and won U.S. v. McFerrin and other central cases that would influence an update of code and regulation to expand qualifications for the credit that we still see today.
He joined Ayming USA in March of 2019 and leads a countrywide team of professionals based in Houston, Boston, Ohio, New York, and LA.
Prominent Litigation Matters and Events
Thomas has been a part of: