alliantgroup Expands Tax Deduction Service Line for American Made Goods

alliantgroup has announced plans to expand the firm’s Domestic Production Activities Deduction (DPAD) service line.

DPAD, first implemented in 2005, is a federal tax incentive that rewards companies that manufacture and produce their goods in the United States rather than outsourcing overseas. Businesses that engage in domestic manufacturing and production activities receive up to a 9 percent tax deduction on income earned from qualified production activities.

“In a time when there is a heavy emphasis placed on buying and producing American made goods, our firm felt it was important to expand our efforts with respect to DPAD,” said Dhaval Jadav, alliantgroup CEO. “DPAD is an excellent way to reward those companies that have chosen to keep their manufacturing facilities on American shores.”

Although DPAD is generally associated with traditional manufacturers, the deduction includes industries such as architecture, engineering and construction firms, film and video producers, sound recording companies, computer software developers, food and beverage producers and electricity and natural gas producers.

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alliantgroup
alliantgroup’s mission is one of education and awareness—we exist to help industry organizations, businesses and the accounting firms that advise them take full advantage of all federal and state tax credits, incentives and deductions available. These powerful incentive programs are legislated by the government to help businesses grow and remain competitive locally as well as abroad. We are proud to have helped over 16,000 businesses claim more than $8 billion in tax incentives. alliantgroup’s international headquarters is in Houston, Texas, with offices across the country and internationally including New York, Boston, Chicago, Orange County, Sacramento, Indianapolis, Washington, D.C and London and Bristol in the U.K.