Source Advisors Expands R&D Tax Credit Practice with Monetek Acquisition
Source Advisors has acquired Monetek, a firm specializing in Research & Development Tax Credits. The expansion enhances the firm's capabilities amid new U.S. legislation promoting innovation.
Source Advisors, a provider of specialized tax consulting services, has acquired Monetek, a Michigan-based firm focused on Research & Development (R&D) Tax Credits.
The acquisition represents a significant step in Source Advisors' ongoing growth and investment in its R&D Tax Credit practice. The addition of the Monetek team broadens the firm's national reach and enhances its industry expertise, particularly within the medical device sector.
The expansion coincides with recent legislative changes in the U.S. aimed at incentivizing innovation. The "One Big Beautiful Bill Act" (OBBBA) has introduced new opportunities for companies investing in research and development, including provisions for immediate expensing of qualifying domestic research expenditures.
"Source Advisors continues to invest in technology and talent in areas where we see the greatest opportunity to create long-term value for our clients," said Tim Whipple, CEO of Source Advisors. "Legislative changes like those under OBBBA reinforce the importance of innovation incentives for U.S. businesses."