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Latest Leyton Group News
Nov 18, 2022
The Advanced Algorithm Perfected Over Two Years, Will Methodically Find Companies Left in the Dark Global consultancy Leyton announced the launch of a new AI-powered algorithm that identifies thousands of businesses that may be eligible for the Research and Development (R&D) Tax Credit and not even know it. “Our goal is to help companies become aware and take advantage of these underutilized incentives.” The R&D Tax Credit is a federal benefit providing businesses with cash savings for qualifying activities relating to product development and improvement. Annually, billions of dollars allocated to R&D-related tax credits are left unclaimed. The algorithm behind Leyton’s new system gives a probability of qualification across a broad number of sectors and industries, and a consultation to potential qualifying companies is complimentary. “Our new AI-powered algorithm has allowed us to identify 250,000 companies who have a high probability of qualifying for R&D Tax Credits,” said Olivier Rousselle , COO of Leyton Group. “Our goal is to help companies become aware and take advantage of these underutilized incentives.” Leyton’s algorithm, for which a patent is currently pending, works through various techniques, including machine learning, to flag businesses that have the potential of utilizing R&D tax credits. Using a sophisticated scoring model, any business deemed noteworthy is flagged to Leyton to offer assistance in leveraging the tax benefit. What once was a process that could take potentially months of research, can now be accomplished in days. This allows for businesses to re-invest this new found capital into initiatives such as hiring new employees and funding projects that support their growth. The credit dates back to 1981, when it first became available to taxpayers on a temporary basis. In 2015, when the PATH Act was put in place, the R&D credit became permanent and with it, revised qualifications that greatly expanded the eligibility for businesses to qualify. Many businesses are unaware that their daily operations could qualify for a dollar-for-dollar tax credit, irrespective of industry or company size. Additionally, most states offer an R&D credit that can supplement the federal R&D credit, and qualifying businesses can claim both.
Leyton Group Frequently Asked Questions (FAQ)
Where is Leyton Group's headquarters?
Leyton Group's headquarters is located at Swinborne Road, Essex.
What is Leyton Group's latest funding round?
Leyton Group's latest funding round is Private Equity.
How much did Leyton Group raise?
Leyton Group raised a total of $1.62M.
Who are the investors of Leyton Group?
Investors of Leyton Group include Nucleus Commercial Finance.
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