HOUSTON, TX (August 11, 2019)—alliantgroup is proud to announce that it is now a member of SOCMA.
As the only U.S.-based trade association solely dedicated to the specialty and fine chemical industry, SOCMA is part of a $300 billion sector that is fueling the U.S. economy. SOCMA’s members play an indispensable role in the global chemical supply chain, providing specialty chemicals to companies in markets ranging from aerospace and electronics to pharmaceuticals and agriculture. As the newest member of SOCMA, alliantgroup is seeking to bring significant value back to the organization’s members by helping them identify and claim valuable tax credit and incentive opportunities.
“We welcome alliantgroup as our newest SOCMA member. Their expertise in understanding the complex tax code and the relevant incentives for new innovative chemistries provides additional value for our association,” said Jennifer Abril, SOCMA President & CEO.
“SOCMA prides itself on its reputation as a convener for the specialties industry, and our growing and diverse knowledge base strengthens our members’ ability to make commercial connections,” said Abril.
As an association representing the specialty and fine chemical manufacturing industry, SOCMA members are excellent candidates for a number of federal and state tax incentives. Among the most robust of these incentives is the Research and Development (R&D) Tax Credit—a federal, dollar-for-dollar tax credit that brings in an estimated $10 billion annually to U.S. businesses.
“It is an honor to join SOCMA and to have the opportunity to support and serve their members,” said alliantgroup CEO Dhaval Jadav. “I am looking forward to introducing SOCMA members to these vital tax credits and incentives that can add substantial value to their balance sheets and the opportunity to expand their operations.”
alliantgroup’s mission is one of education and awareness—we exist to help industry organizations, businesses and the accounting firms that advise them to 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 Austin, Boston, Chicago, Indianapolis, New York, Orange County, Sacramento, Washington, D.C and Bristol and London in the U.K.