Source Advisors acquires R&D tax credit specialist Intrepid Advisors

11 December 2020 2 min. read
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Source Advisors, a Fort Worth, Texas-based tax consultancy specializing in research and development tax credits, has acquired Intrepid Advisors, a boutique firm with the same specialization.

Founded in 1986 and based in Marlborough, Massachusetts, Intrepid Advisors provides consulting services relating to federal and state R&D credits. The firm’s team of more than 20 engineers, scientists, and tax accountants work to maximize tax incentives for manufacturing and technology companies. In addition to working directly with companies, the firm also partners with US CPA firms to provide R&D tax credit studies for their clients.

In addition to its Marlborough headquarters, Intrepid has a satellite office in Parsippany, New Jersey.

Source Advisors’ acquisition of Intrepid will bolster its core capability in R&D tax credit consulting.

Source Advisors acquires R&D tax credit specialist Intrepid Advisors

"Intrepid Advisors' outstanding reputation in the industry aligns with our core values of trust, integrity, and client service that have driven our success," said Chris Henderson, president of Source Advisors. "We are excited to further solidify our national presence and technical leadership with this acquisition."

The Fort Worth-based company’s team of more than 100 professionals work nationwide with accounting firms, associations, and Fortune 1000s – delivering advice on R&D tax credits, cost segregation, LIFO inventory solutions, and energy efficiency. The firm also provides R&D tax credit advisory for organizations in the UK.

As experts in the regulations governing these incentives, Source helps companies maximize credits, deductions, and incentives – saving money, creating cash flow, and driving overall growth.

"Joining the Source Advisors powerhouse of experienced CPAs, attorneys, engineers, and technology experts allows us to offer a broader portfolio of value creating tax incentives to further benefit our clients and CPA firm partners," said Stephen Powers, president of Intrepid Advisors.