Axiom's History
Axiom was founded in 1996 by professionals from Deloitte, EDS, PWC, KPMG, and Oracle; focused on helping companies innovate improvements to their value chains that were unique to their businesses. The initial proprietary offering was based upon a framework that enabled our clients to understand all the activities in their value chains and how those activities interact. The power of the approach provided our clients with tools to understand their businesses in such a way that they could make predictable, profound, and positive changes to their operations.
Our services, over time, have been developed and refined to improve the intrinsic value of our clients' organizations. Axiom's R&D Tax Credit Services was a natural and important evolution of our services. Prior to 2001 we were aware of the R&D Tax Credit program that favored large corporations, that through their research and development efforts, were able to claim R&D credits. After the Research and Development Tax Program regulations were changed in 2001, we realized that many of our clients qualified for R&D tax credits based on the new requirements for qualifying for such credits. Axiom's business process engineering and financial management expertise evolved to a core competency of being able to provide services to clients that qualify for R&D tax credits.
Much of our work is based on documenting wages and salaries to meet reporting requirements for the credits. To provide further benefit to our client base, Axiom extended its services to include Federal Empowerment and Renewal Community Tax Credit analysis and calculations. The Axiom EZ/RC service helps employers in over 100 areas of the US receive economic benefit of Empowerment Zone incentives.
In developing an effective methodology and knowledge base around domestic R&D tax credits, Axiom’s next step was to expand into International R&D tax credits. Our client base has expanded to the point where many have international operations primarily in Mexico and Canada. Axiom further expanded its service line to include the research, preparation and calculations of International R&D Tax Credits.
Recently, we have added services to the Axiom portfolio. Cost Solutions lowers the costs of non-strategic supplies purchases by as much as 50% annually. Based upon our existing methodologies, Axiom will efficiently and non-obtrusively review spending and provide alternative sources on the same products. |