For small and medium-sized organizations, Trinet is a top provider of all-inclusive human resources solutions (SMBs)
Clarus R+D Solutions
Clarus R+D Solutions, an industry-leading, service- and expertise-driven fintech solutions provider that streamlines the R&D tax credit application process for SMBs, has announced that it has been purchased by TriNet (NYSE:TNET).
TriNet takes a crucial step further in assisting small and medium-sized businesses in succeeding.” According to Burton M. Goldfield, President and CEO of TriNet, the acquisition of Clarus R+D Solutions.
One of the most significant tax breaks accessible to US firms is the research and development tax credit, which Clarus R+D Solutions assists SMBs in utilizing. Together with the extensive knowledge of its professional services team, Clarus R+D’s cutting-edge, cloud-based software platform provides access, compliance, and clarity for federal and state R&D tax credits.
To guarantee that the final incentives are tailored to each client, a large portion of the R&D credit qualification and application procedures have been automated using the Clarus R+D Solutions platform. The automated calculating method helps businesses maximize their R&D tax credit while saving them important time.
The company thinks TriNet and the Clarus R+D team are a wonderful fit. Samantha Wellington, the Executive Vice President, Secretary, Chief Legal Officer, and Business Affairs for TriNet, commented, “We look forward to using TriNet’s size to speed the development of our product roadmap in support of our partners and customers.” TriNet received assistance from Freshfields Bruckhaus Deringer US LLP, and Clarus R+D was represented by Ice Miller LLP as legal advice in the transaction.
J.P. Morgan Cut Its Rating
The human resources and payroll company’s rating was lowered to Underweight by J.P. Morgan analyst Tien-tsin Huang. He noted in a note to clients that the firm has underperformed worksite employee volume growth, is over-indexed in the technology sector, which may see medium-term headwinds, and health care utilization should continue stabilizing, reducing TNET’s margin for error.
TriNet offers small and medium-sized enterprises (SMBs) complete HR solutions that are specialized by sector. TriNet provides access to human capital expertise, benefits, risk mitigation and compliance, and payroll, all made possible by market-leading technological capabilities, to relieve SMBs from the hassles of HR.
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