Source Advisors Acquires Monetek to Expand R&D Tax Credit Practice
Source Advisors has expanded its Research & Development (R&D) tax credit practice by acquiring Michigan-based consulting firm Monetek. The acquisition is part of Source Advisors' ongoing investment in the sector, driven by recent legislative changes under the One Big Beautiful Bill Act (OBBBA), which have enhanced incentives for U.S.-based R&D activities. Monetek brings over two decades of experience and a strong focus on industries such as medical devices. The integration is expected to strengthen Source Advisors' national reach and technical expertise in serving innovation-driven sectors like manufacturing, technology, life sciences, and engineering. Monetek's leadership expressed confidence that joining forces with Source will allow them to better serve clients through expanded resources. Source Advisors aims to capitalize on the evolving tax landscape by growing its R&D practice further. The firm has over 40 years of experience in specialized tax consulting and serves a wide range of industries, including Fortune 1000 companies.