Credits & Incentives

Make More Possible

Federal, state, and local governments constantly seek ways to stimulate economic development and investment. One of the levers they manipulate most frequently is tax credits and other incentives designed to foster innovative research and development, keep businesses in certain jurisdictions, or give them a reason to move to those jurisdictions.

Businesses that leverage these incentives wisely can save significant amounts, taking money that might otherwise have gone to the IRS or a state or local department of revenue and reinvesting it in their business instead. In many cases, even if you discover that you qualify for certain credits and incentives after the fact, you can go back over a period of years and amend tax returns to take advantage of them retroactively.

We can help your business apply and qualify for the credits and incentives to which it’s entitled. We routinely discover opportunities to save our clients money on their federal, state, and local taxes and turn what would have been tax expenditures into positive cash flow to help grow their business.

Our dedicated team works with businesses in a wide range of industries. We can help you not only qualify for an array of incentives but also document your qualifications and defend them in the event they’re challenged by a taxing authority.

We provide solutions in a number of areas, including:

Insights


Alert
In April 2019, The US Tax Court emphasized the importance of documentation for R&D credits, reversing credits granted to Siemer Milling Company.

Article
IRS guidance on the Employer Paid Family and Medical Leave Credit IRC 45S could affect employer’s policies, qualified wages, and credit reporting.

Article
Proposed IRS guidance can help provide benefits for taxpayers invested in qualified opportunity zones. However, further guidance is expected in early 2019.

Webcast
For businesses and international taxpayers, the IRS’s new ASC 730 Safe Harbor Directive presents an opportunity to reduce risk when applying for R&D credit—and increase the amount of credit received. Join us for a webcast addressing the IRS’s new directive.

Article
Taxpayers might be able to reduce the burden and risk associated with applying for R&D credit—and potentially receive a higher credit amount.

Article
Businesses may be eligible to seize permanent tax savings before new tax reform rates take effect.

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