Tax incentives play a crucial role in enhancing a company’s financial health and growth. This article focuses on specialized tax incentives available in the U.S. that can significantly reduce tax burdens for businesses. From cost segregation for commercial real estate owners to research and development (R&D) tax credits, property tax mitigation, and hiring incentives, these strategies offer valuable opportunities to optimize tax savings and increase cash flow.
- COST SEGREGATION (U.S.A ONLY)
Cost segregation studies enable commercial real estate owners to reclassify their properties for depreciation purposes, resulting in accelerated depreciation and shorter tax life for certain assets. This reclassification leads to substantial cash flow benefits in the present and future years. These studies are not limited to new buildings or renovations; over 75% of projects focus on older properties, utilizing the “catch up” method for significant results. Many building owners and CPAs are unaware of this powerful tax-saving strategy, making a feasibility report and consultation essential to determine the potential cash flow and net present value (NPV) benefits.
- R&D TAX CREDIT (U.S.A ONLY)
The R&D tax credit program benefits companies engaged in manufacturing activities in the U.S. This program, listed under Section 41 of the IRC (Internal Revenue Code), provides incentives based on a company’s operations and processes. Companies can receive tax refunds from prior years while reducing current taxable income on a dollar-for-dollar basis. This engineered-based program aims to encourage innovation and investment in research and development, boosting the competitiveness of U.S. manufacturers.
- PROPERTY TAX MITIGATION (U.S.A ONLY)
Property taxes are a significant recurring expense for commercial property owners. To ensure fairness and avoid overpayment, businesses can engage specialists experienced in valuation, tax, and law. This team identifies opportunities for property tax refunds or reductions and represents businesses in hearings and paperwork filings. By leveraging their expertise, businesses can achieve substantial savings and enhance their bottom line.
- HIRING INCENTIVES/WOTS (U.S.A ONLY)
Hiring tax incentives are available to businesses that are creating net new jobs, experiencing high turnover, or have seasonal employment swings. These incentives provide tax benefits for hiring new employees, summer youths, new adults, new disabled veterans, and long-term family assistance recipients. Expert guidance can help businesses maximize the incentives available under programs such as the Work Opportunity Tax Credit, Hiring Incentives Restore Employment Act, and the Small Business Jobs Act. These incentives enable businesses to reduce taxable liabilities and foster employment growth.
Specialized tax incentives offer businesses in the U.S. the opportunity to optimize their tax savings and increase cash flow. From cost segregation for commercial real estate owners to R&D tax credits, property tax mitigation, and hiring incentives, these strategies cater to different business needs and industries. By taking advantage of these incentives, businesses can enhance their financial health, invest in innovation, and foster growth in a competitive landscape.
Commercial real estate owners in the U.S. can benefit from cost segregation studies to reclassify assets and accelerate depreciation for tax savings.
Companies engaged in manufacturing activities in the U.S. can qualify for R&D tax credits by showcasing innovative research and development efforts.
Engaging specialists with expertise in valuation, tax, and law can help businesses identify opportunities for property tax refunds or reductions.
Businesses experiencing growth, high turnover, or seasonal employment swings can benefit from hiring incentives to reduce taxable liabilities.
Specialized tax incentives provide businesses with cash flow benefits, reduced tax burdens, and opportunities for innovation and growth.
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Why Choose Us?
We offer expertise from diverse professionals, customized solutions, a contingency-based approach, and seamless implementation to maximize savings and benefits for your business.
With over 20 years of experience, our service specialists are well-versed in delivering effective cost reduction and savings solutions.
We understand that every business is unique, and our services are customized to fit your specific needs and requirements.
There is no need to change your current suppliers to benefit from our services.
Our goal is to help you uncover the highest possible savings and cost recovery opportunities for your business.
How It Works
Our process involves a quick meeting, a savings snapshot, benefit confirmation, and implementation to secure savings gains for your business.
The initial meeting is a quick, no-obligation session where we gather basic information about your company and determine which programs may benefit you.
Our proprietary software analysis systems identify potential savings and outline the projected benefits.
Once you're satisfied with the projected savings, our team performs a comprehensive assessment of your business data.
With all the necessary documents in place, our implementation experts work with your service providers and tax agencies to secure savings gains.