Technical Tax Incentives

Our Experts Help Navigate the Complicated Federal and State Tax Landscape

Various incentives are available to businesses for conducting activities related to product and process improvements, new developments, research, and more. These activities support economic growth and innovation and qualify a business for significant tax savings. Our staff of engineers and tax attorneys specializes in this niche part of the tax code and has decades of experience with IRS procedures and expectations.

SOLUTION

Research & Development (R&D)

The Research & Development (R&D) Tax Credit was signed into law by Congress as part of the Economic Recovery Tax Act of 1981 to encourage American industry to invest in research and development activities. The PATH Act of 2015 made the tax credit a permanent part of the IRS code and allows almost any manufacturing or technology company to take advantage of the credit.

SOLUTION

Startup R&D

The purpose of the Research & Development Tax Credit is to stimulate R&D activities among businesses through tax incentives. The PATH Act of 2015 opened up the credit to small businesses and startups and made it a permanent part of the IRS code. Startups can use the R&D credit to offset FICA payroll taxes.

SOLUTION

IC-DISC

The Interest Charge - Domestic International Sales Corporation (IC-DISC) is the last remaining export incentive available to U.S. exporters. IC-DISC is only viable and valuable to the shareholders if the following criteria apply: minimum annual gross export revenues of $2,000,000 (direct or indirectly) and significant tax liability on current or projected revenues.

SOLUTION

Cost Segregation

Our engineers analyze the components of a commercial property to identify and separate personal property from real property. The reclassification to personal property assets results in shorter depreciation lives for those assets, tax benefits of accelerated depreciation, and reduced tax liabilities.

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