Is your business taking advantage of specialty tax programs that could help you save potentially tens of thousands of dollars in tax savings? If your company is conducting activities that improve or modify products, processes, energy efficiency, or buildings, you may be able to claim one or more tax credits and incentives for significant tax savings. The team of engineers, CPAs and tax attorneys at Tax Point Advisors make it easy for companies of every size to access beneficial federal and state tax credits and incentives.
Originally created in 1981 to create jobs and spur technology in the U.S., the R&D credit was modified over the years to apply to a host of businesses in industries ranging from manufacturing and construction to engineering and software development. Most often, these tax savings offset salaries for R&D work performed by employees, but can also cover qualified expenses for supplies, contract research and certain payments to qualified organizations for basic research. Further, more than 40 states offer their own R&D tax credits with attractive features and additional advantages.
A simple four-part test helps to determine qualified R&D activity.
In addition to R&D tax credit studies, Tax Point Advisors offers additional services to businesses, such as audit defense, cost segregation studies, Employee Retention Credits, work and hiring credits, and both the 179D deduction and 45L energy efficiency deductions for your investments in energy-efficient buildings.
To learn more about partnering with Tax Point Advisors to claim tax benefits for R&D, energy efficiency, cost segregation, payroll tax credits and other credits and incentices for your business, simply fill out the form on this page and a member of our team will be in touch with you. Or, you may call us at (800) 260-4138 nationwide.