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No matter the phase your company may be in – expanding, relocating, modernizing, consolidating or something else – Cherry Bekaert’s Tax Credits & Incentives Advisory team can help you avoid unnecessary tax payments. Our team can assist you in identifying value-added opportunities that have a direct positive impact on your company’s bottom line and create cash savings.
Our Tax Credits and Incentives Advisory Services Include:
R&D Tax Credit — A federal income tax incentive providing a dollar-for-dollar reduction against a taxpayer’s otherwise computed federal tax liability. It can provide an immediate source of cash as well as a significant reduction to current and future years’ tax liabilities. Depending on your state, your company may be also able to take advantage of the R&D tax credit at the state level.
Accounting Methods — Establish advantageous methods of accounting for optimizing deduction and fixed asset benefits.
Cost Segregation Study — A cost segregation study is a strategic cash tax planning tool that allows property owners to increase their cash flow through the acceleration of depreciation deductions and deferral of tax payments.
Real Estate Related Credits & Incentives – There are many federal and state tax credits and incentives that relate to real estate, such as the TCJA Opportunity Zones, historic rehabilitation tax credit, the conservation easement deduction, low income housing credit, the multi-residential and residential credits, Section 179D deduction, and energy-related incentives.
Fixed Asset Review Analysis (“FARA”) — Implementing a Fixed Asset Review Analysis may provide immediate tax benefits to businesses.
Section 199A – A federal incentive that allows taxpayers, other than corporations, to deduct up to 20% of qualified business income in a qualified trade or business, subject to certain limitations.