Reducing your company’s tax burden can go a long way to help your organization remain competitive. The good news is that the federal government and many state governments have provided several opportunities for businesses to reduce their tax burdens and boost their bottom lines through credits, deductions and incentives. But claiming these credits can become complicated quickly. Warren Averett’s experts can help you discover your company’s tax savings potential.
Significant savings elude companies every year, simply because they aren’t aware of the credits they qualify for. Our team will help you identify your eligibility.
Tax credit service scams are on the rise. At Warren Averett, everything is above board. Our advisors operate with integrity to ensure your compliance.
With our team that specializes in accounting for tax credits, you can be sure that you’re getting accurate guidance and personalized advice.
Many businesses wouldn’t suspect that they could qualify for research and development (R&D) credits. However, if your company has invested time and money in developing new techniques, improving processes or innovating in other ways, then it’s worth investigating. Expenditures like this are eligible for the credit, which can help improve your bottom line.
Businesses that have installed qualifying energy-saving appliances, utilities or systems may be eligible to take advantage of tax deductions or credits. Architects, engineers and contractors who are making energy-efficient enhancements to government-owned buildings at the federal, state or local level can be allocated tax savings by the owners of the buildings.
In response to the increasing globalization of the marketplace, U.S. companies exporting goods and services can qualify for a variety of tax incentives, including permanent tax savings available for pass-through entities. Warren Averett’s tax advisors can help your company take advantage of available export incentive opportunities.
A utility audit can determine an organization’s energy use. Our tax professionals analyze which portion of your company’s utility cost is nontaxable. Warren Averett can help you obtain refunds from up to three years prior and receive ongoing savings, which can be used to improve your company’s bottom line.
The federal government imposes taxes on a variety of fuel types in order to fund road projects across the country. Because not all fuel consumption takes place on roads, businesses that operate machinery and vehicles in other capacities may be eligible for a fuel tax credit.
In the event of disasters, such as hurricanes, tax relief is often provided by government entities to qualified businesses and individuals who were impacted. Our advisors can help you navigate altered deadlines and take advantage of tax provisions that may provide relief to your organization after an unforeseen event.
Whether you are expanding internationally or within the U.S., Warren Averett can coordinate solutions to help your company take advantage of money-saving opportunities found through tax credits and incentives during the process of selecting a site for expansion.
Warren Averett offers services that allow our clients to reap the benefits of all possible tax credits and incentives during project financing. We can facilitate project-based financial modeling, transaction support and cash-flow projections while seeing that you meet all compliance standards.
State regulations are becoming increasingly complicated for both telecommunication companies and companies that bill for communication services. There are also multiple taxes and fees placed on telecommunication services that prove to be challenging for companies to manage on their own. Our tax professionals can help you stay in compliance and uncover savings through potential exemptions and refunds.
The Federal Historic Preservation Tax Incentives Program offers tax credits to private investment companies for the rehabilitation and re-use of certified historic structures. Our professionals can confirm your eligibility, develop transaction structures and mitigate the risk of reallocation to ensure that your company is taking advantage of the maximum credit available.
Warren Averett tax professionals advise investors on best practices regarding investment methods and goals. Our team is comprised of experts in due diligence, policies and procedures, risk management, and community development tax credits who know what to look for and how to save your company money.
In an effort to promote private sector involvement in the development of affordable housing aimed at low-income Americans, the federal government has allowed developers and investors to qualify for low-income housing tax credits. Our tax professionals offer knowledgeable advice and practical solutions to help your company meet the requirements.
The Opportunity Zones program was established by Congress in the Tax Cut and Jobs Act of 2017 as an innovative approach to spurring economic development and job creation. Economically distressed communities were nominated by each state and then certified by the Secretary of the U.S. Treasury as Opportunity Zones. The Opportunity Zones are designed to spur economic growth by allowing tax benefits to investors.
Many of our advisors have dedicated their careers to helping companies navigate niche areas of the tax code. Learn more about the individuals at Warren Averett who specialize in accounting for tax credits and incentives.
You don’t have to work in a lab or for a high-tech company to qualify for the R&D tax credit. If you’ve invested time and money in developing new techniques, improving processes or innovating in other ways, you may be eligible. Warren Averett offers a complimentary feasibility study to determine if your business is eligible for the Research and Development (R&D) Tax Credit. We’ll work with your personnel to identify all qualifying activities and expenses, calculate credit for tax returns and prepare a final report documenting the study.
Contact AdvisorNavigating the many tax savings available to your company and determining your eligibility can be a daunting task, but it doesn’t have to be. Warren Averett has extensive expertise in accounting for tax credits, and we work to maximize the benefits from every credit and deduction possible. Connect with an advisor today to get started.