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Commercial Building Owners, Have You Replaced HVAC or Lighting Systems? Let the Government Underwrite Your Project!

Since its creation as part of the Energy Policy Act of 2005 (“EPAct”), the §179D deduction for energy-efficient commercial buildings has generated significant savings for taxpayers while advancing sustainability efforts in the U.S. However, this important tax incentive has never been a permanent part of the tax code and instead has repeatedly lapsed, only to [...]

By |2016-10-27T08:19:37-07:00October 27th, 2016|Uncategorized|Comments Off on Commercial Building Owners, Have You Replaced HVAC or Lighting Systems? Let the Government Underwrite Your Project!

The End of the Year is Approaching—Act Now to Maximize Tax Savings

As the year enters its final quarter, the time has come for businesses to begin assembling paperwork and planning strategies to minimize their tax burdens for 2016. Many business tax incentives require extensive documentation that takes a great deal of time to prepare, so early action is recommended in order to secure optimal results at [...]

By |2016-10-01T09:56:23-07:00October 1st, 2016|Uncategorized|Comments Off on The End of the Year is Approaching—Act Now to Maximize Tax Savings

5 Misconceptions that Prevent Businesses from Reaping the Benefits of the R&D Credit

Each year, the Research and Development (R&D) Credit saves businesses billions of dollars in taxes—yet many other businesses forego the opportunity to seize this valuable incentive. Erroneous beliefs about the types of activities that constitute qualified research and other misconceptions about the R&D Credit are some of the most common hurdles standing between eligible taxpayers [...]

By |2016-09-23T07:13:09-07:00September 23rd, 2016|Uncategorized|Comments Off on 5 Misconceptions that Prevent Businesses from Reaping the Benefits of the R&D Credit

5 Important Steps to Tax Savings as the Extended WOTC Deadline Approaches

Each year, the Work Opportunity Tax Credit (WOTC) saves taxpayers tens of thousands of dollars for undertaking a step that is essential to growing their businesses: hiring new employees. Typically, employers must file the requisite paperwork for claiming WOTC within 28 days of hiring a qualifying worker. However, for 2015 and part of 2016, the [...]

By |2016-09-02T04:23:59-07:00September 2nd, 2016|Uncategorized|Comments Off on 5 Important Steps to Tax Savings as the Extended WOTC Deadline Approaches

Architects, Engineers, and the R&D Tax Credit: An Underutilized Opportunity to Save

From developing environmentally friendly buildings to navigating complex design requirements, architects and engineers routinely drive growth, innovation, and societal progress through their work. Each year, the Research and Development (R&D) Tax Credit saves businesses hundreds of thousands of dollars for performing such activities—but this powerful opportunity for tax savings is often overlooked by architects and [...]

By |2016-08-19T19:59:14-07:00August 19th, 2016|Uncategorized|Comments Off on Architects, Engineers, and the R&D Tax Credit: An Underutilized Opportunity to Save

5 Methods for Manufacturers to Boost Net Profits

Regardless of the product they are creating, all manufacturers face the dilemma of how to control costs while maintaining high quality standards. From the costs of labor and raw materials to those associated with keeping machinery in prime condition and operating the typically large buildings in which manufacturing facilities are housed, businesses in the manufacturing [...]

By |2016-07-30T03:16:39-07:00July 30th, 2016|Uncategorized|Comments Off on 5 Methods for Manufacturers to Boost Net Profits

IRS Extends WOTC Deadline to September 28

Per the recently issued Notice 2016-40, the IRS has expanded opportunities for employers to claim the Work Opportunity Tax Credit (WOTC).  The earlier Notice 2016-22 permitted businesses to retroactively claim WOTC for workers hired between January 1, 2015 and May 31, 2016.  Notice 2016-40 extends the period for eligible hires until August 31, 2016 and [...]

By |2016-06-30T16:45:14-07:00June 30th, 2016|Uncategorized|Comments Off on IRS Extends WOTC Deadline to September 28

Advocates of the 179D Deduction Urge Senate Finance Committee to Consider Extension

Update: On February 9, President Trump signed into law the Bipartisan Budget Act of 2018. This new law retroactively renews the §179D deduction for 2017. Therefore, commercial building owners and primary designers may now claim the deduction for qualifying energy-efficient projects completed in 2017. At this time, however, Congress has not taken any action to [...]

By |2018-02-16T14:00:53-07:00June 17th, 2016|Uncategorized|Comments Off on Advocates of the 179D Deduction Urge Senate Finance Committee to Consider Extension

5 Money-Saving Strategies for Commercial Building Owners

From paying the utility bills for large buildings to maintaining multiple systems in sound condition, commercial property owners face staggering expenses.  However, when considering cost-cutting measures, they must ensure that the comfort and satisfaction of tenants, customers, and visitors are not compromised. Fortunately, commercial property owners can tap into their buildings to unleash opportunities that [...]

By |2016-06-01T08:40:37-07:00June 1st, 2016|Uncategorized|Comments Off on 5 Money-Saving Strategies for Commercial Building Owners

Newly Expanded R&D Credit Offers Savings for Start-ups

While large companies enjoy substantially reduced tax burdens each year through the Research and Development (R&D) Tax Credit, many smaller and newly launched businesses routinely miss the opportunity to save. Start-ups in particular have traditionally faced formidable barriers to claiming the credit.  Fortunately, the Protecting Americans from Tax Hikes (PATH) Act of 2015 made the [...]

By |2016-05-18T06:39:40-07:00May 18th, 2016|Uncategorized|Comments Off on Newly Expanded R&D Credit Offers Savings for Start-ups