Tax Credits, Incentives, & Deductions
Tax strategies
1 min read
Tax reform proposal vague by design?
As Ms. Manners, a.k.a. Judith Martin, recommends, “If you can’t be kind, at least be vague.” The Trump administration’s latest tax proposal is both kind to taxpayers and vague. The vagueness is by design, according to Treasury Secretary Steve Mnuchin, to allow the President room to negotiate with Congress.
Trump Administration outlines tax plan
Article
April 28, 2017
3 min read
Border tax uncertainty highlights range of possible implications
Blog
April 25, 2017
2 min read
Prepare for tax reform while policy details take shape
Blog
April 11, 2017
1 min read
How your business can benefit from the research tax credit
Overview and technical update
Tax Credits, Incentives, & Deductions Thought Leadership
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New R&D regulations: Clarity for taxpayers with software development activitiesIf your business develops software, the likelihood of claiming the R&D credit has just increased. Here’s what you need to know.
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Remodeling or refreshing a building? New safe harbor may allow accelerated deductions.If you run a restaurant or retail establishment or lease space to someone who does, you may be eligible to deduct remodeling/refresh costs when incurred instead of depreciating them over time.
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Attention tech companies: New and improved R&D tax credit legislation may benefit youChanges to the research and development tax credit may provide tax relief to tech companies as they introduce new products and solutions to the market.
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Tax alert: Research and development credit updateA law change makes the R&D credit permanent and adds new benefits for small businesses.
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Narrowed “internal use software” definition is good news for manyThis narrower definition of IUS will likely have a positive effect on taxpayers looking to claim the R&D credit related to software development activities.
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Carefully documenting qualifications is key to taking advantage of federal and state tax credits and deductions. We help analyze your activities and associated costs to determine whether you meet the requirements for tax incentives. Our experienced specialists help you navigate the complexities, bringing a thorough understanding of relevant codes, regulations, and administrative guidance on a wide range of tax incentives. The methodology we've developed gives you confidence in your decisions and documentation you can depend on in case of an audit.
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Our diverse team of experts includes lawyers, engineers, architects, valuation experts, tax specialists, and CPAs who work with you to assess whether an incentive aligns with your tax strategy. We can help you reduce federal and state tax liability and improve cash flow by taking advantage of the tax credits and deductions to which you’re entitled.
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Nathan Buchalski
Partner, Tax Solutions Practice Leader