Tax Credits and Incentives

 

Chances are you have located your business in your jurisdiction partly because it offers some type of tax credit or incentive for a particular industry or business.  Many states and counties do offer these perks to lure businesses to create jobs and economic prosperity.  Federal government also offers a number of credits and incentives to spur growth where it counts the most.

What if you do not currently take advantage of all available and applicable tax credits and incentives?  This means you are losing considerable amounts of money in overstated tax liability or understated refunds.  This is the money you could have used for working capital and investment purposes.  Granted, there is a way to reverse this scenario by amending your tax returns for last three years.  We can help you prepare and file these amendments.

Davidoff & Associates has expertise to find all the federal, state, and local tax credits and incentives available to your firm, and check on their applicability.

We can help your business apply and qualify for the credits and incentives to which it’s entitled.

Our dedicated team works with businesses in a wide range of industries. We can help you not only qualify for an array of incentives but also document your qualifications and defend them in the event they’re challenged by a taxing authority.

Some of the examples of tax credits and incentives are below.  We work with these and more:

  • Research and Development Tax Credit
  • Hiring and zone-based credits and incentives
  • Energy credits and incentives
  • Transferable tax credits (please inquire – this could be a great solution if you understand how it works).

 

If you believe your business may benefit from one or more of these credits or simply want to discuss this topic, please contact us to set up a free assessment.