The Specialty Tax Credit & Incentive Blog
Section 174: It’s Not the Answer Which Enlightens, but the Question
Section 174 treatment may not be remedied. What you should know.
Latest Posts
Top 5 Industries That Can Maximize Cost Segregation Advantages
Content Team
Cost segregation is a game-changer for property owners looking to boost cash flow through accelerated tax deductions. While it’s a valuable tool for anyone with commercial real estate, certain industries stand to gain more than others due to the unique nature of their assets. If you’re in one of these sectors, a cost segregation study … Read more
Unlocking Tax Savings: How Cost Segregation Benefits Commercial Property Owners
Content Team
As a commercial property owner, you’re likely no stranger to the complexities of taxes. From property taxes to income taxes, the financial responsibilities can feel overwhelming. But what if there was a way to reduce your tax burden and keep more cash in your pocket—legally and efficiently? Enter cost segregation, a powerful tax strategy that’s … Read more
IRS Issues New FAQ on Employee Retention Credit Regarding Amending Income Tax Returns
Content Team
On March 20, 2025, the IRS released updated guidance on the Employee Retention Credit (ERC), clarifying how taxpayers should handle the wage expense reduction associated with the credit. These updates are critical for corporate tax advisors navigating ERC claims, amended returns, and potential tax consequences for their clients. Key Takeaways from the IRS FAQ Update … Read more
Proposed R&D Tax Reform: A Critical Boost for U.S. Innovation
Content Team
A new legislative push in Congress could reshape how businesses account for research and development (R&D) expenses. On March 10, 2025, a bipartisan group of lawmakers introduced the American Innovation and R&D Competitiveness Act. If enacted, this bill would undo a key provision of the 2017 Tax Cuts and Jobs Act (TCJA) that forced businesses … Read more
Webinar: Tax Credits & Incentives for Real Estate Investors 3/27/2025
Mark Woeber
Are you ready to take your real estate investing knowledge to the next level? You don’t want to miss this free webinar. Details: Unlocking Tax Savings: Cost Segregation, Section 179D, and Investment Tax Credits for Real Estate Investors Are you maximizing your real estate investments with available tax credits and incentives? Many investors leave money … Read more
House Passes Budget Resolution: A Step Toward Tax Reform and Beyond
Content Team
What a week in Washington! On February 25, 2025, the House narrowly passed its fiscal year 2025 budget resolution with a 217-215 vote, marking a critical first step toward a sweeping reconciliation package. This “one big, beautiful bill,” as dubbed by President Trump, aims to tackle tax cuts, border security, defense, and energy policy in … Read more
House Concurrent Resolution 14 and Its Impact on Tax Legislation
Content Team
The introduction of House Concurrent Resolution 14 (H.Con.Res. 14) in the 119th Congress marks an important step in setting the federal budget for fiscal year 2025 and providing a framework for fiscal policy through 2034. This resolution has significant implications for upcoming tax legislation, as it establishes revenue targets, spending priorities, and potential areas for … Read more
Maximizing Cost Segregation Benefits: How Real Estate Investors Can Ensure Usability of Deductions
Content Team
Cost segregation is one of the most powerful tax strategies for real estate investors. By accelerating depreciation deductions, investors can significantly reduce taxable income and improve cash flow. However, many investors find themselves limited by passive activity loss (PAL) rules, which prevent them from fully utilizing these deductions. Understanding material participation rules and structuring investments … Read more
Michigan’s New Research Tax Credit: A Game-Changer for Small and Mid-SizedBusinesses
Marketing
Unlocking Innovation Incentives for Michigan Businesses For years, Michigan has been a hub for manufacturing, technology, engineering, and life sciences. Now, with the introduction of the new Michigan State Research Tax Credit, beginning in the 2025 tax year, businesses across the state—particularly small and mid-sized enterprises (SMEs)—have a fresh opportunity to reduce tax liability while … Read more
Augusta Economic Development Authority to Host Free 2025 Richmond County/Augusta Georgia Tax Credits Seminar
Marketing
Loyal CTA blog readers will know our tax credit experts offer webinars throughout the year, but we also get the pleasure of teaching live. So if you’re in Richmond County/August, Georgia please join us for a lunch and learn hosted by the Augusta Economic Development Authority. Learn About Richmond County, Georgia Tax Credit Opportunities Big … Read more
Beyond the Basics: How Corporate Tax Advisors Can Help Future-Proof Your Business
Jordan Wilson
In a rapidly evolving economic landscape, businesses face increasing pressure to stay competitive and adapt to change. While most companies focus on growth strategies, they often overlook the role of corporate tax advisors in securing long-term stability and success. By going beyond basic compliance, tax advisors can help businesses navigate complexities, seize opportunities, and build … Read more
Is Your Business Leaving Money on the Table? Innovative Tax Reliefs You Should Know About
Jordan Wilson
In today’s competitive business landscape, every dollar counts. Tax reliefs and incentives can provide significant financial benefits, yet many businesses overlook these opportunities, often leaving money on the table. The good news? Innovative tax reliefs are available to help businesses save, reinvest, and grow. Here are some of the most impactful tax reliefs your business … Read more
Corporate Tax Myths Debunked: 5 Common Misconceptions You Should Stop Believing
Jordan Wilson
Corporate tax planning is often shrouded in misconceptions that can lead businesses to make costly mistakes or miss out on valuable opportunities. From overestimating the complexity of tax incentives to underestimating their benefits, these myths can hinder your business’s growth and financial health. Let’s set the record straight by debunking five common corporate tax myths. … Read more
The Hidden Costs of Ignoring Tax Incentives: What Your Business Is Missing
Jordan Wilson
Tax incentives are more than just financial perks; they are strategic tools that can drive growth, innovation, and competitive advantage. Yet, many businesses overlook these opportunities, either due to a lack of awareness or misconceptions about eligibility. Ignoring tax incentives can lead to substantial hidden costs that go beyond the immediate financial impact. Here’s why … Read more
Tax Strategy for the Bold: How to Use Corporate Tax Planning as a Competitive Edge
Jordan Wilson
In today’s hyper-competitive business environment, every advantage matters. While many companies focus on product innovation, customer service, or marketing, there’s one area where strategic foresight can yield significant rewards: corporate tax planning. Far from being just a compliance obligation, a well-executed tax strategy can serve as a powerful tool to fuel growth, improve profitability, and … Read more
Cost Segregation Studies: How Partnering with CTA Enhances Your CPA Firm’s Value Chain
Dawson Fercho
For CPA firms, offering specialized services is essential to remaining competitive and deepening client relationships. One such service, Cost Segregation Studies, provides clients with significant tax savings while adding measurable value to your firm’s service portfolio. By partnering with Corporate Tax Advisors (CTA), you can deliver these benefits seamlessly, leveraging the expertise of a team … Read more
Extending Your CPA Firm’s Value Chain with Cost Segregation Studies
Dawson Fercho
As a Certified Public Accountant (CPA), you’re already a trusted advisor for your clients’ financial and tax strategies. But in today’s competitive market, offering innovative and specialized services can set your firm apart and deepen client relationships. Partnering with a specialty tax provider to conduct Cost Segregation Studies is a powerful way to enhance your … Read more
Unlock Hidden Tax Savings: How Private Building Owners Are Maximizing Returns with Cost Segregation Studies
Dawson Fercho
Private building owners often seek innovative ways to increase profitability and optimize cash flow. One powerful yet often overlooked strategy is the use of Cost Segregation Studies. By reclassifying certain building components into shorter depreciation categories, owners can realize significant tax savings and free up capital for future investments. Let’s explore how this strategy works … Read more
Cost Segregation Studies: The Key to Unlocking Tax Savings for Design Firms
Dawson Fercho
For design firms in the United States, navigating tax strategy can be daunting, but one powerful tool remains underutilized: Cost Segregation Studies. Whether you’re a shareholder, CFO, or finance director, understanding how cost segregation can optimize your tax position is critical to maximizing your firm’s financial potential. What is Cost Segregation? Cost segregation is a … Read more
Maximizing Tax Deductions: A Guide for Corporate Tax Savings in 2024
Jordan Wilson
As we move into 2024, businesses are facing an evolving tax landscape that requires careful planning and strategic decision-making. With rising costs and economic uncertainty, corporate tax deductions have become an essential tool for companies seeking to minimize their tax liabilities and maximize profitability. By understanding and leveraging available deductions, businesses can not only save … Read more
The Future of Corporate Tax Compliance: Trends Every Business Should Watch
Jordan Wilson
Corporate tax compliance is evolving rapidly, driven by technological advancements, regulatory changes, and global economic shifts. For businesses, staying ahead of these trends is crucial not only for avoiding penalties but also for optimizing their tax strategies in an increasingly complex landscape. As we head into 2024 and beyond, here are the key trends in … Read more
How Strategic Tax Planning Can Boost Your Company’s Profit Margin
Jordan Wilson
In today’s competitive business landscape, maximizing profit margins is crucial for sustainable growth. While most companies focus on increasing revenue or reducing operational costs, one area that often goes overlooked is tax planning. Effective tax planning is a powerful strategy that can significantly enhance a company’s bottom line by reducing tax liabilities and freeing up … Read more
Navigating Tax Audits: Essential Steps for a Stress-Free Experience
Jordan Wilson
Facing a tax audit can be a daunting experience for any business. Whether it’s a routine check or an in-depth review, the key to handling a tax audit successfully lies in preparation and organization. A well-prepared audit process can not only help you avoid penalties but also give you confidence that your business is operating … Read more
Tax Reform Updates: What Recent Changes Mean for Corporations in 2024
Jordan Wilson
Tax reform is a recurring and significant topic for corporations, influencing everything from cash flow management to long-term strategic planning. As we enter 2024, several updates to corporate tax policies are set to take effect, reshaping the financial landscape for businesses of all sizes. Staying informed about these changes is crucial to adapting your strategies … Read more
Understanding Tax Credits: How They Can Reduce Your Business’s Tax Liability
Jordan Wilson
Navigating the complexities of corporate taxes can be daunting for any business owner. However, understanding how tax credits work can provide a powerful tool for reducing your business’s tax liability. Tax credits directly lower the amount of taxes owed, making them one of the most effective ways to save money during tax season. Let’s break … Read more
Sustainability and Corporate Taxes: How Going Green Can Benefit Your Bottom Line
Jordan Wilson
As businesses strive to balance profit with social responsibility, sustainability has become a driving force in corporate strategy. Going green not only helps reduce environmental impact but can also significantly benefit your bottom line. One way businesses can reap these rewards is through tax incentives designed to promote environmentally conscious practices. Let’s explore how sustainability … Read more
R&D Tax Credits: Unlocking Innovation Funding for Your Business
Jordan Wilson
Innovation is the lifeblood of any successful business, driving growth, efficiency, and competitive advantage. However, developing new products or processes can be costly. Fortunately, many governments recognize the importance of innovation and have implemented Research and Development (R&D) tax credits to help businesses offset these costs. In this article, we’ll explore what R&D tax credits … Read more
The Top Tax Deductions Every Business Should Know About in 2024
Jordan Wilson
As we move into 2024, it’s essential for business owners to stay informed about the various tax deductions available to them. Understanding these deductions can significantly impact your bottom line, allowing you to reinvest in your business or allocate funds toward growth. Here’s a look at some of the top tax deductions every business should … Read more
Tax Planning for Mergers and Acquisitions: What You Need to Know
Jordan Wilson
Mergers and acquisitions (M&A) represent a transformative period for businesses, with both tremendous growth potential and complex financial challenges. Among these challenges, tax planning is crucial as it significantly impacts the value and success of a transaction. Effective tax strategies help companies navigate intricate regulations, minimize tax liabilities, and ensure a smooth transition. Here’s what … Read more
Maximizing Your Business’s Recovery Through the Employee Retention Credit (ERC)
Jordan Wilson
In the wake of economic disruptions caused by the COVID-19 pandemic, the U.S. government introduced a variety of relief programs to support businesses. One such lifeline, often overlooked by many, is the Employee Retention Credit (ERC). If you’re a business owner or financial decision-maker, understanding how the ERC works and how it could benefit your … Read more
Unlocking the Power of the Investment Tax Credit (ITC) for Your Business
Jordan Wilson
As businesses continue to explore ways to reduce costs and boost sustainability, the Investment Tax Credit (ITC) offers a compelling opportunity for those investing in renewable energy solutions. Whether you’re considering solar panels, wind turbines, or other renewable energy projects, the ITC can significantly offset the cost of these installations, making the transition to greener … Read more
The Benefits of Cost Segregation: How a Tax Consultant Can Help
Jordan Wilson
Cost segregation is a powerful tax strategy that allows real estate owners to accelerate depreciation on their properties, ultimately leading to significant tax savings. By breaking down the components of a building into various categories with shorter depreciable lives, property owners can increase their cash flow and reinvest savings back into their businesses. While cost … Read more
Understanding Tax Law Changes: What You Need to Know About Their Impact on Corporate Tax Credits and Incentives
Jordan Wilson
Tax laws are like the weather—constantly changing and often unpredictable. For businesses, these changes can have profound implications, particularly when it comes to corporate tax credits and incentives. Whether your company is a small startup or a multinational corporation, staying informed about tax law changes is crucial to optimizing your financial strategy and ensuring compliance. … Read more
Unlocking Tax Benefits: How Investing in Technology and Infrastructure Can Save Your Business Money
Jordan Wilson
In the fast-paced world of business, staying ahead of the competition often requires significant investment in technology and infrastructure. While these investments might seem daunting, they offer more than just operational improvements; they can also provide substantial technology tax benefits. By strategically investing in technology and infrastructure, businesses can unlock a range of tax incentives … Read more
Maximizing Employee Hiring Incentives: A Guide to Claiming Tax Credits for Your Workforce
Jordan Wilson
In today’s competitive job market, attracting and retaining top talent can be a significant challenge for businesses. However, there’s a silver lining: various federal and state tax credits designed to encourage employee hiring incentives and workforce development. Understanding and leveraging these incentives can not only help reduce your tax burden but also contribute to a … Read more
Tax Credits vs. Tax Deductions: Understanding the Key Differences for Your Business
Jordan Wilson
Discover the differences between tax credits and deductions, and learn how ITC, R&D credits, Section 179D, and more can benefit your business.
Green Tax Incentives: How Eco-Friendly Practices Can Save Your Business Money
Jordan Wilson
Discover how eco-friendly practices can save your business money through various green tax incentives.
Maximizing Tax Savings for Businesses: Leveraging Key Services and Tax Incentives
Dawson Fercho
Discover how to maximize tax savings for businesses with ITC, R&D credits, Section 179, cost segregation, and ERC incentives.
What Is an ITC Tax Consultant?
Dawson Fercho
Discover how ITC Tax Consultants navigate the complexities of Investment Tax Credit (ITC) regulations to maximize savings and compliance for businesses.
ITC Tax Credit: What You Should Know
Jordan Wilson
As the world pivots towards sustainable energy solutions, the incentives to adopt green technologies have never been more significant. Among these incentives, the Investment Tax Credit (ITC) stands out as a crucial financial tool for both individuals and businesses looking to invest in renewable energy. The Solar Investment Tax Credit (ITC) has played a pivotal … Read more
Understanding the Solar Investment Tax Credit: Who Benefits?
Jordan Wilson
The Solar Investment Tax Credit (ITC) offers significant financial incentives for homeowners, businesses, and nonprofits to adopt solar energy, driving economic growth and environmental sustainability through clean energy investments.
A Guide to Investing in Opportunity Zones
Jordan Wilson
Discover the keys to Opportunity Zone investing: tax benefits, growth potential, and social impact. Learn how to invest wisely today!
Clean Energy Tax Incentives: Driving the Future of Sustainable Energy
Jordan Wilson
Benefits of clean energy tax incentives to learn how these make renewable energy more accessible and affordable.
Understanding the Repeal of Section 174: What It Means for Businesses
Jordan Wilson
By allowing immediate deductions, Section 174 has provided an incentive for businesses to pursue R&D activities, fostering technological advancement and economic growth. The Repeal of Section 174: An Overview The repeal of Section 174 means that businesses can no longer immediately deduct their R&D expenses. Instead, these costs must now be capitalized and amortized over … Read more
What Is a Cost Segregation Study?
Heather Fisher
What Is a Cost Segregation Study? Find out how you may use one to optimize your real estate tax strategy.
Section 174: It’s Not the Answer Which Enlightens, but the Question
Dawson Fercho
Section 174 treatment may not be remedied. What you should know.
CPA’s: How to Safeguard Your Clients: Employee Retention (ERC) Substantiation Reports
Dawson Fercho
As CPAs, IRS EAs and Tax Attorneys, we are no strangers to navigating economic uncertainty and ambiguity, and here we are again evaluating whether an ERC substantiation report makes sense for our clients. The COVID-19 pandemic presented challenges unlike any we’ve seen before. From sudden business closures to unprecedented government interventions, the past few years … Read more
Maximizing Tax Savings with Cost Segregation Depreciation
Jordan Wilson
Here is our complete guide to maximizing tax savings with cost segregation depreciation. Read for more information!
What Is Accelerated Depreciation in Real Estate Investing?
Heather Fisher
Learn what Accelerated Depreciation is and the difference between it and “Standard” depreciation in your real estate investing.
Exploring the Cost of Cost Segregation Studies: How Much Does a Cost Segregation Study Cost?
Jordan Wilson
Exploring the Cost of Cost Segregation Studies? Here’s How Much a Cost Segregation Study Costs and more information!
