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
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
Eric Tuthill, CPA
Section 174 treatment may not be remedied. What you should know.
CPA’s: How to Safeguard Your Clients: Employee Retention (ERC) Substantiation Reports
Eric Tuthill, CPA
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!
CTA Partners with IPX to Make Cost Seg Studies Even Easier for Clients
Jordan Wilson
We’re excited to announce a new partnership with IPX that makes getting a cost segregation study faster for our clients.
Unlocking Potential in Georgia: The Benefits of Investing in GA Opportunity Zones
Jordan Wilson
Georgia is one of the friendliest states for various jobs and retraining credits. Learn more.
The Role of Section 174 in Technology Startups: A Comprehensive Overview
Jordan Wilson
Understanding Section 174 can be crucial for technology startups to fully understand how it can benefit their company. Find out more!
Empowering Nonprofits: A Deeper Dive into the Clean Energy Tax Credit Evolution
Jordan Wilson
The landscape of clean energy is witnessing a transformative shift, particularly for nonprofit organizations, with the recent updates to the Clean Energy Tax Credit (ITC) under the Inflation Reduction Act of 2022. This evolution opens up new horizons for nonprofits, enabling them to play a pivotal role in the clean energy transition while also benefiting … Read more
The Role of Section 41 in Technology Startups: A Comprehensive Overview
Jordan Wilson
In the fast-paced world of technology startups, navigating the complex landscape of tax regulations can be a daunting task. However, understanding and leveraging tax incentives like Section 41 can significantly benefit your startup’s bottom line. In this comprehensive overview, we will delve into the essential details of Section 41 and how it plays a crucial … Read more
New Congressional 2024 Tax Package Could Mean Big Changes to R&D & Other Credit Rules
Jordan Wilson
Get the latest on the tax package currently being debated in congress. Our team shares their thoughts on possible outcomes.
Navigating the Complex World of Cost Segregation with Authorities in the Field
Jordan Wilson
Introduction Cost segregation is a strategic tax planning tool that allows commercial real estate owners to accelerate depreciation deductions, defer taxes, and boost cash flow. However, navigating the complexities of cost segregation requires expertise and deep understanding. This is where tax credit advisors come into play. These professionals are the linchpins in ensuring that property … Read more
Cost Segregation Case Study: Real-World Examples and Insights
Jordan Wilson
Introduction Cost segregation is a critical tax-saving strategy for real estate investors and property owners. It involves identifying and reclassifying personal property assets to accelerate depreciation deductions, thereby reducing taxable income and increasing cash flow. In this article, we will explore real-world cost segregation case study examples, highlighting their impact on tax savings and investment … Read more
Navigating the R&D Tax Credit in 2023: A Guide for Businesses
Jordan Wilson
As we step out of 2023, the landscape of tax credits and incentives continues to evolve, offering new opportunities for businesses to reduce their tax liabilities. One such opportunity is the Research and Development (R&D) Tax Credit, a valuable tool for companies investing in innovation. In this article, we’ll explore the key aspects of the … Read more
What Is the ERC Partial Suspension Test?
Jordan Wilson
In the realm of corporate taxation and pandemic-related relief measures, the Employee Retention Credit (ERC) has emerged as a significant tool for businesses navigating the economic impacts of COVID-19. A key component of determining eligibility for the ERC is understanding the “ERC Partial Suspension Test.” This article aims to shed light on what this test … Read more
What Is the ERC Government Orders Test?
Jordan Wilson
In the ever-evolving landscape of corporate taxation, understanding the nuances of various tax credits and incentives is crucial for businesses. One such significant aspect is the Employee Retention Credit (ERC), particularly the ERC Government Orders Test. This article aims to demystify this test and explain its relevance to businesses. The ERC Government Orders Test Explained … Read more
Navigating the Federal R&D Tax Credit
Jordan Wilson
In the dynamic landscape of modern business, innovation is not just a buzzword but a fundamental necessity. At the forefront of fostering this culture of innovation is the Federal Research and Development (R&D Tax Credit), a pivotal financial incentive provided by the U.S. government. This tax credit represents a critical tool for businesses across various … Read more
What Is the R&D Tax Credit Four Part Test?
Jordan Wilson
The Research and Development R&D Tax Credit is a significant financial tool for businesses engaged in innovative activities. It offers a way to reduce tax liabilities for companies that invest in research and development. Understanding the R&D Tax Credit Four Part Test is crucial for businesses aiming to leverage this opportunity. This article delves into … Read more
ERC Supply Chain Disruption Criteria: A Guide for Businesses
Jordan Wilson
In today’s rapidly evolving economic landscape, businesses face unprecedented challenges, particularly in managing supply chain disruptions. The Employee Retention Credit (ERC) has emerged as a crucial lifeline for businesses navigating these turbulent times. Understanding the ERC criteria related to supply chain disruptions is essential for businesses seeking to maximize their benefits under this program. In … Read more
Apprenticeship, Prevailing Wage, and Domestic Content Awareness in Corporate Tax
Jordan Wilson
In the complex world of corporate taxation, understanding the nuances of apprenticeship programs, prevailing wage laws, and domestic content requirements is crucial for maximizing your credit and ensuring compliance. This article explores these intricate aspects of tax law, providing insights into how they can benefit your business. Understanding Apprenticeship Programs in Taxation Apprenticeship programs are … Read more
Navigating the New Terrain: The IRS, R&D Studies, and the Myths of R&D Amortization
Jordan Wilson
In the ever-evolving landscape of tax regulations, a significant shift has occurred that is set to redefine how businesses handle their Research and Development (R&D) expenses. The Internal Revenue Service (IRS) is now conducting Research and Experimental (R&E) studies, a move that marks a departure from the traditional approach to R&D tax credits. This change, … Read more
Maximizing Impact: How Non-Profits Can Benefit from State Tax Credit Initiatives
Jordan Wilson
How Non-Profits Can Benefit from State Tax Credit Initiatives and maximize impacts, focusing on understanding, utilization and real world examples.
IRS Research & Development Tax Studies Gearing Up for 2022 & Beyond
Dawson Fercho
Ready for changes around how Research & Experimental expenses are treated? You should be and it’s time to help your clients prepare. Learn more.
Exploring the Role of Lighting in 179D
Jordan Wilson
In the ever-evolving world of architecture and design, the focus on sustainability and environmental responsibility has given rise to a new breed of professionals: specialty architects. These architects are not just designers of spaces but are also pioneers in integrating environmental considerations into their projects. Among the various aspects they focus on, lighting plays a … Read more
How Non-Profits Can Benefit from Passing on 179D Tax Deductions
Jordan Wilson
Introduction In the world of non-profit organizations, every dollar saved is a dollar that can be used to further their mission. While non-profits are typically exempt from federal income taxes, they may not directly benefit from certain tax incentives designed for energy-efficient construction. However, a provision in the tax code, known as Section 179D deductions, … Read more
What is PACE Financing?
Jordan Wilson
Are you interested to understand the challenges and benefits of Pace Financing? Find it all in our detailed blog.
Real Estate Cost Segregation: A Strategic Tax Tool for Property Owners
Jordan Wilson
Navigating the labyrinth of real estate investment strategies can be daunting, yet among the myriad of options, cost segregation stands out as a beacon for tax efficiency. This comprehensive guide delves into the nuanced world of real estate cost segregation, demystifying its benefits, tax savings implications, and practical applications. Property owners and real estate aficionados … Read more
Navigating the R&D Tax Credit Calculation: A Comprehensive Guide for Businesses
Jordan Wilson
Grasping R&D Tax Credit Calculation Introduction to the Concept and Its Significance Research and Development (R&D tax credits) are a government-sponsored benefit that provides companies with incentives to invest in innovation within the United States. These credits can significantly reduce a company’s tax liability or, in some cases, provide a refund for amounts spent on … Read more
Cost Segregation for Dummies: A Beginner’s Guide to Tax Savings in Real Estate
Jordan Wilson
Introduction to Cost Segregation Basic Understanding Tailored for Novices Cost segregation is a strategic tax planning tool that allows commercial real estate owners to increase their cash flow by accelerating depreciation deductions and deferring federal and state income taxes. Essentially, it’s a method of reclassifying components and improvements of commercial buildings from real property to … Read more
