Dormitories Case Study
Dormitories Case study Dormitories Dormitories – An ivy league University Project:An ivy league University received a $5 million grant from the Department of Energy to improve the energy efficiency of its dormitories. NTG’s Tax Credits & Incentives consulting practice provided a wide range of services to a leading global architecture and engineering firm. The firm […]
Hotels Case Study
Hotels Case study Hotels Problem:A luxury hotel in Texas was struggling to keep up with its energy costs. The hotel’s HVAC system is old and inefficient, and the hotel’s lighting is outdated. The hotel is also located in a hot climate, which means that the HVAC system is running all year round. Solution: […]
Office Buildings Case Study
Office Buildings Case study Office Buildings Company: A mid sized software solutions company Location: San Francisco, CA Building: 62505 square foot office building 179D deduction: The total cost of the energy-efficient improvements was $1 million. The 179D deduction allowed the company to deduct $180,000 from their federal taxes, which saved them $63,000 in taxes. […]
Logistics Centers Case Study
Logistics Centers Case study Logistics Centers Business: A large logistics company with over 100 warehouses nationwide. Location: A new logistics center in a major metropolitan area. Energy-efficient upgrades: NTG’s team began by conducting the required energy simulation to verify the deduction. They then communicated with building owners to explain the deduction and obtain all required documentation. They […]
Car Dealerships Case Study
Car Dealerships Case study Car Dealerships The owner of this auto dealership in Omaha, Nebraska initially hired NTG for cost segregation analysis. NTG’s team began by conducting the required energy simulation to verify the deduction. They then communicated with building owners to explain the deduction and obtain all required documentation. They also worked with […]
Retail Spaces Case Study
Retail Spaces Case study Public Libraries NTG’s team has the engineering and technical tax law expertise to complete and manage hundreds of certifications and claims throughout the United States. This gave the A&E firm the confidence that it could pursue the tax incentive without having to divert its own personnel, operations, or resources. NTG’s team […]
High-rise Multi family Case Study
High-rise Multi family Case study High-rise Multi family Challenge The 179 D high-rise residential complex was facing a number of challenges, including: Aging infrastructure Energy inefficiency Lack of sustainability features Poor resident satisfaction Solution The owners of the 179 D complex decided to undertake a major renovation project to address these challenges. The project […]
Parking Garages Case Study
Parking Garages Case study Parking Garages Project: A parking garage Location: Florida Square footage: 315,624 NTG’s team began by conducting the required energy simulation to verify the deduction. They then communicated with building owners to explain the deduction and obtain all required documentation. They also worked with qualified engineers and contractors to complete inspections […]
Research and Development Tax Credit for Architecture Firms
The Research and Development tax credit is a federal incentive for all US Businesses that engage in research and development activities. Some businesses engage in these activities more than others, and architecture firms are among one of the top placeholders. Claiming these on your taxes will give you more money to reinvest in your business. […]
Revisions to Form 6765 R&D Credit
On September 15, the Internal Revenue Service shared proposed revisions to Form 6765, “Credit for Increasing Research Activities,” requesting stakeholder comments by October 31. These modifications might result in significant changes to the R&D Tax Credit from 2024 onwards, adding to the hardship faced by taxpayers filing to claim the federal credit. The agency […]