Leveraging R&D Credit For Small Businesses
Is your company attempting to improve current goods, processes, or software? Do you create new goods and processes as part of your regular operations? Have you modified, integrated, or produced goods based on customer specifications? The Research and Development Tax Credit may effectively reduce taxable income while providing immediate support for future discoveries. It remains […]
179D for Commercial Building Owners
Commercial Building Owners Commercial building owners that take steps to reduce their building’s energy consumption and focus on green initiatives, can reward their efforts by applying for the 179D Energy Efficient Tax Deduction. Through the Green Act 2019 deduction, qualifying companies can claim as much as $1.80 per square foot for each building. Qualifying energy-saving […]
R&D Tax Credits for Architecture / Engineering
Architecture / Engineering Architecture firms that work on projects that invest in energy efficiency and other day-to-day operations could be saving money through the tax incentives available to them. Many firms are frequently unaware they could be taking advantage of the R&D tax credits they qualify for. National Tax Group allows those companies to […]
R&D Tax Credits for Chemical Pharmaceutical Companies
Chemical Pharmaceutical Companies Companies within the chemical pharmaceutical industry are constantly investing money into the development and improvement of their formulas, drugs, and products by taking innovative steps to stand out in an industry that is rapidly growing and pushing out new discoveries. The Research and Development Tax Credit allows companies to offset their […]
R&D Tax Credits for Computer Science Companies
Computer Science Companies The computer science industry is incredibly broad, with a wide variety of software and processes always being developed. Computer science companies are constantly pouring money into the development and improvement of processes and products, and most companies within the industry are eligible to take advantage of the Research and Development Tax Credit […]
Cost Segregation Studies for Hotel Owners old
Hotel Owners National Tax Group works with hotel and motel owners to perform cost segregation studies. Hotel properties are typically a 39 year depreciable asset. Our studies are able to reallocate 30% of the total assets to 5 and 15 year life classes. Our engineers and tax experts performing the cost segregation studies go by […]
R&D Tax Credits for Agriculture Companies
Agriculture Companies Companies in the agricultural and farming industries are often performing qualifying research and development activities without realizing they are eligible for R&D tax credits. When managing resources used in producing food, agricultural and farming businesses need to create innovative technology and systems. Companies may be taking part in qualifying research activities that allows […]
R&D Tax Credits for Web Development Companies
Web Development Companies Website developers can qualify for R&D when they are performing research used for implementing a new system or process. Finding innovative solutions and technologies to improve the processes and value of a website often uses qualifying research activities that are able to reap the benefits of R&D credits. Qualifying processes include Making […]
R&D Tax Credits for Cosmetic Companies
Cosmetic Companies The cosmetic industry is one of the largest industries in the world, with a rapidly growing repertoire of beauty products and processes, and a registered annual revenue of over $54 Million. Each year, the cosmetic industry becomes more innovative and creative with their development processes in order to keep up with competitors, and […]
R&D Tax Credits for Manufacturing Companies
Manufacturing Companies Manufacturing companies often miss out on claiming R&D credits simply because they don’t recognize their work as being innovative, but rather routine. R&D credits are available for manufacturers who are taking steps to improve the manufacturing process by making it more advanced, environmentally friendly, and efficient. Companies performing activities such as process design […]