Federal Credits

Are You Taking Advantage of all Allowable
Federal Credits & Incentives?

If your company is expanding, relocating, modernizing or consolidating, Cherry Bekaert’s Federal Credits practice can help you avoid unnecessary tax payments. Recognizing value-added opportunities can have a direct positive impact on your company’s bottom line, and we are here to help identify those opportunities.

Federal tax credit laws change constantly and incentive programs are not uniform from state to state. Securing federal credits and incentives starts with a relationship with an advisor who fully understands the dynamic structure of federal credits and how it relates to your particular tax situation. With a depth of knowledge and practical experience obtaining tax and nontax credits and incentives, Cherry Bekaert’s tax professionals can help you effectively evaluate relevant and applicable programs, conduct a comprehensive federal credit review, structure and negotiate incentive packages, and ensure implementation and proper compliance are completed.

What’s involved in the process?

We work with you to examine your business plans and activities, support your company’s financial and operational staff, and weigh all available options during the planning process to identify opportunities that will add value to your company’s bottom line.

Our process includes a review of federal credit opportunities based on your business objectives and tax situation. Understanding that the most critical element to the effective delivery of federal credit and incentive services is the upfront planning, our three-phase approach is structured to assist clients in uncovering the most applicable federal credits and maximizing the benefits within their goals and objectives.

Our Federal Credits & Incentives Services include:

Research & Development (R&D) Tax Credits

Don’t Leave Money on the Table

Did you know that less than one-third of eligible companies are aware that they qualify for the Research & Development (R&D) Tax Credit? Even if companies claim an R&D credit, they frequently do not claim the entire credit to which they are entitled. This is either because they are uncertain of what qualifies for the credit or do not have the processes in place to properly document the credit.

Download a printable version of our guidance materials.

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IRC Sec. 179D Energy Tax Deduction

Answers to Your Section 179D Questions

Many tax incentives enacted over the last several years have focused on encouraging businesses to incorporate energy efficiency into their operational plans. One tax incentive in particular relates to the design and construction of energy-efficient commercial building property, and remains underutilized because many taxpayers do not know it exists.

Download a printable version of our guidance materials.

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IRC Sec. 199 Domestic Production Activities Deduction

Made in the USA: Does What You Do Qualify for a Tax Deduction?

Uncle Sam rewards companies that engage in MPGE (manufacturing, producing, growing, or extracting) activities in the US, and the kinds of goods, services, and activities that qualify as MPGE are broader than you
might think.

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Meals & Entertainment

Who May Benefit from Meals & Entertainment Deductions

Throughout the course of conducting business, meals and entertainment costs can add up. Thankfully, substantial tax savings may be secured through Meals & Entertainment (M&E) deductions.

Download a printable version of our guidance materials here.

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