A&E Firms Webinar: Tax Planning – Leveraging the 179D Energy Tax Deduction and R&D Tax Credit
December 11, 2020
Many A&E firms may be missing out on substantial tax credits available to their business that can then be infused directly back into their company to create and protect jobs, increase cash flow to allow more investment in innovation and design, and enhance competitiveness.
There have been many tax incentives enacted over the years, including the 179D Energy tax deduction that focuses on encouraging businesses to incorporate energy efficiency into their design plans for public and commercial buildings. Likewise, less than 30% of eligible companies are aware that they qualify for the Research & Development (“R&D”) tax credit, which can generate a reduction in federal and state tax liabilities for current and future years, among other tax advantages.