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Tax Credits & Incentives Advisory

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Are You Taking Advantage of All Allowable Credits?

No matter the phase your company may be in – expanding, relocating, modernizing, consolidating or something else – Cherry Bekaert’s Tax Credits & Incentives Advisory team can help you avoid unnecessary tax payments. Our team can assist you in identifying value-added opportunities that have a direct positive impact on your company’s bottom line and create cash savings.

Our Tax Credits and Incentives Advisory Services Include:

  • R&D Tax Credit — A federal income tax incentive providing a dollar-for-dollar reduction against a taxpayer’s otherwise computed federal tax liability. It can provide an immediate source of cash as well as a significant reduction to current and future years’ tax liabilities. Depending on your state, your company may be also able to take advantage of the R&D tax credit at the state level.
  • Accounting Methods — Establish advantageous methods of accounting for optimizing deduction and fixed asset benefits.
  • Cost Segregation Study — A cost segregation study is a strategic cash tax planning tool that allows property owners to increase their cash flow through the acceleration of depreciation deductions and deferral of tax payments.
  • Real Estate Related Credits & Incentives – There are many federal and state tax credits and incentives that relate to real estate, such as the TCJA Opportunity Zones, historic rehabilitation tax credit, the conservation easement deduction, low income housing credit, the multi-residential and residential credits, Section 179D deduction, and energy-related incentives.
  • Fixed Asset Review Analysis (“FARA”) — Implementing a Fixed Asset Review Analysis may provide immediate tax benefits to businesses.
  • Section 199A – A federal incentive that allows taxpayers, other than corporations, to deduct up to 20% of qualified business income in a qualified trade or business, subject to certain limitations.

With a depth of knowledge and practical experience obtaining tax incentives, our team 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. Our process includes a review of federal credit opportunities based on your business objectives and tax situation. The most critical element to the effective delivery of credit and incentive services is upfront planning. Our three-phase approach is structured to assist you in uncovering the most applicable credits and maximizing the benefits within your goals and objectives.

Our team is comprised of a diverse group of tax professionals with numerous years of tax experience, who can help your company with expert tax planning. We offer unparalleled knowledge and service in the area of tax credits and deductions and can help your company realize savings opportunities. Many factors set us apart from the competition, but the value we provide you relies not only on the services we have to offer but rather on how those services are delivered.

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Global A&E Firm Saves $2 Million with 179D Tax Deduction

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Services

Accounting Methods

The timing of income and expense recognition is an essential element of your company’s cash...

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Cost Segregation Services

If you are a commercial property owner, Cherry Bekaert can provide you with a wealth...

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Energy Tax Credits & Incentives

Cherry Bekaert’s Tax Credits and Incentives Advisory team – provides a full complement of energy...

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Fixed Asset Services

Unit of Property Determination In the case of a building, each building and its structural components...

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R&D Tax Credits

If your business is involved in applied research, or practical and technical problem solving, then...

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Martin Karamon

Principal, Tax Credits & Incentives Advisory Leader

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Daniel Mennel

Partner, Tax Credits & Incentives Advisory

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Ronald G. Wainwright, Jr.

Partner, Tax Credits & Incentives Advisory

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Brochures

Opportunity Zones Tax Services

Our Opportunity Zones Tax Services team can help you take advantage of all allowable tax...

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Expense Reduction Services

Cherry Bekaert offers Expense Reduction Services that include analysis, consultation, and implementation support. Learn more...

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Section 179D Energy-Efficient Tax Deduction for Architectural & Engineering Firms

Find out who and what qualifies for 179D Energy-Efficient Tax Deduction, how much is the...

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Section 45L New Energy Efficient Home Credit

Learn about the Section 45L New Energy Efficient Home Credit including, who qualifies, and how...

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R&D Credits for Marine Manufacturers

Discover how your marine manufacturing company can save money. Cherry Bekaert's Credit and Accounting Methods...

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Section 199A Frequently Asked Questions

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Credits & Accounting Methods: R&D Tax Credit at the State Level

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R&D Tax Credit for the Marine Industry

Learn about our R&D Tax Credit Services for the Marine Industry & contact us for...

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Section 179D Energy Efficient Tax Deduction: Answers to Frequently Asked Questions

Learn more about the 179D Energy Efficient Tax Deduction and how it may be able...

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Energy-Related Tax Consulting Services

Cherry Bekaert’s Energy Tax Services practice provides a full suite of energy-related tax and consulting...

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