Credits and Incentives
An extra return on your investments
RSM's credits and incentives team provides a broad range of services to help clients identify and secure credits and incentives across the full spectrum of federal, state and local programs. We can help you evaluate each of the areas that trigger opportunity:
- People – including hiring, retaining and training incentives
- Investments – including research and development tax credits, state investment credits, renewable energy incentives and certain real estate investment incentives
- Operations – including a variety of energy and sustainability programs, manufacturing and production incentives, and excise tax exemptions and credits
In addition to the many statutory programs that exist, there are often opportunities to negotiate incentive packages that may combine statutory, discretionary and custom incentives. We help our clients build credits and incentives investigation into their strategic process because these opportunities are often lost if you don't pursue them before you begin your activities.
The IRS released a notice extending and clarifying safe harbors for determining when facilities are deemed to have begun construction.
IRS provides interim guidance defining chassis and body for purposes of the excise tax on the first retail sale of heavy trucks and trailers.
Businesses expanding or increasing activity in their current state or in new states should consider the benefits of state tax credits.
Video subscription package ineligible for domestic production activities deduction; however, each film may be considered as a separate item.
When developing plans to expand or improve facilities, manufacturers should take an approach that includes analysis of tax opportunities.
A loss on the sale of equipment used to produce qualifying production property should be allocated to non-DPGR for purposes of the DPAD.
Pay attention to the legislative changes and other tax concerns that affect 2016 tax compliance and 2017 tax planning. Download our guide.
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