More return on your investments
Every business needs to invest to grow. Federal, state and local tax jurisdictions offer incentives to stimulate certain investments or encourage those types of investments in their communities. RSM has helped clients across the country identify and realize a broad range of investment incentive opportunities and has the proven experience and tested methodologies to help your company explore a broad range of tax planning opportunities.
Key investment credit and incentive opportunities include:
Taxpayer favorable changes to the Virginia R&D Tax Credit were recently passed that provide additional benefit to Virginia taxpayers.
The research tax credit is a valuable tax savings opportunity. Ensure your business benefits by knowing the activity that may qualify.
If your business has investment properties or is a pass through entity serving as a conduit to passing through qualified rehabilitated expenditures to another entity, new IRS advice may impact your filing for the section 47 rehabilitation credit.
Misconceptions about the federal research and development tax credit leave many companies paying more tax than required.
Favorable rules enabling taxpayers to claim the R&D tax credit on developing prototype equipment may be sabotaged when the taxpayer does not use the proper tax accounting method for the associated research and experimentation (R&E) expenditures under section 174 of the Internal Revenue Code.