Capital Investment Incentive Planning
Every state and jurisdiction has to compete to attract new businesses. Many offer incentives, ranging from tax credits to cash grants, to stimulate capital investment. But companies need to plan ahead to capitalize on these opportunities. These incentives must be negotiated in advance, and companies usually have to prove there is out-of-state competition in order to qualify. Often, the number of jobs associated with the investment determines the size of the incentive offered.
The rules around these incentives vary from jurisdiction to jurisdiction, and they are sometimes negotiated on a case-by-case basis. RSM has worked with companies in a wide range of industries in locations across the country to capitalize on these opportunities. We have developed an approach that aligns with the capital investment lifecycle from planning through execution.
In addition to statutory investment incentives, many states offer discretionary investment tax credits negotiated directly with companies to encourage investments in their communities. RSM can help you identify and negotiate these opportunities to improve the overall return on your capital investments.
A growing workforce requires human resources, payroll and tax to work together. Learn risks and opportunities that come with new employees.
CCA departs from prior guidance in its advice on the correct legal standard applicable to credit qualification of internal use software.
Businesses expanding or increasing activity in their current state or in new states should consider the benefits of state tax credits.
When developing plans to expand or improve facilities, manufacturers should take an approach that includes analysis of tax opportunities.
Pay attention to the legislative changes and other tax concerns that affect 2016 tax compliance and 2017 tax planning. Download our guide.