Since 1983, SourceCorp Professional Services has helped companies pay less tax and save more money by implementing specialized tax solutions including the R&D Tax Credit, Cost Segregation Studies, Inventory Tax Strategies, and Energy-Efficient Commercial Building Tax Deductions.
R&D Tax Credit
Your company may qualify for the R&D tax credit if you have invested time, money and resources toward developing new products or improving existing products, developing new materials, building and testing prototypes and models, developing new or improved software applications, testing new concepts, experimentation and more.
Cost Segregation Studies
Cost segregation provides accelerated depreciation benefits, improved cash flow and reduction of tax liability. Any building that has been constructed, acquired or renovated in the last 15 years, by a tax-paying company that does not show an operating loss or that will be profitable in the near future may qualify.
EPAct §179D Tax Deduction
The EPAct §179D Tax Deduction is a strategy available for new construction and existing buildings as well as for tenant-owned improvements, certain rental apartment buildings, and primary designers of government-owned buildings. It is specifically for lighting, HVAC and hot water systems, and building envelope and provides a deduction of up to $1.80 per square foot.
LIFO Consulting
Inventory tax strategies such as LIFO and IPIC LIFO subtract inflation from inventory costs, increasing cost of goods sold and decreasing taxable income. This increases cash flow by allowing a company to pull cash from idle inventory.
For more information on any of these tax saving strategies, call 817-732-5494 or visit SourceCorp at www.sourcecorptax.com.