Article
Identify tax savings with a MaxCredits® credits and incentives study
Dec. 20, 2024 · Authored by Rob O'Neill, Star Fischer
As a business owner, you’re always looking for ways to save money and boost your profits. Leveraging federal, state, and local tax credits and incentives is one way to do this. However, navigating the complex tax credits and incentives landscape can be challenging and confusing. How can you tell which credits and incentives your business is eligible for?
This is where a MaxCredits Credits and Incentives Study can help. It’s a credits and incentives assessment designed to help businesses identify and apply for the eligible credits and incentives, MaxCredits uncovers savings opportunities and transforms potential tax expenditures into positive cash flow.
Explore how this unique tool can benefit your business with insight on the MaxCredits Study, who’s eligible for it, the benefits it can provide, the process involved, and what triggers a study.
What is a MaxCredits tax credits and incentives study?
A MaxCredits Study provides clients with visibility into federal and state incentives to offer actionable strategies for pursuing and monetizing tax-saving opportunities. It recommends the credits and incentives to pursue by reviewing tax credits currently being claimed, as well as a high-level information regarding current business activities, growth, and future expansion or exit plans. Past, present, and future projects may be eligible and provide new or additional value-add tax credit opportunities.
Tax credits and incentives evaluated
A comprehensive review, the MaxCredits Study looks for opportunities in a wide range of business areas, including:
- Job creation, hiring, and wage-based credits
- Transferrable credits
- Research and development credits
- Energy based incentives, including clean and alternative fuel
- Capital projects and fixed assets
- Negotiated discretionary incentives, including cash grants and utility savings
Who’s eligible for a MaxCredits tax credits and incentives study?
Tax savings opportunities and compliance tips for Texans
The information provided here is of a general nature and is not intended to address the specific circumstances of any individual or entity. In specific circumstances, the services of a professional should be sought. Tax information, if any, contained in this communication was not intended or written to be used by any person for the purpose of avoiding penalties, nor should such information be construed as an opinion upon which any person may rely. The intended recipients of this communication and any attachments are not subject to any limitation on the disclosure of the tax treatment or tax structure of any transaction or matter that is the subject of this communication and any attachments.