KBKG can help you quickly identify if you are a candidate for several key tax credits and deductions. Please fill out the following form(s) to determine your eligibility for these commonly overlooked tax saving opportunities:

Research & Development Tax Credit

The R&D Tax Credit is for any company that spends time developing new, improved and more reliable products, software, processes, and formulas. The credit is worth roughly 10 % of total qualified R&D expenses and many states also offer R&D tax credits.

Example: Client has $500k/year of wages related to R&D = $50k in gross credits per year.
 
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R&D Tax Credit Benefit Calculator

Our calculator can give a quick and easy estimate on Federal and State R&D Tax Credit your client could be entitled to.

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R&D Payroll Tax Credit Calculator for Small Businesses and Start-Ups

Our calculator is another way to offer value-added solutions for your clients, offsetting payroll tax by claiming R&D tax credits.

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Cost Segregation

If you have purchased, constructed, or remodeled a building in the last 15 years and spent more than $750,000, a Cost Segregation Study could benefit you. The net present value is roughly 5% of total building cost.

Example: $2M office building (no land) = net present value of $100K
 
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Free Cost Segregation Savings Calculator

The Cost Segregation Savings Calculator estimates your federal income tax savings from a cost segregation study. It provides estimated allocations to each asset class and shows tax savings by year. Enter your building details and instantly receive a detailed report showing your potential tax savings.

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Residential Cost Segregator®

The Residential Cost Segregator™ is an online software program that allows CPA’s to generate custom reports in just minutes, providing tax benefits to clients without hiring a specialist. The software is available for residential rental properties up to 6 units with a depreciable tax basis of $500,000 or less (purchase price less land).

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Condo Tax Basis Allocation

A Condo Tax Basis Allocation Study for mixed-use projects uses engineering based techniques to maximize cost allocations toward the residential condominiums, thereby lowering taxable gains when each unit is sold. Consider hiring a Certified Cost Segregation Professional (CCSP) to perform this type of analysis for any mixed-use condominium development project over $5 million.

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IRC 45L - Energy Credit for Residential Developers

If you have constructed or substantially renovated an apartment, condominium, or single family residence development of 15 units or more since 2006, you could be eligible for the Section 45L Energy Tax Credit, yielding $2,000 per dwelling unit.

Example: 100 unit apartment/condo = $200,000 of federal tax credits
 
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IRC 179D – Energy Incentive for Commercial Buildings, Architects, and Designers

IRC 179D - Energy Deductions for Commercial Buildings Owners
If you have constructed or substantially renovated any commercial property since 2006, you could be eligible for the Section 179D Energy Efficient Commercial Buildings Deduction, yielding up to $1.80 per square foot in deductions.

IRC 179D - Energy Deductions for Architects and Designers
If you have implemented energy efficient designs for government-owned buildings, such as public schools, airports, courthouses, and libraries since 2006, you could receive a tax deduction of up to $1.80 per square foot.

Example: 100,000 sq. ft. building = $180,000 in deductions
 
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Repairs vs. Capitalization Review

If you have renovated your building after owning it for at least one year, you could be eligible for significant deductions under the new Repair and Retirement rules.

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Partial Disposition Calculator

If you have spent significant dollars on capital improvements to your building, you are eligible for a partial disposition deduction on the components removed.

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California Competes Tax Credit

California offers a state income tax credit for growing businesses. The business must have expansion plans to create jobs in California over the next five years or be at risk to leave California. The tax credit award process is a four part program with a quantitative analysis phase, a qualitative analysis phase, a negotiation phase and a committee hearing.

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Fixed Asset Capitalization Reviews

If you have more than $50 million dollars in fixed assets on your ledger that has never been fully reviewed in detail by a 3rd party specialist, a Fixed Asset Capitalization Review could benefit you.

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IC-DISC Federal Export Tax Incentive

Benefits are available to qualified producers or distributors that are either directly involved in exporting, or selling products to distributors or wholesalers who resell for use outside of the U.S. This includes traditional manufacturers as well as those who grow agriculture products, extract minerals, distribute U.S. made goods, and develop software. Engineering and architectural services related to foreign construction projects are also included.

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IC-DISC Calculator

The IC-DISC provides significant and permanent tax savings for producers and distributors of U.S. made products used abroad. Determine if an IC-DISC can benefit your company by trying our free calculator now.

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