R&D Tax Credits Explained
Managing your business’ state tax exposure has never been more difficult. With traditional revenue sources dwindling, states and municipalities are aggressively seeking to tax interstate commerce, and the trend toward state taxation of e-commerce is changing the playing field and making taxation even more complex for many growing businesses.
Bennett Thrasher’s state and local tax (SALT) experts simplify tax compliance for our clients while helping them take advantage of every opportunity to reduce their state and local tax burdens. Our professionals serve as responsive, trusted advisors to our clients, providing proactive tax strategies that better navigate the ever-changing SALT landscape and take advantage of every opportunity to reduce their state and local tax burdens.
If you’re looking for a partner to help mitigate your risks in this increasingly uncertain tax environment, our state and local tax experts can help. Contact Stephen Bradshaw, DiAndria Green, Brian Sengson, or Peter Stathopoulos or to schedule a consultation.
Staying ahead of state and local tax developments and filing requirements can take a lot of time and effort. Our state and local tax advisors can ensure you and your business are taking the proper measures by:
Our SALT professionals specialize in this rapidly changing area of taxation and continue to work closely with economic development authorities to shape legislation and regulations for our clients.
Tracking the state and local tax trends, policies and regulations across the U.S. can be overwhelming for any business. Fortunately, the sales tax professionals at Bennett Thrasher know that complexity creates opportunity, and can help simplify and automate sales tax compliance through the use of sales tax software. Our SMART Compliance services include:
Our team helps you navigate the process of sales tax automation, from selecting the right sales tax automated software solution to implementing it into your accounting systems.
By leveraging BT’s sales tax compliance knowledge in addition to implementing the right software solution, you can manage your exposure with ease and confidence.
Tracking the state and local tax trends, policies and regulations across the U.Many states offer generous credits and incentives that your business may qualify for. Our state and local tax experts can help identify and recommend relevant credits and incentives via a complimentary assessment. Credits and incentives we can assist with include:
If your business is growing or looking to relocate, many states, cities and counties often provide tax credits to help offset the payroll or infrastructure investment. States even provide various ways to utilize credits, such as through state income tax or payroll withholding taxes. Our state and local tax advisors specialize in these tax credit calculations in an effort to maximize the resulting credits.
Property tax doesn’t have to be a fixed operating expense. If the taxable assessed value of your business’s real or personal property is higher than its current fair market value, we can help you challenge the assessment and take advantage of abatements, exemptions and other tax-mitigation opportunities to reduce your property tax expense.ce.
Staying ahead of state and local tax developments and filing requirements can take a lot of time and effort. Our state and local tax advisors can ensure you and your business are taking the proper measures by:
Our SALT professionals specialize in this rapidly changing area of taxation and continue to work closely with economic development authorities to shape legislation and regulations for our clients.
Tracking the state and local tax trends, policies and regulations across the U.S. can be overwhelming for any business. Fortunately, the sales tax professionals at Bennett Thrasher know that complexity creates opportunity, and can help simplify and automate sales tax compliance through the use of sales tax software. Our SMART Compliance services include:
Our team helps you navigate the process of sales tax automation, from selecting the right sales tax automated software solution to implementing it into your accounting systems.
By leveraging BT’s sales tax compliance knowledge in addition to implementing the right software solution, you can manage your exposure with ease and confidence.
Tracking the state and local tax trends, policies and regulations across the U.Many states offer generous credits and incentives that your business may qualify for. Our state and local tax experts can help identify and recommend relevant credits and incentives via a complimentary assessment. Credits and incentives we can assist with include:
If your business is growing or looking to relocate, many states, cities and counties often provide tax credits to help offset the payroll or infrastructure investment. States even provide various ways to utilize credits, such as through state income tax or payroll withholding taxes. Our state and local tax advisors specialize in these tax credit calculations in an effort to maximize the resulting credits.
Property tax doesn’t have to be a fixed operating expense. If the taxable assessed value of your business’s real or personal property is higher than its current fair market value, we can help you challenge the assessment and take advantage of abatements, exemptions and other tax-mitigation opportunities to reduce your property tax expense.ce.
“The transfer pricing audit ended after the German tax authorities reviewed our Local File. It might have been the best money I have ever spent.” – Feedback from Finance Director of Irish Multinational in Healthcare Industry following a transfer pricing audit in Germany
“Ben and his staff have been fantastic. They have been very professional and extremely patient as we navigate through our transaction and the planning process.”
“We are incredibly grateful for the partnership, support and collaboration of you and your team…Your professionalism and collaboration truly made the difference for the Company, our teams and our leaders.”
“As always, we very much appreciate your hard work and the hard work of the entire BT team.”
“In the past, I have used two of the top four national accounting firms for advice. I have found Jeff Call’s firm Bennett Thrasher, the most responsive, always available and very, very helpful. Once I’m not around, I’m certain my state trustee will continue to rely on Jeff’s firm.”
“Bennett Thrasher provided exceptional second mile audit services for Trilith Studios. Their team was thorough, knowledgeable, demonstrated a high level of attention to detail and provided clear communication throughout the entire process. We highly appreciated their collaboration and the professional service they provided throughout the entire audit process.”
“Just when you have self-assessed your company to possibly be the worst client ever, the Staff at Bennett Thrasher make you feel like you are their most important and beloved client. That ability is an attribute you don’t see in many accounting firms.”
R&D Tax Credits Explained
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