Business Incentive Solutions
Profit Recovery and Smarter Cash Management
"We were so surprised when we received a huge check from the state. They did exactly what they said they would do. Could not thank BIS enough for all they did for our business..."
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A hidden and immediate source of cash for small & mid-size companies.
Creates a significant reduction to current and future years federal and state tax liabilities.
More than $7.5 billion in federal tax credit benefits are given out annually
Every successful company is potentially eligible for tax credits of some amount.
A business can take the credit for all open tax years, generally the last three years plus the current year.
Tax credits may carry forward 20 years.
A tax credit is an immediate
source of cash.
The BIS financial tax team has vast experience in structuring incentives and credits for our clients.
Businesses in many different industries routinely do work that qualifies for significant business development tax credits as they attempt to create products that are lighter, faster, or less expensive… or more durable, reliable, or precise.
Recent tax laws are taxpayer-friendly and bring valuable benefits. In addition to federal tax credits, many states offer a state tax credit as well. Tax incentives are broader than many companies realize, applying not only to product development but also to other activities and operations such as new manufacturing processes, environmental improvements, software development, and quality enhancements.
Federal tax credits provide permanent benefits to drive down effective tax rates and generate cash flow and represent a dollar- for-dollar reduction of your income tax liability. You can claim the tax credit in addition to any tax deduction you take for expenses.
Companies in many different industries can qualify for some business tax credits
The credits have become more attractive for small companies in recent years because they’ve been simplified, can be transferred in an acquisition, and can be taken retroactively. Certain costs incurred in years when a company has no income can be carried forward to offset taxes on future profits.
Credit and Incentive Services focuses on those tax credit programs that generate the most substantial local, state and federal benefits. Our professional team works directly with our consultants and clients to implement the most profitable credit and incentive transactions available. There are more than 7,000 federal, state and local credits and incentives! Smart accounting and CPA firms seek outside assistance to take advantage of these valuable business incentives.
Our financial tax team has vast experience in structuring these credits for our clients.
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