It is a proven fact that more than 50% of credits and incentives go unclaimed annually. MHSS wants to ensure that these opportunities are never missed. Our professionals have extensive experience identifying and securing credits and incentives in every industry segment.
MHSS's Tax Credits and Incentives Services practice can help your business reduce costs, generate refunds and provide the advice to unlock and secure favorable incentives packages. We can help identify tax and non-tax savings opportunities for job creation, research, training and other qualified expenditures.
At both the federal and state level, tax credits and incentives are offered to promote job creation, specific business activity or growth in certain geographic areas. Credit opportunities arise from capital investments, personnel or job investments, research and development activity, and job-related training. In some instances, tax credits and incentives can be refundable or even sold directly to third parties, resulting in direct cash flow to our clients despite net operating losses. That said, navigating all of the opportunities and requirements of credits and incentives can be daunting without expert help.
Busy companies can overlook non-traditional methods to reduce costs. When operations and the general business climate run at lower levels, opportunities present themselves to utilize tax incentives that impact the bottom line by:
- Avoiding paying unnecessary taxes.
- Obtaining immediate tax refunds.
- Reducing operational costs.
- Improving earnings before interest and tax, net income and shareholder value.
- Enhancing the economic value of company initiatives.
As part of MHSS’s proactive approach to tax planning, we are always on the alert for ways in which these credits and incentives can add potential value to your bottom line. Our team will provide representation to support the amount of the credit in the event of an examination by a taxing authority.
We would be delighted to discuss how we can help you, and your group or company. Please get in touch and contact MHSS at firstname.lastname@example.org or alternatively, contact our office directly.