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.
Tax credits and incentives are offered by regulatory authorities to promote certain geographic areas, to promote job creations and to promote specific business activities. Credit opportunities arise from research and development activities, personnel or job investments, job related training and from capital investment. In some instances, tax incentives can be refundable and tax credits obtained can be sold to third parties resulting in cash flows to clients despite net operating losses. That is the reason, navigating these opportunities, incentives and requirements of credits can be daunting without expert help.
Business entities can overlook non-traditional methods to reduce their costs. When business operations climate run at lower levels then opportunities present themselves to utilize tax credits and incentives that impact the bottom line by the following:
- Reducing operational and business costs.
- Avoiding paying unnecessary taxes.
- Obtaining immediate tax refunds from authorities.
- Improving earnings before interest and tax, shareholder value and net income.
- Increasing 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 [email protected] or alternatively, contact our office directly.