Alignable
Monday, July 5, 2021
Re: Question for farmers and other business owners
Re: Question for farmers and other business owners: This sounds really interesting, but I still don't understand what you mean. I would very much like to save money while not paying such a huge amount of taxes. But in my opinion, it is difficult to avoid something like this in our world.
Re: Question for farmers and other business owners
Re: Question for farmers and other business owners: This sounds really interesting, but I still don't understand what you mean. I would very much like to save money while not paying such a huge amount of taxes. But in my opinion, it is difficult to avoid something like this in our world.
Saturday, June 12, 2021
Wednesday, February 24, 2021
Monday, February 8, 2021
Everything I Need to Know Cost Segregation Study
A cost segregation study permits commercial real estate owners to more rapidly depreciate personal property.
This results in significant cash flow benefits in both present and future years.
This benefit is a Federal program designed for business owners who own commercial properties, or have performed significant lease hold improvements.
90% of all commercial properties qualify for this program.
It provides an opportunity to significantly reduce federal taxes and improve cash flow.
See your benefits in 60 seconds, then show your CPA.
No upfront fee cost seg studies.
Thursday, January 28, 2021
Benefits of WOTC
This time the IRS extended the WOTC program for 5 years and expanded it quite a bit.
$1,200 on Average for Every Employee You Hire
$3,600 on Average for Every Employee You Have
$14,000 for Every Employee You Have If Your Company Was Affected by Covid
Our Software Searches Hundreds of Local, State, and Federal Tax Credits In Real Time... Every Time
The software does 90% of the work, requires no contract.
Friday, January 22, 2021
“R&D, I don’t think we do that!”
If, when you hear R&D, you think of people in lab coats tinkering with chemicals, ultra high tech industries and Fortune 500 companies, you are not alone. However, things have changed!
Way back in 2001 the IRS changed the definition of R&D and the changes were so broad that it virtually encompasses all manufacturing or technology organization in some way.
Why is this? It’s because, by and large what do manufacturing companies do? They design new products, improve existing products, come up with new processes, or make improvements to existing processes used to make products. Most of these organizations don’t have an R&D department and probably don’t consider that what they are doing is “R&D”. They are making these improvements and changes because they MUST stay competitive and yet, as the government sees it, “R&D” is exactly what they are doing.
Here are some of the everyday activities that would qualify for the credit:
Designing the process to fabricate the metal to reduce shrinkage and increase its quality
Programming CNC machines
3D CAD Engineering with programs like SolidWorks
Developing and testing of prototypes
Quality assurance – First-piece quality inspections
Designing and developing of specialty tooling and fixtures
Considering alternative metals to develop the product
Considering different metal thicknesses
Developing engineering drawings
Developing weld procedures
Bending of metal (e.g. sheet metal) has to consider the stressing and stretching
Considering strength of final product for application (meets specifications)
So, the next obvious question is…”How do We get some money?” The IRS allows companies to go back several open tax years to take advantage of the credits they may have missed. (Nice of them isn’t it?) Just 120 days after submitting the amended returns, you can get cash in your pocket. Additionally, you can take credits for current and future years if you continue to perform activities that qualify for this credit.
To find out if your organization would qualify ask yourself a few questions:
Are you expecting to be profitable this year, or were you profitable in any of the last 4 years?
Is your average annual payroll for these years in excess of $1 million?
Is your company structure a C Corp, or an S Corp/Partnership?
If you answered yes to any of these items then you definitely need to have an R&D Tax Consulting firm take a look at your organization. You could potentially have a five-figure credit, even higher credits are available for organizations with higher payrolls.
Take a few minutes and answer some simple questions at Business Refund
After you see the results you can schedule a call and bring anybody you wish to attend, or you can have a live chat M-F 9am-5pm EST or you can self-activate your savings.
Larry@BusinessRefund.com
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