Develop measurably smarter choices for growth.
By focusing exclusively on value-added tax services that complement your traditional tax and accounting team, NVIE can deliver quantifiable tax benefits to your firm. Our extended team of tax experts are experienced industry leaders and will determine which specialized tax programs will benefit your business. Our ability to work seamlessly with your team is the reason that many businesses choose to partner with Nevada Industry Excellence. Two commonly utilized tax incentives are listed below.
Accelerated Building Depreciation (Cost Segregation)
Cost Segregation is a commonly used strategic tax planning tool that allows companies who have constructed, purchased or remodeled any kind of real estate to increase cash flow by accelerating depreciation deductions and deferring federal and state income taxes. When you purchase a building, not only does it include the building structure, but it also includes all of the interior and exterior components. On average, 20% to 40% of those components fall into tax categories that can be written off much quicker than the building structure. A Cost Segregation Study dissects the construction cost or purchase price of the property that would otherwise be depreciated over 39 years. The primary goal of a Cost Segregation Study is to identify all property-related costs that can be depreciated over 5, 7 and 15 years. The benefit of working with the team at NVIE is that we often develop a much better understanding of your business processes and facility than other firms who might offer a similar service.
Federal Research & Development Tax Credit
The R&D Tax Credit, first enacted in 1981, has been one of the most valuable credits leveraged by companies. Every year, the R&D credit yields billions of dollars in federal benefits to companies engaged in qualifying research. Thousands of companies take advantage of the credit across several industries including manufacturing. Working closely with the team at NVIE we will ensure that all of your qualified activities are properly identified and that the IRS’s four-part test is met for each. As such we will maximize your potential benefits which may include the following.
- Improved cash flow.
- Increased earnings-per-share.
- Reduction of effective tax rate.
- Carry forward of the tax credit for up to 20 years.
- Dollar-for-dollar reduction in Federal Income Tax liability.
- Look back studies may identify unclaimed credits for the prior 3 or 4 tax years.