These tax strategies can generate meaningful, ongoing tax savings for businesses implaced by the pandemic, for owners of commercial and rental real estate, and for building owners that invest in energy efficiency measures.
Employee Retention Tax Credit
The Employee Retention Tax Credit (ERTC) is a refundable tax credit that businesses can claim for 2020 and 2021 on qualified wages paid to employees. If your business was involved in a government-mandated shutdown, or has decreased revenue compared to quarters in 2019, you may qualify for the ERTC tax credit.
Cost Segregation Analysis
Cost Segregation is a tax strategy that commercial property owners use to reduce their tax burden and increase cash flow. If you’re a real estate owner or investor, BRS could help you significantly reduce your taxable income now and years into the future by completing a Cost Segregation analysis.
Section 179D Tax Deductions
If you are the owner of a commercial building, or were involved in the design or construction of a government owned building, you may qualify for tax deductions of up to $1.80 per square foot for energy-efficiency improvements.
Professionals you can rely on
Dave Fleischer leads the R&D Tax Credit team at BRS. He works with small to mid-size businesses to determine how they can qualify and receive hundreds of thousands of dollars in R&D tax credits. Dave has a proven track record of helping companies take advantage of IRS regulations that significantly reduce current and future Federal and State tax liabilities. He is committed to providing exceptional service and expertise to his clients.