Instead of looking to outside funding sources or reducing valuable equity to fund energy efficient upgrades or systems, it makes sense to enlist the skill and knowledge of qualified professionals to coordinate building improvement and incentives. Whether in the planning and design stages of a new facility or making decisions on retrofits or upgrades of existing commercial buildings, working with these pros may allow commercial building owners to not only pinpoint the most efficient improvements, but also create a cohesive plan to ensure that maximum tax benefits result from the capital expenditure.
Many business owners may assume that funding for building upgrades must come from dipping into equity in the facility, or from an outside funding source such as a bank loan. Fortunately, there are strategies that may be employed to pay for building upgrades by significantly lowering the tax liability including:
- Reclassification of Real Property (Cost Segregation)
- Tangible Property
- Past projects to capture §179D
Capital Discovery® can enable businesses to capture tax incentives that minimize the cost of performing their core functions. Our experts apply the proven strategies of the Capital Discovery® process to enable clients to:
- Reduce the cost of hiring by taking advantage of the Federal Work Opportunity Tax Credit
- Remain compliant with sales and use tax laws while avoiding the common problem of overpayment
- Capture substantial tax credits for qualified research and development activities
Choosing the right company, one which is reliable and experienced, when IRS and taxes are involved, is especially important. Capital Discovery® is the only holistic approach available to business owners combining engineering solutions, tax strategies, and financial analysis to maximize value for building owners and businesses. To find out more on achieving maximum savings for your business call us at 877.666.5539 for a pro bono analysis.