Purdue University's Manufacturing Extension Partnership has joined forces with SourceCorp to provide tax-saving strategies to our clients. Purdue MEP's R&D Tax Credit Services will help manufacturers and others minimize costs and bring cash infusion to finance stability and growth.
R&D Tax Credit
The R&D Tax Credit can produce substantial incentives for companies who have devoted time and resources to new or innovative products or manufacturing processes, improvement of existing products, patent development, software development, design and engineering staff, prototyping, modeling and trial-and-error testing.
Cost Segregation Studies
Companies that benefit include those who have acquired a building and/or improved an existing facility. Cost Segregation is a tax-saving strategy for those who have built, purchased or renovated a building in the past 10-15 years. This strategy accelerates the manner in which the investment costs of the facility are recovered.
Inventory Tax Strategies
Companies with a minimum of $2M of inventory can benefit. Examples of inventory classifications that could benefit include: chemicals and allied products (paint, pharmaceuticals, resins), rubber and plastic products, building materials and hardware, nonmetallic mineral products (concrete, asphalt), machinery and equipment, furniture, and certain metal products.
Commercial Building “Green” Tax Deductions.
Those who can benefit include companies making energy conservation and efficiency improvements to their buildings or constructing new energy-efficient buildings. Businesses are eligible for an immediate deduction of expenses attributable to qualified energy-saving improvements to commercial buildings up to $1.80 per square foot.
Since 1983, SourceCorp has helped clients achieve the maximum tax benefit allowed by law. We make otherwise time-consuming, complicated and highly specialized tax benefit opportunities readily available to our clients. Our sophisticated, yet automated processes ensure accurate, consistent, cost effective and timely results. Our expertise is reflective of Big Four accounting firms. We help our clients maximize state and federal tax incentives, increase cash flow, minimize tax payments, and increase ROI.
For more information contact:
Purdue MEP at email@example.com or (800) 877-5182.