Bringing clarity to your taxes
The tax landscape for businesses grows more complex every year. It’s more important than ever for businesses to maintain precise tax accounting and ensure compliance with regulations—all while minimizing their tax burden. And they need to do this with a minimal investment of time and resources.
Brady Ware’s tax specialists understand and stay on top of this complex environment. Many of our tax experts have “Big Four” experience, as well as industry-specific knowledge, that will help you arrive at tax solutions for your business. Our solutions will keep you compliant, minimize your tax burden, and free up the capital your business needs to grow and thrive.
Cost segregation studies to realize tax savings and increase cash flow.
Tax credit consulting (Employee, Research and Experimentation,
and state and local incentives) to leverage incentives and credits for business benefit.
State and local tax minimization to identify creative tax solutions that generate significant savings.
International tax, accounting, and consulting services to develop strategies to minimize total international taxes.
Real property represents one of the largest investments your business will ever make. If you’re not handling it correctly from a tax perspective, you could be paying significantly more to the IRS each year than necessary and facing a tighter cash flow as a result.
At Brady Ware, we help large and small companies perform cost segregation studies. In short, we help you identify asset costs—equipment, furniture, and fixtures—that are buried in building costs. Then, we reclassify those assets to the shortest allowable depreciation life, allowing you to maximize your depreciation deduction and lower your taxes.
To do this, our engineering, construction, and tax experts:
Some tax firms outsource cost segregation work to a specialty firm. At Brady Ware, we will collaborate with you to uncover potential cost savings. When necessary, we partner with one of the country’s leading engineering companies to complete detailed engineering analyses.
We’ve performed hundreds of cost segregation studies over the past 10 years, generating millions of dollars in financial benefits for our clients. We’re often able to reclassify as much as 20% to 55% of building and real estate assets, depending on your facility’s use.
Sadly, most federal tax credits available to businesses go unclaimed because of the cost, complexity, and time required to access them. The potential savings simply do not justify the laborious effort involved. But what if your business could hand off the calculation and administration of these federal credits to a trusted business advisor?
A strategic partnership with us allows your company to take advantage of alliance partner’s technology and its processing center’s years of experience. This list shows only a few of the many sources of unclaimed dollars available to businesses:
Brady Ware’s expert tax team brings significant experience in identifying business activities that may qualify for the Research and Experimentation Tax Credit. This credit is not a deduction. Instead, the credit is used as an actual reduction of your income tax liability. Our review will ensure that you receive any share of this valuable credit for which you may qualify, thus giving your business a competitive advantage and improving cash flow.
Brady Ware’s tax team will review all aspects of your business to determine which activities qualify for the credit. We can assist your business in either applying for the credit for the first time or maximizing the credit you already receive.
The federal government and many state tax authorities have provided a credit for businesses that invest in research and experimentation. The definition of costs qualifying for the credit is different than what many businesses view as customary research and development activities. Creating new products, developing process changes, and implementing new manufacturing methods are common credit activities.
Brady Ware’s tax team will partner with you to develop a customized approach to your credit study. Examples of our credit services include:
In today’s competitive environment, many companies are looking to reduce expenses and cut costs. With the pressure to do more with less, many companies lack the in-house expertise or cannot afford to dedicate staff time to identify and manage their state and local tax issues. In addition, state tax departments are adding audit staff to search for additional tax revenues making it even more important for companies to be aware of their tax situation.
Our Big Four experience can assist your company in providing clarity to the otherwise daunting world of state and local tax.
We can provide tax expertise in:
General State and Local Tax Services for All Tax Types
Sales and Use Tax
Income and Franchise Tax
Credits and Incentives