MTEC is partnering with Source Advisors to help your business uncover savings and improve your bottom line. Source Advisors has partnered with companies and CPA firms to help maximize government-sponsored tax credits, deductions, and incentives for nearly 40 years. Their nationwide team of experienced CPAs, attorneys, engineers, technology experts, and Big Four professionals have the expertise required to determine your specialized tax solutions. The Source Advisors team is made up of experts in the legislation that governs these incentives and assist CPA firms, companies, and property owners navigate the laws that continue to evolve and change.

RESEARCH & DEVELOPMENT TAX CREDIT

The R&D tax credit is a strategy that provides an immediate source of cash. Your company may qualify for the credit if you have invested time, money and resources toward developing new products, improving existing products, developing new materials, building and testing prototypes and models, developing new or improved software applications, testing new concepts, experimentation and more. The credit is not a deduction—it is an actual dollar-for-dollar credit against taxes owed or paid.

COST SEGREGATION STUDIES

If you own or lease a building, cost segregation is a powerful strategy that uses a detailed engineering-based analysis to reduce federal taxes. Cost segregation provides accelerated depreciation benefits, improved cash flow and reduction of tax liability. Any building that has been constructed, acquired or renovated in the last 15 years, by a tax-paying company that does not show an operating loss or that will be profitable in the near future may qualify. For assets placed in service in the last few years, there may be special bonus depreciation for shorter life property.

Are you interested in this service and would like to sign up or learn more? Reach out to our Director of Administration, Phyllis Levine, at (845)391-8214 Ext. 3001, via email to phyllis.levine@hvtdc.org, or fill out the form below: