Tax Credits & Incentives
At both the federal and state level, tax credits and incentives are offered to promote job creation, specific business activity or growth in certain geographic areas. Credit opportunities arise from capital investments, personnel or job investments, research and development activity, and job-related training. In some instances, tax credits and incentives can be refundable or even sold directly to third parties, resulting in direct cash flow to our clients despite net operating losses. That said, navigating all of the opportunities and requirements of credits and incentives can be daunting without expert help.
As part of FML’s proactive approach to tax planning, we are always on the alert for ways in which these credits and incentives can add potential value to your bottom line.
In the area of R&D tax credits, FML has more than 30 years of experience providing comprehensive consulting and compliance services. This is one area where a solid working relationship can provide great returns. Working with you to identify, quantify and substantiate costs and activities that are eligible for both federal and state R&D tax credits is our specialty. The R&D tax credit has benefitted many FML clients’ businesses by helping to fund future advancements and operating expenses. We strive to provide our services in the least intrusive manner possible so that our clients can continue to grow their business and do what they do best.