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  1. Home
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  3. Tax
  4. Tax Credits & Incentives

Increase cash flow by minimizing tax obligations

Federal and state governments offer a number of tax credits and incentives. Clayton & McKervey’s team of tax professionals can help identify where they may be utilized to reduce tax liabilities, and increase overall cash flow.

Domestic Production Activity Deduction (DPAD)

DPAD is a tax deduction related to domestic production gross receipts, attributable to domestic production activities. Essentially, it is a deduction equal to 9% of the lesser: taxpayer’s taxable income or the qualified production activities income.

Interest Charge – Domestic International Sales Corporation (IC-DISC)

The IC-DISC is a tax deferral tool that can be used by U.S. companies exporting domestically produced goods. It is highly recommended that companies with a moderate amount of export sales explore the generous 15.8 percent tax savings the IC-DISC may offer.

Cost Segregation

Cost segregation is a tax savings tool allowing companies and individuals who have constructed, purchased, or remodeled business property, to increase cash flow by accelerating depreciation deductions, and deferring federal and state income taxes.

Location Services

Many areas implement economic development incentives to promote growth. Governments use these tactics to attract new companies, retain existing companies, and create new jobs. Identifying location incentives can be beneficial when aligned with company goals.

Continue reading about our tax services:
R&D Tax Credit
Tax

Tax structure
Federal tax
State & local tax
Personal tax
Other tax filings

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5 Common GAAP Violations

In the United States, the most common accounting framework for the preparation of financial statements is Generally Accepted Accounting Principles (GAAP). This framework provides a common set of rules in…

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Our team is always ready to help. Please contact us for more information.

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Sarah Russell

Shareholder, Tax

Contact Sarah   |   Read Sarah's bio

  • Featured Content
  • Related Insights

Increase cash flow by minimizing tax obligations

Federal and state governments offer a number of tax credits and incentives. Clayton & McKervey’s team of tax professionals can help identify where they may be utilized to reduce tax liabilities, and increase overall cash flow.

Domestic Production Activity Deduction (DPAD)

DPAD is a tax deduction related to domestic production gross receipts, attributable to domestic production activities. Essentially, it is a deduction equal to 9% of the lesser: taxpayer’s taxable income or the qualified production activities income.

Interest Charge – Domestic International Sales Corporation (IC-DISC)

The IC-DISC is a tax deferral tool that can be used by U.S. companies exporting domestically produced goods. It is highly recommended that companies with a moderate amount of export sales explore the generous 15.8 percent tax savings the IC-DISC may offer.

Cost Segregation

Cost segregation is a tax savings tool allowing companies and individuals who have constructed, purchased, or remodeled business property, to increase cash flow by accelerating depreciation deductions, and deferring federal and state income taxes.

Location Services

Many areas implement economic development incentives to promote growth. Governments use these tactics to attract new companies, retain existing companies, and create new jobs. Identifying location incentives can be beneficial when aligned with company goals.

Continue reading about our tax services:
R&D Tax Credit
Tax

Tax structure
Federal tax
State & local tax
Personal tax
Other tax filings

Our team is always ready to help.

Please contact us for more information.

Sarah thumbnail image

Sarah Russell

Shareholder, Tax

Contact Sarah   |   Read Sarah's bio

Why It’s Important to Classify Employees vs. Independent Contractors

An Important Reminder for Your Year-End Financial Check-Up Worker misclassification has been a long-standing issue because of the difficulty in…

Read more

5 Common GAAP Violations

In the United States, the most common accounting framework for the preparation of financial statements is Generally Accepted Accounting Principles…

Read more

Is April 15 Losing its Dreaded “Tax Day” Deadline Significance?

When is April 15 not really Tax Day? In 2017 – when taxpayer procrastinators can take advantage of a few…

Read more

Tax Return Due Date Reminder

The Highway and Transportation Funding Act of 2015 (the “Act”) contains several important tax provisions and set new due dates…

Read more

Trump’s Tax Plans – Current Law vs. The Possibilities

As the 2016 election cycle comes to a close and Republican nominee Donald Trump is elected to become the 45th…

Read more

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