Are you a Engineering Firm feeling the financial strain of current tax changes?
The Challenge: Increased Tax Payments under Section 174
Engineering firms are facing a significant financial burden due to changes in Section 174 of the tax code. This provision now requires the amortization of R&D expenses over five years, rather than allowing them to be expensed immediately. The result? Increased taxable income and higher tax payments.
The Solution: Leverage the R&D Tax Credit
The good news is, the R&D Tax Credit can offset these increased tax liabilities. By identifying and claiming your qualifying research activities, you can significantly reduce your tax payments and reinvest in your business.
alliantgroup can help! Schedule time to meet today.
Why the R&D Tax Credit?
Immediate Savings
Lower your tax bill this year.
Boost Innovation
Free up capital to invest in
new projects.
Stay Competitive
Keep your edge in a fast-paced industry.
Find Out If You are Eligible
Let our tax credit consultants evaluate your business and help you understand how this tax credit can genuinely benefit you.
How alliantgroup Can Help
At alliantgroup, we specialize in maximizing R&D tax credits for engineering firms. Our team of experts will:
- Evaluate Your Activities: Determine which of your R&D activities qualify.
- Document Thoroughly: Ensure all necessary documentation is in place.
- Optimize Your Claim: Maximize your credit for the highest possible savings.
Don't leave money on the table.
With Section 174 impacting your bottom line, now is the time to act. Let alliantgroup help you navigate these changes and secure the tax savings you deserve.