With precious time left this tax season, it is important that you take advantage of the tax credits available to you as a manufacturer. If you are a business owner and would like to significantly lower your tax liability then take the opportunity to read this free guide to accessing thousands in last minute tax savings.
Free Guide: Last Minute Tax Savings
Some Food for Thought...
- Only 1 out of 20 small and medium companies capture all of the eligible tax credits.
- You can deduct 20% - 65% of new building costs, but less than 5% of small business owners do.
- Only 7% of eligible businesses take advantage of applicable research and development credits.
- Our Clients save on average between $15,000 and $30,000 annually on their taxes.
What few business owners know is that there have been significant adjustments to the current Federal Tax Code, primarily through the PATH Act. The PATH Act, also known as, Protecting Americans from Tax Hikes was formed when Congress passed a new wide-ranging law for 2016 that extended many expired tax breaks many of which focus on small business tax savings. The new law does a lot more than just extend expired tax provisions for another year, it also makes many popular tax breaks permanent. The new provisions under the PATH Act provides some stability in planning.
For more information on how to access these credits, view our detailed guide for free.
Free Guide: Last Minute Tax Savings
