As modern technology advances at high speed, the construction industry continues to face increasing complexities associated with modern infrastructure. Our experts find and unlock federal tax incentives like R&D Tax Credits, 179D Tax Deductions, and Cost Segregation strategies. These help turn challenges into financial benefits.
Construction
Addressing the key challenges
Construction companies are often viewed as “builders.” However, they also act as innovators. This is true in methods, materials, energy efficiency, and design-build approaches.
With costs for materials, labor, compliance, and energy costs going up, it’s important to use tax incentives. These incentives can help reduce expenses. Businesses within the industry encounter difficulties like:
Construction projects must meet stricter energy codes. They also need to follow green building standards. There is a focus on reducing emissions and meeting sustainable design requirements.
There is a push to try new ways and materials. This includes modular and prefabricated parts, new insulation or foundation techniques, and sustainable or low-carbon materials. The innovations could result in tax credits for R&D.
Projects often require adherence to multiple codes and sustainability certifications that could meet 179D tax deduction guidelines. Ensuring that designs & construction meet or exceed these requires modeling, verification, and post-construction measurement.
<p>Construction projects must meet stricter energy codes. They also need to follow green building standards. There is a focus on reducing emissions and meeting sustainable design requirements.</p>
<p>There is a push to try new ways and materials. This includes modular and prefabricated parts, new insulation or foundation techniques, and sustainable or low-carbon materials. The innovations could result in tax credits for R&D.</p>
<p>Projects often require adherence to multiple codes and sustainability certifications that could meet 179D tax deduction guidelines. Ensuring that designs & construction meet or exceed these requires modeling, verification, and post-construction measurement.</p>
Expertise
How we can help to maximize your results
R&D Tax Credit
Construction firms that develop or use alternative construction methods could qualify for the R&D Tax Credit. Firms that innovate new materials, or design new structural or mechanical systems, may qualify for R&D Tax Credits. Our team of tax experts and engineers help to identify all qualifying projects to maximize your R&D credit.
Energy Efficiency Incentive
Construction firms that install building systems that reduce energy consumption can qualify for 179D for non-tax-paying entities. Working with our team of tax experts and energy modelers early is crucial to ensure savings thresholds are met.
Cost Segregation
When construction firms build or renovate commercial properties, many portions of costs are eligible for accelerated depreciation. Our experts will perform a Cost Segregation study. This study breaks down the total building cost. It assigns parts of the cost to shorter life categories. This can lead to big tax deductions and improve cash flow.
Transforming the Construction Industry
Our latest thinking tackling the current dilemmas facing the Construction industry and future solutions.
