Specialty Tax Studies

The tax professionals at The LBA Group are highly experienced in many of the more specialized tax studies that may pertain to you and your business.  We often uncover opportunities for our clients to take advantage of specific tax credits that can result in substantial tax savings, which ultimately has a positive impact on your bottom line.

A Cost Segregation Study is an in-depth strategic tax tool used to re-evaluate appropriate tax lives associated with construction projects.  The goal of a cost segregation study is to maximize depreciation by determining if certain costs typically classified as 39-year property can be attached to assets with a shorter depreciation life (5-year, 7-year, or 15-year).  Read more.

The Interest Charge – Domestic International Sales Corporation (IC-DISC) Tax Credit is an overlooked but potentially lucrative tax benefit for profits from business export sales.  Knowledge of the benefits the IC-DISC provides may also allow an exporter to more competitively price its export products.  Read more.

The Federal Research and Development Credit is typically equal to 6.5 cents of every dollar of qualifying innovation costs, including salaries, supplies and a percentage of outside consulting fees. It is estimated that U.S. closely-held businesses claim less than 50% of this potentially lucrative benefit that Congress clearly intended for them to have. The question is why?  Read more.

State and Local Tax.  While federal tax rates have decreased over the last few years, state and local tax rates, and the enforcement of compliance, have increased.  In fact, state and local taxes can significantly impact your business’ cash flow, effective tax rate and risk profile.  Read more.