ThreeFive Inc. has continued its expansion into Federal services that can greatly impact the bottom line on your annual Return. This has been a natural extension since we’ve spent the past decade extracting enormous amounts of data to recover over 80 million dollars for corporations of all sizes.
Corporate Tax Check List
Here is a quick summary of the key peripheral tax benefit services we provide.
1. Property Tax
Properly assessed real property is essential to paying the correct amount of property tax. Real property expertise and local jurisdictional experience delivers value to your organization.
2. Sales & Use Tax
Tax paid in error can be significant, especially in fast growing or large corporations where the A/P system is large and vendor errors are numerous.
3. Utility Consumption Audits
Especially useful when properly applied to corporations with manufacturing- or fuel-related operations.
4. Data Center Refunds
You can rest assured that ThreeFive will qualify, file complete paperwork, and defend claims for technology/ data center refunds owed to your corporation. Freeing you up to do what you do best is what we do. Quality is job one.
5. Federal and State Research Credits
Credits are gold. Many corporations are improving products or changing the way they do things and don’t even realize they might qualify for a credit.
6. Tax Compliance
If you are in an IRS or State audit, often times this can greatly affect your time and ultimately what you owe. There can be considerable tax savings in knowing how best to work through this process.
7. State Income Tax
State laws, regulations and case law provides many opportunities for organizations to minimize tax burdens. A review of these opportunities and your organizational structure and filing requirements may provide financial benefits.
8. Meals and Entertainment
Taxpayers are overlooking exceptions to the standard 50% disallowance and are inadvertently limiting fully deductible expenses that may be claimed up to 100%. If your schedule M has $1,000,000 or more on the M&E line, using an IRS-approved stat sample can nicely increase this line item.
9. Cost Segregation
This is a one-time adjustment on qualifying assets that can significantly help your bottom line and dramatically improve your cash flow.
10. Domestic Production Activities Deduction
An effective 3% reduction in your tax rate if you manufacture, produce, extract or grow a product. Engaging in domestic production activities (Internal Revenue Code §199), you may be entitled to an additional federal tax deduction amounting to 9% of your net income. Its determination can be simple or fairly complex depending on your business.