Tax Incentives
Our multi-state tax professionals concentrate on helping businesses identify and obtain the most beneficial incentives and exemptions. We review a number of factors, including location, environmental issues, employment base and skills, business climate, and industry and community needs to help identify opportunities that may be available to your business.
Government units are continually changing the eligibility criteria and programs available, depending on the need to attract development or investment. Many businesses do not have the resources to identify and track the incentive programs available, let alone determine those that may maximize their tax and cost savings.
BDO has the professionals and resources necessary to assist clients in identifying programs and developing planning ideas that fit their business needs and are designed to maximize your cost savings. We can also provide assistance in applying for and obtaining the necessary incentives, and integrating those incentives with your business' tax compliance processes.
Some of the incentives or exemptions available may include:
- Income/franchise tax credits and exemptions
- Sales tax refunds and exemptions
- Property tax abatements and exemptions
- Cost reimbursements for desired activities
- Training grants
- Favorable financing
- Negotiation of infrastructure costs
