State and local governments provide a wide range of incentives to encourage investment and job creation, offering tax benefits to businesses that leverage them when choosing the ideal location.
Negotiating and claiming credits and incentives can offer significant opportunities for U.S. companies expanding, relocating or consolidating operations, as well as for multinationals establishing a U.S. foothold. Tax credits and incentives vary significantly from one jurisdiction to the next, making planning and analysis critical.
BDO can help businesses lower costs and increase return on investment. We leverage our strong relationships with state and local economic development agencies to negotiate the best possible tax credits and incentives for our clients.
Our partner-led team includes experienced state and local tax advisors and knowledgeable industry professionals in offices across the U.S. With resources across the country, we are adept at helping clients select optimal locations that align with their unique business objectives and site selection criteria.
We help clients understand the complexities of tax liabilities and compliance obligations so they can get the most out of state and local tax credits and incentives.
How BDO Can Help
Secure financial incentive packages and discretionary incentives by leveraging relationships with economic development agencies.
Understand Economic Impact
Navigate the multiplier effect of tax credits and incentives by conducting an economic impact analysis and leveraging it during negotiation.
Enable Insight-Driven Decisions
Compare the benefits of different options for site selection through an analysis of both tax and financial operating cost by location.
Enhance Hiring Strategy
Harness employment tax credit services to support hiring targeted individuals.
Avoid Missed Opportunities
Help monetize tax credits and incentives fully by reviewing refunds for any overlooked opportunities or underutilized credits.
Learn how initiatives related to green energy and energy efficiency can qualify for sustainability credits and other tax (and non-tax) incentives.
State & Local Tax Health Check
Do you need a state and local tax health check? Review our checklist to assess your preparedness to address sales and use, state income and franchise, and property taxes – and determine whether you’re taking advantage of potential credits and incentives.
At BDO, you can do much more than fulfill your career ambitions — here, you can explore your full potential. That’s because we’re committed to helping our employees achieve on both personal and professional levels.