Engineering firms do more than create blueprints. They solve technical problems and design systems for buildings and infrastructure. They also take risks to innovate.
Our experts can help engineering firms. We do this by combining investments in innovation with energy efficiency and smart asset management. This approach can lead to tax incentives such as 179D Tax Credits and savings through Cost Segregation to increase cash flow.
Engineering
Addressing the key challenges
Engineering is paramount to innovation, whether it’s automotive parts, green energy applications or even video games. Many companies that innovate their products, processes, or services do not fully use the tax incentives they earn. Businesses within the industry encounter difficulties like:
Engineering projects often need to balance functionality, safety, durability, and cost. Whether developing new materials or structural systems, there’s almost always experimentation, iteration, modeling and prototyping. These activities incur costs, but are essential to staying competitive.
There are more rules about how we use energy. We need to focus on sustainability and carbon footprints. Because of this, energy efficiency is essential now. It is important to stay competitive. Some building improvements that lower energy costs qualify for 179D Tax Deductions.
Engineering firms often buy, own, or lease buildings with different systems and equipment. Upgrading these, or acquiring new specialized assets, creates opportunities for depreciation through Cost Segregation, but only if they are properly classified and documented.
<p>Engineering projects often need to balance functionality, safety, durability, and cost. Whether developing new materials or structural systems, there’s almost always experimentation, iteration, modeling and prototyping. These activities incur costs, but are essential to staying competitive.</p>
<p>There are more rules about how we use energy. We need to focus on sustainability and carbon footprints. Because of this, energy efficiency is essential now. It is important to stay competitive. Some building improvements that lower energy costs qualify for 179D Tax Deductions.</p>
<p>Engineering firms often buy, own, or lease buildings with different systems and equipment. Upgrading these, or acquiring new specialized assets, creates opportunities for depreciation through Cost Segregation, but only if they are properly classified and documented.</p>
Expertise
How we can help to maximize your results
R&D Tax Credit
Engineers often perform qualifying research in new or improved designs, prototypes, modeling, simulation, testing or solving technical uncertainties. Many engineering firms are not claiming enough. Our R&D Tax Specialists will document these activities correctly and help you save money.
Energy Efficiency Incentives
Engineering firms that design or specify building systems can often benefit from Section 179D, especially under its expanded rules. Our team of tax experts and engineers find, model, and provide the 179D Tax Deductions your firm can get for these building updates.
Cost Segregation
When an engineering firm owns buildings, facilities, or special equipment, Cost Segregation can help. It allows the firm to change some parts of the property to have shorter tax lives. Our experts streamline the claiming process to help speed up depreciation deductions and improve your early-year cash flow.
Transforming the Engineering Industry
Our latest thinking tackling the current dilemmas facing the Engineering industry and future solutions.
