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  • rd001
    R&D Tax Credit
    Many companies perform work that qualifies for the Research and Development Tax Credit. The R&D tax credit is a government-sponsored economic incentive backed by Congress and the administration.
  • gb001
    179D Energy-Efficient Tax Deduction
    EPAct §179D is an incentive for architects that create sustainable designs for public schools, government or municipal buildings.
  • cs001
    Cost Segregation
    If your company constructed a new facility, acquired an existing facility, performed construction leasehold improvement, or renovated an existing facility you may be paying too much federal income tax.
  • lifo001
    LIFO
    IPIC Method May Minimize Impact for 2009 - Call us now to find out how your company can benefit from switching to the IPIC LIFO accounting method.

SourceCorp News

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Recommendations on §179D Deduction for A&E Firms Under Consideration by Treasury

May 19,2010 -- In a meeting with Treasury on May 19, SourceCorp made recommendations on the §179D tax deduction with regard to how it can be taken by A&E firms

 

Refundable NY State Tax Credit is Windfall for Small Companies

 

The LIFO Coalition - Legislative Update

The President included LIFO repeal again in his Fiscal Year 2011 budget (released in February), proposing full repeal for all businesses regardless of industry or size.

 

The R&D Tax Credit Plays Hard to Get

A 2003 law change was supposed to expand the credit, but small businesses report that approval is getting tougher.

 

The Tax Man Deducteth

Energy-efficient architecture isn’t just good for the environment—it also can be good for your firm’s bottom line, thanks to the §179D tax write-off.

 

LIFO Coalition Lays Out Plan to Prevent LIFO Repeal

Not unexpectedly, President Obama again included a proposal to fully repeal LIFO in the budget he submitted to Congress in February.

 

Does LIFO Still Make Sense In This Threatening Environment?

Many businesses not already on LIFO are wondering whether adopting LIFO makes good financial sense given the Administration's current LIFO repeal efforts.

 

LIFO in a Deflationary Market

Since 1939, thousands of companies across multiple industries have used LIFO as their method of inventory accounting. Where LIFO is concerned inflation is good, but deflation is bad.

EPAct §179D tax deduction for architects

EPAct §179D is an incentive for architects that create sustainable designs for public schools, government or municipal buildings.

R&D Tax Credit

The R&D Tax Credit can produce substantial incentives for companies who have devoted time and resources to new or innovative products or manufacturing processes.

Cost Segregation

The principle goal of a cost segregation study is to increase cash flow from constructed buildings, purchased properties and renovations by accelerating depreciation.

LIFO Accounting

Inventory tax strategies such as LIFO and IPIC LIFO subtract inflation from inventory costs, increasing cost of goods sold and decreasing taxable income thus increasing cash flow.

SourceCorp Professional Services offers specialized tax services that maximize state and federal tax incentives, increase cash flow, minimize tax payments and increase ROI. SourceCorp is the nation’s leading provider of specialized tax services including LIFO Accounting, R&D Tax Credit Studies, Cost Segregation Studies and EPAct §179D tax deductions.