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Our tax attorneys work with your CPA to maximize your tax savings.
Every small business dreads tax season. You work all year to keep your revenue in the black and pay your employees, then you’re rewarded with a discouraging tax bill. There are tax credits that are uniquely designed to help you keep your money and grow through reinvestment.
The credits our team focuses on don’t reduce your taxable income but taxes owed.
Get a quick cash flow that can then be reinvested into your business.
If we calculate a credit for $50,000 and you owe $100,000 then you would only owe the government $50,000 when it comes time to pay your tax bill.
If you don’t use all of the credit in the current year, it can carry forward up to 20 years.
In some cases, clients can end up owing a zero dollar tax bill.
The credits our team focuses on don’t reduce your taxable income but taxes owed.
Get a quick cash flow that can then be reinvested into your business.
If we calculate a credit for $50,000 and you owe $100,000 then you would only owe the government $50,000 when it comes time to pay your tax bill.
If you don’t use all of the credit in the current year, it can carry forward up to 20 years.
May Eliminate Tax Payment Entirely
These tax credits are great resources for businesses like yours. We’ll help you take full advantage of them so you can focus on taking care of your business.
The Research and Development Tax Credit (“R&D Credit”) allows companies, of any size, to claim a dollar-for-dollar tax credit for conducting qualified research within the United States. This qualified research is identified by examining qualifying research activities and then subsequently isolating expenditures related to employee wages, outside consulting costs, and certain material expenses. Taxpayers may claim credits back three years and carry forward unused credits for up to 20 years.
The Employee Retention Tax Credit (ERTC) is a refundable tax credit for businesses that continued to pay employees while shut down due to the COVID-19 pandemic or had significant declines in gross receipts from March 13, 2020 to Dec. 31, 2021. Eligible employers can claim the ERTC on an amended employment tax return for a period within those dates.
Tax strategy and tax construction roadmap outlining everything a business can do to reduce your tax bill. Consult with businesses on entity structure tax optimization
We work with your tax department to maximize your tax return. Here’s how we do it.
We start with a complimentary 15-minute call with our tax experts to determine your eligibility and establish contract details. Nothing is charged until we establish value and it’s completely free to see if you qualify.
We continue to serve as a liaison for your CPA. They are more on the compliance side and we help with strategy.
Breathe easy knowing that you’re in compliance with the most recent legislation because you’re supported by a licensed tax attorney with years of expertise and committed team.
Our stress-free process will maximize your benefit while minimizing your footprint on the day to day business operations.
We don’t replace your CPA. They have a lot on their plate so we work with your existing CPA to capture specific line items in your tax return.
When individuals think of research and development, they typically imagine a setting involving test tubes and lab coats. However, when it comes to the tax code, the definition of what may qualify as research and development is extremely broad, and includes any work performed that involves design or development to create a new or improved business component.
These industries commonly qualify for the R&D tax credit. This list is not a complete list and you should contact us if you want to find out if you qualify.
Start with a 15-minute discovery call with our team to determine your eligibility.
7500 Rialto Blvd, Bldg 1 Suite 250
Austin, TX, 78735
(512) 617-1984
info@forefrontwp.com