TaxOps Minimization

Tax Saving Strategies for Dynamic Companies

Who we are

  • An award-winning tax specialty firm helping dynamic businesses claim tax credits, deductions and deferrals
  • Faster results and positive tax outcomes, saving our clients time, money and hassle
  • Generating countless millions of dollars in income and transactional tax savings for our clients 

Leverage our knowledge

  • 60+ years combined team experience maximizing tax savings in ways often undetected by other firms
  • Led by Mark Dunning, the TaxOpsMin team is responsive day-to-day and accomplished negotiators
  • Delivering insights information your tax decisions and transaction strategy
  • Specializing in software, manufacturing, pharmaceutical, biotech, energy, and engineering
  • Referred by other CPF firms to perform specialty work in areas where referring firms lack expertise

What our clients say

“One Big Four firm stopped pursuing us as an R&D credit client when they learned we had switched from another Big Four firm to TaxOps. The great work done by Mark Dunning, Jamie Overberg, and the TaxOps’ team is well-known in the industry.”
~Kawasaki Motors Corp., U.S.A.
 
“…We initially chose TaxOps over other Big Four firms due to their R&D experience, responsiveness and attention to detail...TaxOps interviewers get in and get out quickly, minimizing disruptions at Ancestry. Additionally, our TaxOps team has had very little turnover, providing comfort and a friendly face to our engineers and IT professionals. TaxOps has also provided IRS controversy assistance with successful results. We are both fortunate and happy to have TaxOps working with us.”
~Ed Gwynn, Vice President of Tax, Ancestry
 
“I do not think we could have worked with a better group to help us with the R&D credit (and trust me, as you know there are a lot of folks out there who say they can do it!).”
~James Miele, CFO, Iteris, Inc.

Pay less tax, invest more with R&D credits

Find out how to take full advantage of research tax credits that could cut your federal and state tax liability. Get the File »

Game changer puts lucrative R&D credits within reach

The R&D credit is now available to companies of all sizes, both profitable and unprofitable. Could your company be one of the beneficiaries? Get the File »

Research and Development Studies (§ 41)

Unlock the financing potential of R&D credits
These dollar-for-dollar federal and state credits are available to taxpayers who perform qualified research, and can return 4 to 6.5 cents for every dollar spent in qualified expenses.
 
New in 2016: R&D payroll tax offset
Companies with < $5 million in revenue and < 5 years of revenue can use the credit to offset payroll tax in the quarter after filing a tax return that includes research credit claims.
 
Increase net R&D credit return
We deliver fresh perspectives and proven strategies that:
• Qualify and quantify activities by associate per component and project
• Uncover additional expensing categories
• Streamline the interview, data and documentation process
• Increase validity of qualifications while keeping disruptions to a minimum
• Deliver audit-ready study on an indexed flash drive for easy record retrieval
• Integrate compliance framework and forward-looking tax saving strategy
 
R&D process
 
With an efficient, year-round process, we perform the R&D study on your timeline and deliver all reports, schedules and memos well before the tax return deadline. Our efforts extend to modifying your provision estimate.


Net Operating Loss and Tax Credit Planning

Businesses with accumulated net operating losses (NOLs) and tax credits could find access to these tax benefits limited by IRC § 382/383 without proper planning. § 382/383 studies measure when a limitation arises, and the allowable amounts, related to business events that include ownership changes and funding activities.

Value of § 382/383 Studies

Net Operating Loss and Tax Credit Planning studies support the amount of deferred tax assets from NOLs or credits in financial statements, tax returns, and transaction due diligence.


IRS Controversy Assistance

At one time or another, most companies are faced with having to work with the Internal Revenue Service and other state revenue agents to settle tax issues in dispute.

Value of TaxOpsMin Controversy Assistance

We work with with national--and local--tax authorities to develop an audit and workout plan for settling outstanding tax issues, minimizing operating disruptions and frustration often associated with audits, pre-filing agreements and appeals cases.

Domestic Production Activities Deduction (§ 199)

Companies with taxable income may be able to claim an additional deduction of 9 percent of qualified expenditures through year-end 2017. Manufacturers, software developers, energy producers (including oil and gas, electricity and natural gas), construction companies, engineering or architectural service providers, potable water producers, and food growers are eligible to claim an additional deduction of 9 percent (as of 2010) if they have taxable income.

Value of Domestic Production Activities Deduction Study

A domestic production activity deduction study reviews taxpayer operations to determine if exceptions apply prior to calculating an amount for the deduction. Opportunities to claim this deduction are available through year-end 2017 only.

Uniform Capitalization Studies (§ 263A)

The Internal Revenue Service requires taxpayers to capitalize overhead costs associated with inventory, which increases taxable income. There are several different methods to determine what to include in the calculation. Due to the complexity of the calculation, many taxpayers include costs that should be excluded or use less-than-optimal calculation methods, thus increasing the capitalization.

Value of Uniform Capitalization Study

Through a uniform capitalization study, costs are analyzed and the optimal calculation method is selected for capitalizing overhead costs associated with inventory and lower your tax obligations.

Cost Segregation

Cost segregation allows a taxpayer to take full advantage of short-term depreciation for an asset that may otherwise be depreciated over a 30-plus year recovery period. Reclassifying assets from real property to tangible personal property with 5, 7, and 15 year recovery periods that roughly match the useful life of the asset allows taxpayers to front-load deductions earlier in the life of an asset. In addition to accelerating depreciation deductions, cost segregation reduces tax liabilities and increases cash flow. A cost segregation study properly identifies an asset’s cost basis, property class and recovery period, leading to potentially significant present value after-tax benefits.

Value of Cost Segregation Studies

Cost segregation studies accelerate depreciation deductions, reduce tax liabilities and increase cash flow by identifying an asset’s cost basis, property class and recovery period.


 

 

 

 

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Game-changer puts lucrative R&D credits within reach

IRS safe harbor streamlines R&D credit claims for certain taxpayers

TaxOps’ Mark Dunning participates in AICPA efforts to expand R&D credit benefits

Cost Segregation Deductions Make Ownership More Affordable