Minimize costs, maximize growth

Federal, state, and local governments stimulate economic development and investment in their jurisdictions with tax credits and incentives. These may be targeted to promote research and development, retain businesses in certain jurisdictions, or compel them to move to those jurisdictions.

Herbein has extensive experience assisting businesses in identifying these opportunities and managing the processes for claiming them. Documentation is key to claiming these credits. Our processes are designed around your business and business processes to be efficient. We employ automated tools to obtain data and work to minimize the input from your staff so they can focus on your business goals.

By leveraging available tax credits and incentives, your business can save significant dollars that can be reinvested back into the business. For every new tax engagement, our team closely examines prior-year filings. This fresh perspective may uncover certain credits and incentives that can be captured by filing amended tax returns.

Using our industry familiarity and obtaining the relevant attributes of your business, Herbein can identify opportunities for tax credits and incentives. We can file applications and returns for these incentive programs and provide the proper documentation to defend filings if a taxing authority challenges them.

The tax credits and incentive solutions we offer include:

  • R&D Tax Credit Studies
  • IRC Section 174 R&D Analysis and Compliance
  • Cost Segregation
  • Energy Credits
  • Federal and State Hiring Credits
  • Fixed Asset Tax Accounting Optimization
  • State and Local Statutory and Negotiated State Credits and Incentives
  • Disaster Relief Credit
  • Employer Credit for Family and Medical Leave