Capital Efficiency Solutions
Thrive Benefit Solutions has contracted with best-in-class strategic partners to deliver full-service stimulus consulting for local, state, and federal tax incentives to small-to-mid sized companies. Thrive utilizes a non-disruptive process where we work hand-in-hand with a client’s tax professionals and existing vendors to perform expense reduction and tax incentive audits. There are no up-front costs to our clients, Thrive and its partners are compensated as a percentage of savings, and all services are backed by IRS audit-protection from our partners. Some of our services include:
Workers Opportunity Tax Credit (WOTC):
Local, State, and Federal tax incentive programs allow employers to reduce taxable liability of private-for-profit employers for the hiring of qualified individuals. Tax credits can range from $2,400 to $9,600 per qualified hire.
R&D Tax Credit:
Internal Revenue Code section 41 allows for a general business tax credit for companies that incur research and development costs, a broad category under IRS definition. Thrive will assist with discovery and recovery of these credits in the form of an IRS refund, often times extending to the previous 3 tax years.
Cost Segregation Study:
Commercial property owners use cost segregation studies to identify and reclassify personal property assets to shorten the depreciation time for taxation purposes thus reducing current income tax obligations.
Property Tax Mitigation:
A comprehensive property tax review provides a fair and equitable assessment of asset value with the potential to decrease companies expense and create immediate cash flow for commercial property owners / real estate investors.