States often compete for tax dollars by offering companies incentives to operate in their state. In addition, states and the federal government offer incentives for companies to perform certain activities such as research and development or hiring in economically challenged areas.
The complexity of the governing laws and regulations surrounding these types of credits and incentives often make implementing them cost prohibitive. Frequently, companies or their CPA's must become tax experts to capitalize on the usefulness of these credits.
Downey, Smith & Fier leverages its experience and expertise to offer companies the knowledge obtained through thousands of reviews to ensure our clients receive the maximum effective tax benefit.