At Downey, Smith & Fier (DSF), we understand the unique financial challenges and opportunities within the aerospace industry. With over two decades of expertise in sales, use tax consulting, and a specialized focus on aerospace companies, we are equipped to navigate the complexities of your tax needs.
In the dynamic field of aerospace, managing sales and use tax can be a daunting task. At DSF, we specialize in identifying instances where vendors may have overcharged sales tax. Our in-depth knowledge and experience in this sector enable us to effectively review your transactions and potentially recover significant funds that belong to your business.
California Code Section 6380 provides a critical tax exemption for aerospace companies. This exemption applies to the storage, use, or consumption of qualified property used in space flight. Our team at DSF has a comprehensive understanding of these exemptions and is adept at applying this knowledge to benefit your company. We ensure that you’re not only in compliance with the relevant tax laws but also maximizing your tax savings where possible.
Utilities represent a significant operational cost for aerospace companies. DSF provides specialized services in identifying and applying utility exemptions. We meticulously analyze your utility usage to ascertain if they qualify for tax exemptions, aiming to reduce your overall tax burden and enhance your financial efficiency.
Innovation is at the heart of the aerospace industry. Our services extend to assisting companies in identifying activities that qualify for Research and Development (R&D) tax credits. These credits can offer substantial financial benefits for your pioneering work and investments in R&D. Our team is skilled in navigating the complexities of R&D tax credits, ensuring that your company receives the recognition and financial return it deserves for its innovative efforts.
For more than 20 years, Downey, Smith & Fier has been a trusted partner for companies in the aerospace sector. Our tailored approach means we don’t just offer generic solutions; we deliver strategies that are as innovative as the clients we serve. Our commitment to excellence, combined with our profound industry knowledge, makes us more than just consultants – we are your strategic tax partners in the aerospace industry.
Ready to optimize your aerospace company’s tax strategy? Contact Downey, Smith & Fier today for a consultation and let us help elevate your business to new heights.
