YOUR SPECIALTY TAX INCENTIVE EXPERTS!

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R&D Tax Credit

The R&D tax credit is one of the most powerful incentives in the tax code. Due to the broad definition of “qualified research”, businesses in nearly every industry take advantage of the credit. To see what activities may qualify, check out the Industries below to learn about R&D for your company. The R&D tax credit is based on “qualified research expenses” (QREs) – for every dollar spent on QREs, you can earn up to 8.0% in federal tax credits! Additionally, over 40 states offer similar R&D tax incentives that can double benefits in some cases.

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Cost Segregation


Cost Segregation is a tax strategy for acquired, renovated, and newly built buildings that provides the benefit of accelerated depreciation, which reduces taxes and increases cash flow. Building owners can take advantage of the ability to look back and “catch-up” lost depreciation deductions without having to amend a tax return. At BRAYN, Cost Segregation studies are performed under the responsible charge of professional engineers with industry experience in construction to ensure the most thorough and comprehensive study.

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Tax Controversy

The Internal Revenue Service and various state taxing authorities will occasionally examine taxpayers’ refund claims to ensure compliance with statutes and rules. Taxpayers must be prepared to provide support for their claims to avoid disallowance of refunds and imposition of penalties and interest. BRAYN understands the complexities of tax controversy, defends its clients under audit, and tailors comprehensive documentation packages to substantiate the taxpayer’s claims. With over 99% of claimed credits and deductions staying in client pockets, it’s no wonder that BRAYN is a leader in the specialty tax space.

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45L Energy Efficient Home Credit

The 45L Tax Credit is available to single-family and multi-family builders for exceeding certain energy standards. The credit is $2,000 per dwelling unit to be claimed in the tax year each unit is first sold or leased. The credit can be claimed for newly constructed and substantially renovated homes and apartments. Claiming the credit requires energy modeling, inspections, and certification from an eligible certifier.

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Payroll Tax Credit

As an extension of the R&D tax credit, the payroll tax credit refers to a new opportunity for taxpayers who are deemed “qualified small businesses” and perform qualified research to offset up to $250,000 of the employer portion of FICA payroll tax, starting as early as the 2nd payroll tax quarter in 2017.

​ This is an especially great opportunity for start-ups performing R&D!

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179D Energy Efficient Commercial Building Deduction

The 179D incentive is a federal tax deduction of up to $1.80 per square foot available to architects, engineers, and contractors for their work on newly constructed and renovated government buildings. Designers and builders of K-12 schools, city and county buildings, state universities, and federal and military buildings are taking advantage of this lucrative tax incentive for energy efficient HVAC, lighting, and building envelope scope of work. Commercial property owners are also able to claim this valuable tax incentive.

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Fuel Tax Recovery

For federal purposes, taxpayers may be eligible for refunds of tax paid on gallons of gasoline, diesel, and other fuels used in vehicles and equipment. Many states extend additional refund opportunities to vehicles licensed for on-road use, such as cement mixers and garbage trucks, and for specified activities, such as driving off-highway and idling. Companies with fleets in the transportation, distribution, refuse collection, construction, and oil and gas industries should conduct a free assessment to determine whether they are missing significant tax savings.

 

Additionally, fuel resellers/marketers often require licenses and registrations in multiple jurisdictions to conduct business. The licensing and reporting process differs from state to state and from state to federal, which often leads to oversights and costly mistakes, including additional tax liabilities, penalties, and interest. For example, a single miscode of a truck delivery on a Form 720-CS incurs a $10,000 penalty, which may have been made on multiple reports over a series of months, snowballing quickly into a large sum. BRAYN works with taxpayers and the taxing authorities to help reduce or even eliminate the liability, penalty, and interest.

WHAT OUR CLIENTS SAY about us

1

We really appreciate[d] BRAYN's proactive efforts to present additional tax incentives. [In addition to the R&D Tax Credit,] BRAYN was able to identify and assist us with 179D (Energy Efficient Commercial Construction) deductions for qualified activities that were conducted for government owned buildings. Once again, BRAYN demonstrated their commitment to their client

David Green, President & CFO

Visual Terrain
2

During the course of the project, it was clear that BRAYN knew what they were doing and emphasized communication and transparency every step of the way. Their project team was able to take our QuickBooks and Deltek time tracking systems to conduct their analysis, which greatly reduced the time impact on our team.

DAVE HUMBER, PE, PRINCIPAL

HUMBER DESIGN GROUP, INC.
3

We were introduced to BRAYN by our CPA and started working with them to perform a Cost Segregation and 179D Energy Efficiency study on our newly constructed properties. We chose BRAYN initially, and continue to do business with them because their studies are not just engineering based, they are performed by actual professional engineers who have experience in design and construction as well as tax consulting.

SCOTT LARUE, MANAGER

HIGHMARK CAPITAL LLC
4

BRAYN’s knowledge of architectural services, the phases involved with projects, and their understanding of architectural/engineering systems like Deltek Ajera was extremely helpful in obtaining necessary data.

JAMES BURNETT, PRESIDENT

OJB
5

We were under a very constrained timeline to complete the study before our statute and filing deadlines and BRAYN followed through on everything as promised and delivered results that exceeded my expectations, all while collaborating effectively with our team and our CPA firm to make this a very seamless effort with a great benefit.

CHERYL OSBORN, PRESIDENT & FOUNDER

CASCO CONTRACTORS, INC.
6

BRAYN explained the complexities of the R&D tax credit and offered ways for us to streamline the process. The R&D tax credit law was clearly explained, and they demonstrated their knowledge by bridging the gap between the law and the practical business realities of satisfying the legal requirements.

DON THOMPSON, OWNER & COO

CARBON FIVE
7

After the close of the study, we decided to change CPA firms and BRAYN offered several recommendations that were local and familiar with both our industry and the R&D tax credit; based on their referrals, we found a great CPA. It is clear that BRAYN works diligently to provide the best value to their clients.

CATHERINE MCCULLOUGH, PRESIDENT/CEO

MCCULLOUGH LANDSCAPE ARCHITECTURE, INC.
1

We were pleased with the final results of the study. We felt confident that the final credit calculations were accurate, defensible, and based on a full understanding of our company’s development process. The final documentation package that BRAYN provided was detailed, thorough, and easy to understand. Their R&D Tax Credit knowledge and expertise were extremely helpful throughout the process, from educating our staff on the complexities and nuances of calculations to walking us through the final report.

Steven Wolkenstein, VP Finance

Perspectium
2

BRAYN exceeded our expectations and delivered incredible value with Cost Segregation services. These tax savings are essential to accelerating our growth and facilitating continued development.

Tom Stern, Founder

Pacific NW Properties