Businesses of all sizes and industries can reduce federal income taxes for qualified research expenses

For companies that own commercial real estate, multifamily housing, or tenant improvements

Offset the costs associated with building energy efficient properties with these tax credits

Leverage your green building tax deductions

Maximizing savings through Real Estate Consulting

Generate cash by leveraging existing inventory for profit

Energy Solutions for Commercial and Residential Properties

Ensure compliance and maximize profits while minimizing losses

Request an enhanced R&D tax credit study to offset amortized tax liability

Understand the value of your business assets and property

R&D tax credits for businesses based in the UK

Automate your R&D tax credits with GOAT.tax

Achieve More for Your Clients

Federal Tax Credit for Renewable Energy Projects

Insights

Our Latest Insights

A CPA’s Basic Guide to SALT Requirements

Benjamin Kluwgant January 22, 2024

State and local taxes affect every business in Illinois in one way or another. To ensure their clients remain tax

LIFO vs. FIFO: Choosing the Right Inventory Identification Method

Karen Koch, CPA, MT March 4, 2024

Inventory identification is a crucial aspect of managing a company’s finances. It impacts your cost of goods sold (COGS), profitability,

IRS Announcement 2024-24: Updated Reference Standard 90.1 for § 179D

Imran Syed May 20, 2024

IRS Announcement 2024-24: Updated Reference Standard 90.1 for § 179D Announcement 2024-24 refers to the upcoming updates that will align

Stay informed and educated with our Case Studies, Tax News, Service Line Collateral, and Sample Tax Forms

Businesses of all sizes and industries can reduce federal income taxes for qualified research expenses

Upcoming conferences, workshops, and webinars

Explore articles written by industry leaders on all our service lines

About Us

Our Industry Leaders

R&D Tax Credit

Cost Segregation

Energy Efficiency Tax Credit

State and Local Taxes

Our people are our greatest asset.

Join the Source Advisors family! Check out our open positions.

Community outreach and philanthropy.

Company updates and press releases

Insights

Blogs

Explore our extensive library of tax resources put together by our industry thought leaders.

Featured Blogs

How is 179D Calculated?

Imran Syed September 5, 2024

The 179D tax deduction is calculated based on a commercial building’s square footage and the energy cost savings achieved by improving its envelope, lighting, or HVAC systems. It’s important to note that 179D is not only applicable to building owners. Design firms, such as architects, engineers, and contractors, can also claim this deduction for public buildings such as schools or government offices. 179D Calculation Process To claim the 179D tax deduction, energy-efficient buildings must be certified as installed as part

179D

How is 179D Calculated?

The 179D tax deduction is calculated based on a commercial building’s square footage and the energy cost savings achieved by

Imran Syed September 5, 2024

SALT

A CPA’s Basic Guide to SALT Requirements

State and local taxes affect every business in Illinois in one way or another. To ensure their clients remain tax

Benjamin Kluwgant January 22, 2024

Cost Seg

The When and Why of Cost Segregation Studies

What are the Benefits of a Cost Segregation Study? There are a number of benefits associated with a Cost Segregation

Patrick Esteban January 12, 2024

Cost Seg

Qualified Professionals for Cost Segregation

Who Can Perform a Cost Segregation Study? When it comes to performing a cost segregation study, choosing the right provider

Greg Bryant January 10, 2024

R&D

The IRS 4-Part Test for R&D Tax Credits Explained

The R&D 4-Part Test Imagine the 4-part test as a sturdy bridge connecting your R&D activities to tax credit rewards.

Alex Pak March 1, 2024

Person calculating state and local tax with calculator on table

R&D

4 Mistakes You Might Be Making on Your R&D Tax Credit Claim

Are you making the most of your R&D tax credit claim? Here are four common mistakes that businesses often make

Rachel Bishop, CPA February 13, 2024

stack of newspapers with news of source advisors

R&D

Should You Handle R&D Tax Credits Alone?

Deciding Whether to Manage R&D Tax Credits In-House Businesses often find themselves at a crossroads when it comes to claiming

Alex Pak January 2, 2024

R&D

Understanding the R&D Tax Credit and How To Claim It

Understanding the R&D Tax Credit The R&D tax credit is a valuable incentive provided by the government to encourage businesses

Rachel Bishop, CPA December 20, 2023

R&D

Changes in Wisconsin R&D Tax Credits

The Wisconsin R&D tax credit refundable portion will increase from 15% to 25% beginning on or after January 1, 2024.

Alex Pak December 7, 2023

R&D

Proposed Changes to R&D Tax Credits Form

The Internal Revenue Service (IRS) has released a preview of proposed changes to Form 6765, Credit for Increasing Research Activities.

Jordan Fazio November 12, 2023

Cost Segregation

Cost Seg

What to Look for When Evaluating a Cost Segregation Provider

Choosing the right cost segregation provider is a vital part of optimizing tax savings for your business. The provider you

Brian Coddington November 11, 2021

Cost Seg

When Should a Cost Segregation Study be Performed?

There are several situations where a cost segregation study should be performed. A cost segregation study should be performed immediately

Brian Coddington July 28, 2020

Cost Seg

Identifying a Quality Cost Segregation Study

What is Cost Segregation? Cost segregation is a highly beneficial and widely accepted tax compliance strategy utilized by commercial real estate

Brian Coddington July 26, 2020

Cost Seg

Cost Segregation Study Examples

What is Cost Segregation? A cost segregation study might be thought of as an interest free loan that frontloads the depreciation

Brian Coddington July 26, 2020

person flipping through research activity papers

Cost Seg

Hotels and Cost Segregation

What is Cost Segregation? Cost segregation is a highly beneficial and widely accepted tax compliance strategy utilized by commercial real estate

Brian Coddington July 26, 2020

Cost Seg

Does Cost Segregation Method Matter?

What is Cost Segregation? Cost segregation is a highly beneficial and widely accepted tax compliance strategy utilized by commercial real estate

Brian Coddington July 26, 2020

Energy

179D

How is 179D Calculated?

The 179D tax deduction is calculated based on a commercial building’s square footage and the energy cost savings achieved by

Imran Syed September 5, 2024

45L

Form 8908: Instructions Regarding Prevailing Wages

The IRS Form 8908 (also referred to as the Energy Efficient Home Credit) states that “eligible contractors can claim a

Imran Syed June 14, 2024

person reviewing franchise tax papers on desk

179D

Impact of the Inflation Reduction Act on EPACT Section 179 Tax Deduction

In August of 2022, The Inflation Reduction Act was signed into law which made significant changes to the Energy Policy

Imran Syed May 21, 2024

179D

State & Local Tax

SALT

Utility Studies for Sales and Use Tax Exemptions

While specific exemptions vary from state to state most manufacturers are aware that all states offer some type of sales

Kamal Shah, CPA February 19, 2024

SALT

Different Types of Sales Tax Nexus for E-Commerce

For online businesses, navigating the ever-shifting sands of sales tax can feel like wandering through a labyrinth. One wrong turn,

Benjamin Kluwgant February 16, 2024

SALT

Sales Tax Nexus Explained

For businesses operating across state lines, understanding the concept of sales tax nexus is critical. It’s the determining factor on

Chris Vignone February 16, 2024

person working on r&d amortization paperwork on table

SALT

Source Advisors Tax Update: What to Expect in 2024

State and Local Tax: The Good, The Bad, and The Ugly The year 2024 is poised to usher in a

Chris Vignone January 24, 2024

washington business people working at table with laptop

SALT

State and Local Taxes: A Guide for CPAs, CFOs, and Business Owners

Mastering State and Local Tax Planning Tax year planning for state and local taxes is a critical aspect of financial

Chris Vignone January 17, 2024

person working on sales and use tax on calculator

SALT

Benefits of Combining a Sales and Use Tax Refund Review With an Audit

When a state informs a company of an ensuing sales & use tax audit, there is always uncertainty and stress.

Jonathan Kraft May 10, 2023

LIFO

Last In, First Out (LIFO) Inventory Method: Pros and Cons

Inventory valuation is an accounting process used by companies to assign value to their inventory. It determines the cost of

Sara Richardson May 30, 2024

LIFO

Can LIFO Still Provide Tax Savings in 2023?

While inflation is not at the high levels seen in the last couple of years, if you haven’t elected LIFO

Sara Richardson December 15, 2023

LIFO

How Inflation Drives LIFO

Understanding LIFO as an effective mitigation strategy for inflation is an economic challenge that significantly impacts a wide range of

Source Advisors April 13, 2021

Employee Retention Credit

Section 174

person working with floating 174 expenditure bar graph

Section 174

Section 174 Explained

What is Section 174? Section 174 of the Internal Revenue Code now defines the treatment of Specified Research or Experimental

Deb Roth, CPA June 4, 2024

Section 174

Offsetting Section 174 R&E Software Development Tax Liability With R&D Tax Credits

Section 174 Changes Impact R&D Tax Credits for Software The new changes to Section 174 have a significant impact on

Deb Roth, CPA April 16, 2023

Contact Source Advisors for a Free Assessment

Embrace the power of tax credit savings with Source Advisors and propel your business towards growth and success. Partner with us today to unlock your company’s full potential.