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

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

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

Industries We Serve

Our specialized team of tax consultants leverages their industry-specific

knowledge to deliver tailored tax solutions that drive value for your business.

Explore the industries we serve below.

Our Industries by Service

Click on a service line and view the industries we have supported

R&D

Cost Seg

LIFO

179D

SALT

R&D

Aerospace

Aerospace manufacturers often qualify for the R&D tax credit due to the extensive experimentation involved in developing high volume and highly complex production processes. Even aerospace companies not participating in overall product design can qualify.

Read More →

Architecture & Engineering

Architecture and Engineering industries generate R&D tax credits, but design and development are complex and often involve design reviews, new processes, material experimentation, and alternative evaluation, indicating technical uncertainty.

Read More →

Blockchain Development

Blockchain development is at the forefront of modern financial technology, offering opportunities for qualifying for R&D tax credits amid the surge in demand for decentralized solutions.

Read More →

Chemical

Chemical manufacturers engage in a wide array of activities that can qualify for the R&D tax credit. This extends from product development and formulation to the intricate design and creation of large-scale production plants.

Read More →

Construction & MEP

R&D tax credits in the AEC sector can be claimed by construction companies and MEP engineering firms, regardless of their focus on specific systems within larger construction projects.

Read More →

Consumer Goods Manufacturing

Since 1981, the R&D tax credit has primarily benefited the manufacturing sector, promoting US-based research in product design and manufacturing, with consumer goods being a significant category.

Read More →

Contract Manufacturing

Contract manufacturers often qualify for the R&D tax credit due to their involvement in complex production processes and extensive experimentation, rather than solely responsible for production.

Read More →

Financial Services

Financial services companies qualify for R&D tax credit due to proprietary software systems, as technological advancements shift towards bespoke systems for specific needs.

Read More →

Food & Beverages

Manufacturers often overlook R&D tax credit eligibility, but activities like food science initiatives, novel recipes, flavors, packaging, and food safety improvements may qualify.

Read More →

Game Development

Game development is a costly and risky endeavor, necessitating additional cash flow for small-to-midsize studios, as many of their work qualifies for credit.

Read More →

Life Science

The life science industry, driven by innovation, is a strong candidate for the R&D tax credit due to its innovative solutions in lab automation equipment and diagnostic testing components.

Read More →

Manufacturing & Distribution

The R&D tax credit, established in 1981, benefits various manufacturing sectors in the US, including consumer goods, medical products, electronics, pharmaceuticals, automotive, furniture, and steel parts.

Read More →

Metal Fabrication

The metalworking industry can qualify for the R&D tax credit, as it involves routine activities like designing and creating custom tooling, casts, jigs, dies, or production equipment, which can potentially enhance production processes.

Read More →

Mortgage & Banking

The mortgage banking industry has shifted towards software development due to fragmented platforms, leading to the emergence of research and development tax credits as a tax planning strategy.

Read More →

Oil & Gas

The oil and gas industry frequently benefits from R&D tax credits, requiring companies to innovate to maintain competitiveness. Entities like exploration, production, refineries, drilling contractors, and oilfield services qualify.

Read More →

Pharmaceutical

The pharmaceutical, nutraceutical, and bioceutical industries can qualify for the R&D tax credit, covering both visible and less obvious aspects like support staff wages, computer leasing, and raw material costs.

Read More →

Plastic Injection Molding

The plastics and injection molding industry is eligible for the R&D tax credit due to its extensive R&D activities in injection molding and plastic packaging.

Read More →

Software Development

Software companies are a rapidly growing sector eligible for the R&D tax credit, ranging from software development and marketing to internal software creation for operational efficiency.

Read More →

Tool & Die

Tool and die manufacturers have a unique opportunity for R&D qualification due to their specialized role in designing tools and dies, which are integral to end product manufacturing.

Read More →

Cost Seg

Apartment Buildings

Cost segregation is a tax-saving strategy in the real estate industry, particularly for apartment buildings. It involves dividing property components into distinct tax categories, allowing owners to maximize cash flow and leverage tax advantages.

Read More →

Assisted Living

The assisted living industry, driven by the aging population, offers unique financial opportunities through cost segregation, a tax strategy often overlooked by owners.

Read More →

Auto Dealers

Auto dealerships’ intricate service departments, specialized systems, and site improvements offer untapped financial gains, with each asset having its own distinct depreciation timeline.

Read More →

Bank Buildings

Cost segregation is a tax strategy for bank buildings, dividing property into components and allocating specific values to individual assets, separating personal and real property.

Read More →

Data Centers

Data centers’ specialized ecosystem offers fiscal ingenuity with intricate servers, security systems, and energy-efficient technologies, each with unique depreciation timelines due to significant capital investment.

Read More →

Daycares

Daycare centers’ diverse classroom equipment and outdoor amenities offer financial optimization, with each asset having its own depreciation timeline.

Read More →

Distribution Centers

Distribution centers utilize specialized systems and land improvements for financial improvement, with each asset having its own depreciation timeline.

Read More →

Fitness Centers

Fitness centers offer a variety of gym equipment, wellness amenities, and modern facilities, each with its own depreciation schedule, providing untapped financial opportunities for health-conscious clients.

Read More →

Grocery Stores

Grocery retail assets, including aisles, checkout counters, and cooling systems, offer hidden fiscal potential due to their unique depreciation schedules.

Read More →

Hospitality

Hotel assets offer strategic financial planning opportunities, with cost segregation a key tool for hoteliers to maximize tax deductions and improve cash flow in tourist destinations.

Read More →

Manufacturing

Manufacturing ecosystems involve every component, including robotic arms and machinery, offering financial optimization opportunities due to their unique depreciation timelines and untapped fiscal benefits.

Read More →

Medical Buildings

Medical buildings in healthcare are complex, diverse, and specialized assets, including advanced MRI machines, surgical suites, air filtration systems, and outpatient facilities, each with its own depreciation schedule.

Read More →

Office Buildings

Office buildings in commercial real estate are complex ecosystems of assets, including specialized HVAC systems, energy-efficient lighting, and advanced conference rooms with depreciation life cycles.

Read More →

Restaurants

The restaurant industry’s diverse finishes, specialized equipment, and themed decor offer potential for financial enhancement, each with its own unique depreciation timeline.

Read More →

Retail Shopping Centers

Retail properties offer a vast financial resource due to their diverse tenant spaces, complex systems, and unique depreciation timelines, ranging from boutiques to shopping malls.

Read More →

Self Storage

Self-Storage properties, ranging from traditional garages to climate-controlled buildings, offer fiscal improvement opportunities due to their diverse facility design and depreciation schedules.

Read More →

LIFO

Auto Dealerships

The auto dealership industry demands effective financial management to ensure profitability, often underutilized, and utilizes the Last-In-First-Out (LIFO) inventory valuation method to improve efficiency.

Read More →

Distributors

In today’s competitive market, distributors and wholesalers must employ strategic approaches like Last-In-First-Out (LIFO) inventory valuation to manage inflation and ensure profitability.

Read More →

Manufacturers

The Last-In-First-Out (LIFO) inventory valuation method offers strategic advantages in manufacturing, helping businesses mitigate inflation’s negative impact on inventory costs across all sectors.

Read More →

Retailers

The Last-In, First Out (LIFO) inventory valuation method is a valuable strategy in retail to enhance profitability by balancing inventory management and profit margins.

Read More →

179D

Commercial Properties

Commercial building owners can qualify for the §179D tax deduction, which offers a deduction of up to $1.80/SF for energy-efficient construction or renovation projects in various categories like office buildings, warehouses, and retail stores.

Read More →

Design Firms

The primary designer of energy-efficient commercial buildings, such as schools, universities, libraries, and convention centers, can receive §179D tax deductions from government property owners, including federal, state, and local governments.

Read More →

Residential Properties

§179D tax deduction allows taxpayers to deduct up to $1.80/SF for energy-efficient multifamily residential buildings, incl. high-rise towers, multi-use properties, dormitories, and 4 story apartment buildings.

Read More →

SALT

Digital Goods

The digital goods industry’s rapid expansion is causing confusion about sales tax compliance, prompting companies to seek help from PMBA specialists. Sales tax compliance is complex due to state-specific definitions and taxability of digital products.

Read More →

Manufacturing Companies

Manufacturing companies need to track all aspects of sales tax liability, including exempt equipment repairs and vendor certificates, to stay compliant. Source Advisors can help identify sales presence, taxability, and compliance strategies.

Read More →

Retailers

Retailers facing growth face new tax responsibilities, including sales tax compliance across various channels. Tax specialists can help with nexus analysis, product tax code review, and automated technology implementation.

Read More →

SaaS

Software as a Service (SaaS) in the US is a complex taxation area due to its potential for profit, despite its complexity.

Read More →

Software Companies

Software and SaaS products’ taxability varies by state, with some being considered tangible personal property and others exempt. Source Advisors helps companies navigate multistate sales tax rules, addressing challenges like sales tax audits, software implementation, and ongoing compliance.

Read More →

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.