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MAP Tax Credits
Eight tax credit programs. One simple way to maximize the credits you are entitled to.
Who We Are
The Tax Credit Experts
Our Tax Credit Experts employ a proven, client-centric process to identify and maximize all available state and federal tax credits for all types of businesses. Through a combination of unique data gathering tools and extensive due diligence, we deliver not only a wide array of lucrative tax advantages, but a simple, streamlined process to achieve them. Both clients and financial advisors are assured of maximum returns with an absolute minimum investment of time or inconvenience.
Many Options, One Simple Solution
We are dedicated to simplicity from start to finish. Therefore we offer a diverse range of tax credit opportunities that can benefit companies in a wide variety of fields and industries. We evaluate the programs each individual client qualifies for, and then work seamlessly with each company’s internal staff or external financial professionals to ensure the entire process is smooth, efficient and minimizes the time and effort required of company staff or their financial professionals will have to devote to the project.
There are 8 little known tax incentive areas... how many of them are you taking advantage of?
Research and Development Credit
The R&D tax credit is a dollar-for-dollar reduction of corporate or individual tax liability for simply doing what you do to serve your clients and stay ahead of the competition. The R&D tax credit is a 20 percent credit on qualified research expenditure that exceed a base amount.
Cost segregation is used to accelerate depreciation for investment property by breaking out the tangible personal property and land improvements that are normally grouped together as a real property. Personal property and land improvement can generally be reclassified as 5, 7, or 15-year property instead of 27.5 or 39-year property. Cost Segregation allows property owners to increase cash flow, reduce tax liability, and allow for a loss deduction when a building component gets replaced before it fully depreciates.
Work Opportunity Credit
The Work Opportunity Tax Credit (WOTC) is a Federal tax credit available to employers for hiring individuals from certain target groups who have consistently faced significant barriers to employment. Depending on the employee’s target group, employers can claim up to $9,600 per employee within the first year of employment.
New Employment Credit (NEC)
Employers that hire qualified full-time employees and pay or incur qualified wages for work performed in a Designed Geographic Area (DGA) can claim the credit on a timely-filed original return. Currently, the maximum credit is $96,600 per qualified employee hired in 2019.
Federal Empowerment Zone Tax Credit
This credit is for businesses that are located within an “Empowerment Zone” that hire employees who also live within the same zone. Empowerment Zones are areas designated by the government as distressed urban and rural communities in the United States. The maximum credit amount is $3,000 per qualified employee, which is 20% of the employee’s qualified wages (up to $15,000).
179D Tax Deduction
The 179D tax deduction is available to commercial building owners or designers of energy efficient buildings owned by a government entity. The federal tax deduction under this program is worth up to $1.80 per square foot for a qualifying energy efficient property. The owner or designers of the building must install or make improvements to the interior lighting system, HVAC system, and building envelope that reduces energy costs by at least 50% compared to a building that meets the minimum requirements of Standard 90.1-2001.
45L Green Building Incentive
The 45L Green Building Incentive, also known as the New Energy Efficient Home Credit, allows eligible contractors $1,000 or $2,000 worth of tax credit for each qualifying new energy efficient home that is up to three stories above grade in height.
Employment Training Panel (ETP) Grants
A funding program that assists employers in offsetting the cost of employee training when necessary in order to make their businesses more competitive. This program also encourages employers to offer employees the opportunity to learn additional job skills. Employers can request up to $750,000 in funding for qualified training curriculum.
The benefits really add up.
R&D Tax Credits Claimed by US Manufacturers
Businesses Claiming R&D Tax Credits
Total CA Tax Credits Available for 1 Employee (If they qualify for the CA New Employment Credit)
Do these tax credits apply to your business?
It’s often surprising to clients just how many industries and categories qualify for business tax credits. The list below illustrates the breadth of clients we have worked with. We encourage you to contact us about your specific situation. We are often able to determine if your company may qualify with just some general information.
- Fast Food
- Financial Services
- Food Science
- Oil & Gas
- Real Estate
- Waste Management
A small group of dedicated and expert individuals working together as a cohesive team to give extraordinary large firm services.
We are here to help
We understand that Tax Credits can be daunting. So when you are ready to take advantage of tax credits on behalf of your business, we’re here for you.