Is your business planning an expansion, relocation, or modernization project in the US? Projects involving large capital investments and job creation often qualify for significant tax credits and/or cash and non-cash incentives. These incentives reduce upfront costs and enhance cash flow, enabling greater investment in innovation, infrastructure, and workforce development. Our seasoned team offers expert services to identify and secure local, state, and federal incentives, maximizing your return on investment. Discover how KNAV can turn opportunities into savings and propel your business forward.
Credits and incentives are financial benefits provided by government programs to encourage business investments and activities that contribute to economic development. These can include reductions in tax liabilities, direct cash grants, property tax abatements, sales tax exemptions, infrastructure support, and workforce training grants. Businesses can significantly reduce operational costs and enhance their financial performance by leveraging these benefits.
Opportunities to Leverage Credits and Incentives
| Establishing new facilities | Expanding or modernizing facilities |
| Consolidating existing operations | Relocating operations |
| Increasing state-level employment | Making significant capital investments |
| Retaining labor-intensive operations | Installing energy-efficient utilities |
| Investing in employee training | |
By effectively utilizing these opportunities, your business can achieve significant savings and reinvest those funds into growth and innovation. KNAV is here to guide you through the complexities and ensure you maximize your financial benefits.
Our services include the following:
- Statutory Credit Reviews
Our firm performs comprehensive statutory credit reviews to ensure your business is taking full advantage of all available credits under current tax laws, identifying opportunities that may have been previously overlooked. Additionally, we assist in claiming many tax credits retroactively, providing further savings.
- Eligibility Assessment
Our experienced professionals evaluate the eligibility criteria for various tax credits and incentives, ensuring that your business meets all necessary requirements to qualify.
- Negotiation of Incentives
We negotiate on your behalf with government agencies and other entities to secure the best possible incentives for your location-based projects. We’ll also gather data on industry benchmarks and comparable incentive packages offered by competing locations to strengthen your negotiating position.
- Filing and Application Support
From completing application forms to submitting claims, we provide end-to-end support in the filing process, streamlining it to avoid delays and maximize efficiency.
- Clawback Minimization
We implement strategies to minimize the risk of clawbacks—situations where incentives must be repaid due to not meeting specific conditions. Additionally, if unforeseen circumstances cause changes in your business plans, we assist in renegotiating existing incentive agreements to help minimize clawbacks and protect your financial interests.
- Strategic Planning
We work with your business to develop long-term strategies for leveraging tax credits and incentives as part of your overall financial planning and growth strategies. This includes creating specialized tools to analyze project eligibility, scheduling reviews of capital projects to identify potential incentives, and coordinating with various internal teams and stakeholders to ensure that incentives are reviewed as part of an established capital budgeting process.
- Credit Certification
We conduct agreed-upon procedures testing to verify and certify your eligibility for various tax credits and incentives. This ensures that all claims are thoroughly substantiated, providing confidence in their validity and compliance with regulatory requirements.
- Federal Work Opportunity Tax Credit Services (WOTC)
We provide comprehensive WOTC support, including screening and identifying eligible employees, preparing and submitting necessary documentation, and annual credit computations.
- Audit Support
In case of audits or reviews by tax authorities, our firm offers robust support, including preparation of audit-ready files and representation during the audit process.
- Comparative Market Analysis
Our location advisory services include comparative market research and analysis across the U.S. to assist your business in selecting the optimal project location. We provide insights on labor availability, real estate, business costs, local incentives, tax and regulatory environment, utilities, infrastructure, transportation, and other critical factors to help you make informed decisions about site selection.
By partnering with our firm, your business can uncover substantial savings, optimize your tax positions, and reinvest those savings into further growth opportunities, all while strategically selecting the best locations for your projects.
