Specialized Business Tax Consulting
Pay Less Tax. Save More Money.™
As the nation's leading provider of specialized business tax services, SourceCorp helps clients maximize state and federal tax incentives, increase cash flow, minimize tax payments, and increase ROI.
SourceCorp Tax Strategies & Services
Inventory Tax Planning:
Does your company carry substantial inventory? Using the IPIC LIFO method can bring a cash infusion to your company. Click here to see how LIFO can work for you.
LIFO in a deflationary market>>
Research and Development (R&D) Tax Credits:
Are you familiar with the Alternative Simplification Methodology of the R&D credit? Has your company devoted time and resources to new or innovative products or manufacturing processes, improvement of existing products, patent development, software development, design and engineering staff, prototyping, modeling and trial-and-error testing? If so, click here to see how the simplified and other R&D Tax Credit methodologies can save you money.
Cost Segregation:
Have you built, purchased or renovated a building in the past 10-15 years? Cost segregation is a tax savings strategy that can improve the economic health of your bottom line by accelerating the manner in which you recover the investment in your facility costs for income tax purposes. If you own property valued above $650,000, click here to maximize your tax benefits through accelerated depreciation.
Abandonment Study:
Have you demolished or substantially renovated tenant improvements within your building? If so, click here to learn how disposing of retired tenant improvements can substantially reduce your income tax liability and increase both cash flow and total investment return.
Energy Efficient Commercial Building “Green” Tax Deduction:Have you built an energy efficient building or upgraded your HVAC or lighting system to reduce energy consumption? If so, you may qualify for a tax deduction of $0.60 to $1.80 per square foot off the cost of purchase. Click here to see how the Commercial Building Tax Deduction can reduce the amount of tax you owe.
LIFO Accounting for Auto Dealerships
For more than 20 years, SourceCorp has provided auto dealership accounting LIFO solutions. Over the years, our methods and procedures have been tested and proven through numerous IRS audits and Form 3115 approvals. Our LIFO solutions are designed to meet the needs of today’s dealers and CPA’s and are available in the form of in-house services as well as comprehensive software programs.
Alternative Method Software (AMS)
Automotive LIFO Conformity Estimates
Manufacturers Increase Profits:
The Manufacturing Extension Partnership (MEP) is a national network comprised of nearly 1600 specialists in business and manufacturing. For the past 20 years, they have worked with thousands of manufacturers delivering $1.3 billion in cost savings annually and $6.25 billion in increased or retained sales in one year. MEP supports 59 centers in 393 locations in every state and in Puerto Rico. Click here if you are a manufacturer and want to Increase Profits & Cut Costs.
