Tax Incentives and Credits

Staying current in state tax credits and economic development incentives is a daunting, if not an insurmountable task. This is seen in studies that have shown that at least 50% of tax credits and incentives are not claimed each year.

Our State and Local Tax professionals are fully committed to assisting you in identifying and securing the tax credits and incentives available to you and your business.

Tax Incentive Services

Some of the ways we can assist you and add value to your organization include:

  • Review state tax returns for tax credit opportunities that may still be available to you under state statute.
  • Identify economic development incentives available to your company before the commitment to expand or move is made.
  • Analyze tax credits and and/or incentive packages offered by competing state tax jurisdictions.
  • Evaluate your company's status in meeting a state's recurring compliance requirements.

Our experience professionals have been extremely successful in representing clients of all sizes and across numerous industries in matters such as those described above. The insight, innovation, and experience of Schneider Downs' State and Local Tax professionals can assist you in navigating the labyrinth of state tax credit and economic development incentives.

case studies

 
big problem:
A not-for-profit client out of 401(k) compliance.
big thinking:
Allowing more contributions by highly paid employees.
 
big problem:
Hackers attempting a six-figure wire transfer.
big thinking:
Rapid action spearheaded active containment and response.

our thoughts on

Final Regulations on Charitable Contributions When a State or Local Tax Credit is Received

The Treasury Department and the Internal Revenue Service have issued the final regulations regarding charitable contributions for donors also receiving

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Determining State Residency for Income Tax Purposes

“How do I change my residency for state income tax purposes?” This is a common question that comes up at least several times during tax season.

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Business Income Deduction Changes May Impact Professional Services Firms

On May 9, the Ohio House of Representatives passed House Bill 166 (“HB 166”) by a significant margin. If ratified by the Ohio Senate and signed

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Auto Dealers in Ohio Border States Beware You May be Subject to Ohio Commercial Activity Tax

Auto dealers outside of Ohio with store locations near the Ohio border should pay attention to potential Ohio Commercial Activity Tax (CAT) filing obligations.

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Wayfair Sales and Use Tax Legislation Developments

Recent Wayfair sales and use tax legislation developments include: California enacted new legislation increasing the sales threshold from $100,000 to $500,000

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Map of Pittsburgh Office
Pittsburgh

One PPG Place, Suite 1700
Pittsburgh, PA 15222

contactsd@schneiderdowns.com
p:412.261.3644     f:412.261.4876

Map of Columbus Office
Columbus

65 East State Street, Suite 2000
Columbus, OH 43215

contactsd@schneiderdowns.com
p:614.621.4060     f:614.621.4062