SERVICES

Tax Mitigation Services

Turnkey Tax Management

You Could be Savings Thousands

Work Opportunity Tax Credits

A tax credit available for employers who hire and retain individuals from target groups. You can claim up to $9,600 per qualified employee.

COVID Employee Retention Tax Credits

A payroll tax credit for businesses affected by COVID-19. You can claim up to $26,000 per qualified employee.

Disaster Retention Tax Credits

For businesses affected by disasters across the county from 2018 through 2019. You can claim up to $2,400 for each existing employee.

Commercial Property Tax Incentives

A cost segregation study to increase cash flow by accelerating depreciation deductions and deferring income taxes.

R&D Tax Credits

Credits based on the types of activities performed on behalf of employees – An immediate source of cash, as well as a reducing your current & future tax liabilities.

Best Tax Mitigation Services in Ohio

Bring in the Experts for only $20!

With all the constantly changing & intricate tax landscape, staying on top of what you could be saving is a challenging game. From work opportunity tax credits to R&D tax credits, we’ll pull together a national network of CPAs, Builders, Realtors, and economic development authorities to make sure you are getting the most possible tax savings – at all times. With one easy (and tiny!) recurring monthly payment, you’ll have all your bases covered!

Clients that Saved Big:

Cost Segregation

Commercial Property Tax Incentives

Our commercial property benefit provider deploys a highly qualified team of professionals who comply with the IRS-endorsed Detailed Engineering Approach to execute all Cost Segregation Studies. This system ensures IRS guidelines are adhered to and benefits are optimized.

You qualify for these benefits if you’ve done these things since 1987:

  • Bought a commercial building or facility
  • Built a new commercial building
  • Expanded, remodeled, renovated, or restored a pre-existing facility
  • Paid for improvements on a leasehold facility

It only takes a 15-minute consultation to collect your pertinent business information to start the process! We’ll learn about your company and find potential ways to save on your taxes, compute your potential tax credits and incentives, and then map the course to getting your benefit!

Hiring Incentives

Work Opportunity Tax Credit

This Federal Work Opportunity Tax Credit (WOTC) was created in the mid-’90s by the Small Business Job Protection Act of 1996 and the Welfare-to-Work Tax Credit of 1996 to incentivize employers to hire and retain from certain target groups. Employers have claimed about $1 Billion each year under the WOTC Program. They can employ an unlimited number of qualifying individuals and follow a few simple steps to claim the tax credit.

You could qualify for the WOTC, especially If your business falls in one of these categories:

  • Restaurants
  • Retail
  • Manufacturing
  • Grocery

Nearly every business can benefit from the Employer Based Tax Incentives even candidates that aren’t qualified for the WOTC are often entitled to other tax incentives. Each time the Act passes, more companies are eligible for Employee based Tax Incentives, which enlarges the WOTC and other similar programs.

Employee Retention Credit

Covid and Disaster ERC

Under the CARES Act, if your business kept its employees on the payroll during the pandemic, it may be eligible to get the ERC tax credit. The ERC outlines the various eligibility requirements, but mistakes can delay your refund. Our ERC experts will apply for and get your ERC tax credit refund on your behalf.

You may qualify for the ERC if your business:

  • Was negatively impacted by Covid-19
  • Had limitations in commerce, travel, or group meetings
  • Paid federal payroll taxes and has an EIN
  • Hasn’t claimed the refund yet 
  • Has received PPP funding

Businesses may be eligible for 2020 employee retention tax credits of up to $5,000 per employee and $7,000 per quarter for Q1-Q3 of 2021 with a total maximum of $26,000 PER qualified employee! (2020- (Q1-Q3) 2021). Our service partner will help you see if you qualify for the credit and get you the credit! For example, a business with 100 qualifying employees would receive a $260,000 credit!

R&D

Research and Development Tax Credits

Our team includes professional IP attorneys with engineering backgrounds who comply with the IRS-required Comprehensive Project by Project Approach method. You can still take advantage of missed tax credits as the IRS lets companies go back three open tax years!

To see if you qualify, ask yourself:

  • Were you profitable in the last 4 years, or are you expecting to be profitable this year?
  • Do you have an average annual payroll of over $1M?
  • Is your company a C Corp, or S Corp/Partnership?

You might not have realized that your company qualifies for the R&D tax credit! If your company engages in activities and spends time developing or improving a process or product, engineering, designing, testing, or programming are considered Qualified Research Activities (QRE)!

OUR PROCESS

HOW IT WORKS

Our streamlined process is pain-free & simple. From start to finish, you’ll be asking yourself, “Why didn’t I do this before?”

#1

Consultation

Talk with our advisors to identify the best ways you can save.

#2

Analysis

We analyze your circumstances to find the best approach & strategy.

#3

Recommendation

After a thorough review, we prescribe the best course of action.

#4

Execution

We implement & do all the legwork for you!

COST SAVINGS CALCULATOR

CALCULATE YOUR SAVINGS

Enter your information below & fill out our cost savings calculator on the next page!

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F.A.Q.

Common Questions

I’ve already owned my commercial property for years and years-is it too late to get money back?

No-it’s not too late! The IRS says: “A taxpayer may conduct a cost segregation study on used property and then recompute its depreciation deductions for prior years”. We employ the “Catch Up” method to help clients who have older properties recoup their missed accelerated depreciation.

I want to save money with cost segregation-how do I get started?

We’ll perform a simple and quick initial consultation and generate a feasibility report to discover cash flow and NPV benefits (NPV: Net Present Value). This lets our experts determine your current tax status and assess your current tax status along with your business plans to see if you would benefit from our study.

What about compliance requirements?

No problem! Our platform is tested to fight fraud, reduce risk and obey compliance requirements.

Can’t my CPA just do all this for me?

The average CPA doesn’t have the time to delve into these tax incentive areas and often need some expert guidance-we come alongside to help your CPA help you.

I own a U.S. manufacturing company, how do I get my manufacturing incentive benefit?

One of our R&D Specialists will conduct a preliminary consultation over the phone to identify any potential QRE’s (Qualified Research Expenditures). If we identify any QRE’s, we then obtain your authorization to start working on your behalf. We don’t charge a fee until after all the credits are identified and utilized with your accountant.

I want to reduce my property taxes and get money back on what I’ve already paid. How do I get started?

 It’s easy-we just need your most recent property tax assessment and your authorization for us to work on your behalf. There’s no risk and we only get our fee when we get savings and/or refunds for you!

Why can’t my accountant just get the ERC tax credit for me?

With over 70,000 pages of tax code, it’s not reasonable for every CPA to be an expert on all of it. We specialize in this tax area and understand all the complexities involved in finding out your eligibility and calculating your refund.

Won’t I just have to pay the ERC credit back later?

No! Since it’s a refund of your payroll taxes, it’s YOUR money to keep! You get to decide what you do with it!

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Todd A Nye - Heartwood Advisors

Contact Us

Todd A Nye - Senior Advisor

toddanye@heartwoodadvisors.net

(513) 653-4325

8044 Montgomery Rd Suite 700-7357 Cincinnati, OH 45236

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