Tax Credits
Including but not limited to the following:
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Employee Retention Tax Credit – our lawyer provides eligibility assessment and support during audits.
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Historic rehabilitation credits – state and federal. We partner with a historic preservation consulting firm.
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Facade preservation, easements, and reforestation of economically depressed urban environments.
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NYC Green Roof Abatement
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NY Agricultural Buildings Tax Credits
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NY farmers & Commercial Horse Operator’s Sales Tax Exemptions
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Yonkers Empire Zone
Reconstructed building in Kyiv, Ukraine
For more information on Tax Resolution and Tax Credits, please visit
achievetaxrelief.com
Tax Credits
A tax credit is a financial benefit provided by the government that allows taxpayers to directly subtract a specific amount of money from the total income taxes they owe. Unlike tax deductions that lower the taxable income, tax credits have the unique advantage of directly reducing the tax amount due, resulting in potentially significant tax savings.
Tax credits can be broadly categorized into three fundamental types:
Non-refundable Tax Credits
These credits can effectively reduce the tax liability to zero, ensuring that no additional taxes are owed. However, they do not provide refunds or cashback if the credit amount exceeds the tax due.
Refundable Tax Credits
Refundable tax credits are more versatile. Not only can they reduce the tax liability to zero, but they also have the potential to provide a refund for any remaining credit amount beyond what is required to offset the tax due.
Partially Refundable Tax Credits
These credits offer a hybrid approach. While they can reduce the tax liability to zero, they also have a refundable component that enables taxpayers to receive a partial refund if the credit amount exceeds the tax due.
Our Approach to Tax Credit Services
At The Bee Dance, our Tax Credit Specialists take a personalized approach to your tax credit needs. Whether you're an individual looking to reduce your tax liability or a business seeking opportunities to lower your tax burden, we have the expertise to guide you.
With in-depth knowledge of tax laws and regulations, we spend substantial time calculating and supporting any tax credits a company might claim on tax returns. The Bee Dance's CPAs are your partners in making the most of these opportunities, ensuring you don't leave money on the table.
How The Bee Dance CPAs Help
Expert Guidance
Our CPAs are well-versed in the intricacies of the US tax code. They can provide expert guidance to help you identify the tax credits that apply to your unique financial situation.
Tax Planning
We go beyond mere compliance by developing tax-efficient strategies to maximize the benefits of available tax credits. We'll help you structure your financial activities to take full advantage of these opportunities.
Compliance and Documentation
Claiming tax credits requires accurate and well-documented financial records. Our CPAs ensure your financial statements and documentation meet the requirements for claiming these credits.
Optimized Returns
The Bee Dance CPAs work diligently to ensure that you receive the maximum tax benefit by identifying all eligible tax credits and incorporating them into your tax returns.
Ongoing Monitoring
Tax laws are subject to change. Our CPAs continuously monitor changes in tax legislation to keep your financial strategy up to date, ensuring you never miss out on potential tax credits.