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© 2019 BlueCap Economic Advisors, LLC

BlueCap Economic Advisors, LLC

55 Avalon Road, Pennington, NJ 08534

Tel: 609-651-0684

Email: info@BlueCapEconomicAdvisors.com

 

Statutory Tax Credits

 

Federal, state and local statutory tax credits are available to businesses based on

business activity conducted in existing company locations.  Tax credits are typically

as of right, meaning any business activity relating to the tax credit will be eligible.  

 

BlueCap utilizes a proven methodology to review existing client locations on a

historical basis to identify eligibility for federal, state and local tax credits.  We

research all open tax periods for tax credit opportunities.

 

Many tax credit programs allow taxpayers to transfer unused tax credits to other

taxpayer(s) by statute.  BlueCap is experienced in assisting clients with the transfer

of these tax credits.

BlueCap utilizes a three-phase approach to identifying and securing tax credits.

 

Phase I - Tax credit benefit analysis

 Review tax returns, capital plans, employment data

•  Research potential tax credit opportunities

•  Prepare tax credit benefit analysis

 

Phase II - Application and documentation

 Determine which tax credits provide the greatest value

•  Prepare applications for submission to government agencies

•  Prepare support documentation

 

Phase III - Monitor progress

•  Develop a master tax credit calendar for annual review of eligiblity

•  Review annual eligibility

•  Review  new tax credit  programs for opportunities