“One of the most important benefits we receive from MRC is an independent look at what we’re doing. They’re able to make recommendations based on our peers in manufacturing. This eliminates many trial and error mistakes we would have made trying to implement programs on our own. MRC also sets up company tours so we can see new programs being utilized"... read more — Jerome Richards Quality Assurance Manager Bally Ribbon Mills

MRC helps clients maximize state and federal tax incentives, increase cash flow, minimize tax payments, and increase ROI.

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 Study
Under United States tax laws and accounting rules, cost segregation is the process of identifying personal property assets that are grouped with real property assets, and separating out personal assets for tax reporting purposes. A cost segregation study identifies and reclassifies personal property assets to shorten the depreciation time for taxation purposes, which reduces current income tax obligations.  Click here for more information on conducting a Cost Segregation Study.

LIFO Inventory Tax Planning
If inflation were nonexistent, then all three of the inventory valuation methods would produce the same results. Unfortunately, the world is more complicated.  Over the long term, prices tend to rise, which means the choice of your accounting method can dramatically affect your valuation ratios for tax purposes.  LIFO assumes that the last unit making its way into inventory is sold first.  The older inventory is usually less costly; therefore, it is left over at the end of the accounting period. To find out more, Click here.

Energy Efficient Commercial Building 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 for more information.