Turn tax expenses into positive cash flow
A key to your growth can be maximizing federal, state, and local government tax programs designed to stimulate growth, incentivize businesses to join or stay in a community, and spur innovation. When you leverage these opportunities you can significantly reduce your tax burden and funnel capital back into your organization, even for past tax years through amended returns.
Ethics at the heart of tax credits and incentives
The world of tax credits and incentives is, unfortunately, rife with big promises and dangerous repercussions. At MGO, we always put your interests first. In all of our engagements we offer fixed fee rates that are not contingent on what we save you. This helps avoid IRS red flags and delivers you peace-of-mind.
R&D Costs Now Require Amortization Under Section 174
As of 2022, businesses are no longer allowed to deduct research and experimental (R&E) costs under Section 174. Instead, these expenses must now be amortized over five years (15 years for foreign-based research).
This change doesn’t just affect startups or high-tech firms — it applies to any business using R&D tax credits or engaging in product, process, or software innovation.
At MGO, we help clients assess how Section 174 interacts with their tax credit strategy — helping you align compliance with your cash flow goals. Our planning incorporates both the benefits of credits and the obligations of cost treatment, so you’re not caught off guard.
Tax Credit and Incentives Solutions
R&D Tax Credits
Power innovation by reducing tax liability through state and federal R&D credits.
Employee Retention Credit
Access payroll relief for organizations impacted by the COVID-19 pandemic.
Work Opportunity Tax Credit
Enhance your tax strategy with our Work Opportunity Tax Credit (WOTC) services. Benefit from potential credits for hiring qualified employees and support diversity.
Renewable Energy Investments and Credits
For governments, businesses, or nonprofits seeking financial incentives for renewable energy investments, understanding and utilizing available tax credits and funding mechanisms is essential.
Our Perspective, Your Benefit
Tax Leaders Ready To Serve You
As you grow, you face complex risks and opportunities. Benefit from hands-on guidance focused on delivering top-to-bottom value for you and your organization.
Michael Silvio, CPA
Tax Partner
Danielle Bradley, MBA
National Credits and Incentives Leader | Director and National Biotech & Lifesciences Industry Leader