Financial Strategy

5 Ways to Improve Profitability through Energy Efficiency

5 Ways to Improve Profitability through Energy Efficiency

A constant, challenging goal is improving profitability. Daily emergencies keep us busy – it’s easy to “wait until tomorrow” to address systemic issues that eat away at profitability. Or, as famous author Peter Drucker puts it, “Profitability is the sovereign criterion of the enterprise.” Minimizing overhead is the fastest, most predictable way to improve your bottom line, versus painful measures like raising prices or reducing head count. Let’s look at five ways that improving energy efficiency will improve profitability.

9 R&D Tax Credit Myths that Cost Your Business Money

9 R&D Tax Credit Myths

I’m introduced to the owners and leaders of manufacturing and technology-based companies virtually every day and I find it interesting there’s such a large number of businesses that are unaware or unfamiliar with the R&D tax credit and the financial benefits it can provide their companies. In particular, federal and state R&D tax credits allow companies that develop products, processes and software to offset their income taxes by as much as 20% of the costs incurred in their development efforts.

5 Ways Energy Efficiency Will Increase Your Business Profits

5 Ways Energy Efficiency Will Increase Your Business Profits

As a business owner, improving profitability is a constant, if not a somewhat elusive, goal. It’s easy to get caught up in the daily fires that consume our time and attention. A disciplined focus on maximizing profits must be our foremost concern as the surest path to business success. Let’s look at five ways that lowering your energy consumption will improve your profitability.

Strengthened R&D Tax Credit

When can you recall new tax laws being good news for manufacturing? U.S. manufacturers and technology companies are only beginning to realize that federal income tax provisions contained in the Protecting Americans from Tax Hikes (PATH) Act of 2015 are certainly worth being excited about. The PATH Act, which was signed into law in December 2015, made the R&D tax credit a permanent piece of the federal tax code and created additional benefits for small and startup companies.

Engineering Based Cost Segregation

Are you the proud owner of a Commercial or Multifamily property or other professional buildings? If you aren’t depreciating your property as quickly as permissible under current law, you may be grossly overpaying your federal income taxes. Engineering based cost segregation can help.

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