The manufacturing industry presents unique and significant opportunities for state and local tax reduction and recovery. The high cost of plant assets and escalating tax rates, combined with a multitude of exemption and credit opportunities, create an environment where effective property tax programs can have millions of dollars of impact on your company’s bottom line. Silver Oak Advisors offers manufacturing tax professionals and a network of independent litigators, appraisers and specialists to team with your in-house staff to ensure you are paying the lowest possible tax.
State & Local Tax Reduction Opportunities Silver Oak Advisors Examines For Manufacturers include, but not limited to:
- Exemption of equipment and raw materials used in the manufacturing process
- Obsolescence (physical, functional and economic)
- Capacity utilization
- Pollution control exemptions
- Job creation and retention credits
- R&D exemptions
- Freeport exemptions
- Plant description accuracy
- Supply and demand trends
- Nexus
- Managed compliance agreements
- Voluntary disclosure
- Construction contracts
- Fair market valuation
- Industry trend impact
- Physical inventory accuracy
- Manufacturing and technology investment credits
- Training credits
- Contract service and employment exemptions
- Ghost asset identification
- Fixed asset listing accuracy
- Asset reclassification
- Abatements
- Managed audits
- Packaging credit
Contact Silver Oak Advisors – 1-877-352-8616 or info@silveroakadvisors.com