BRAYN Consulting LLC
Due to the expansive definition of R&D for tax credit purposes, many of the building and building sub-system design and detailing activities performed by architecture firms during schematic design, design development, and construction documentation phases often qualify for valuable R&D tax credits. Federal credits are dollar-for-dollar reducers of tax of up to 8.0% of qualified expenses and over 40 states offer similar R&D tax incentives, often doubling benefits.
In December 2019, the president signed a bill that retroactively extended the 179D Energy Efficient Commercial Building Deduction, making the deduction available to architects, engineers, contractors, and property owners for building projects completed before the end of 2020. The Section 179D Energy Efficient Commercial Building Deduction provides for a powerful tax deduction of up to $1.80 per square foot for newly constructed or recently renovated commercial buildings.
BRAYN guides businesses to greater value through tax credits and incentives, such as R&D, 179D, and Cost Segregation. Our expertise includes industry-standard time tracking and job costing software, which provides for efficient cost analysis. We work collaboratively with your CPA firm to assist in the review, documentation, and substantiation of the tax incentives specific to your business. At BRAYN, we focus on building quality relationships where we are a key partner in driving business prosperity.