More than ever, Certified Public Accountants (CPAs) are relying on their partners to provide clients with next level tax credit support.
CPAs are responsible for understanding and advising on the whole tax code as it applies to their clients, all while maintaining their ‘tax expert’ status. This responsibility is understood by the largest firms in the nation, but what about the smaller local and regional firms without all the resources?
Many CPA firms don’t have the time, staff, or expertise with niche tax credit services. The Employee Retention Credit (ERC), which provides assistance for businesses who were negatively affected by COVID-19, is an example of one of these.
You wouldn’t expect your family doctor to perform a specialized procedure like brain surgery, but they could refer you to a specialist who would. Similarly, the specialized tax credits require the work of specialists just like a healthcare specialization.
CPAs and tax credit consultants can partner to unlock more tax benefits for clients, therefore providing more value in their services.
Using trusted partners to fill the gap of expertise of service is an efficient way for CPA firms to offer specialized tax services.
Here at Incentax, we specialize in tax credits. Our team of experts partner with CPAs to uncover solutions for their clients and increase the value of their services. We help businesses find and save money with Cost Segregation, Business Suspension, the Employee Retention Credit, Research and Development (R&D) Tax Credits, and much more.