Has anyone used or considered using tax credits to reduce corporate taxes?

professional profile

August 08, 2023

by a professional from Harvard University - Harvard Business School in Boston, MA, USA

I am one of the co-founders at Concentro, a tax credits startup and would love to get USA search owners' perspective on using tax credits to reduce tax liabilities and increase post-tax income. It has historically only been available to larger banks/corporations but now with transferrable tax credits it could be an interesting product for small and medium sized companies.

To give a bit more context, tax credits are a $ for $ taxes reduction that can be purchased from clean energy projects at a discount (e.g., 90 cents on the dollar).

Again, as part of our customer discovery process, I would love to get owners' (or search CPAs/advisors') perspective on whether using these type of financial instruments can be interesting for search businesses (and potentially be of help if there is interest).

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commentor profile
Reply by a professional
from Walsh College of Accountancy and Business Administration in Detroit, MI, USA
Thanks ^redacted‌. Inigo and I have a call set up to discuss this live vs in this forum due to the tax laws that are at play and how they apply differently to different taxpayers.
commentor profile
Reply by a lender
from Clemson University in Reston, VA, USA
I’m extremely well versed in this topic sorry I’m late to the discussion there are two considerations one for the value basis and one for the cost basis. Happy to discuss further redacted
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