{"id":5439,"date":"2025-09-08T14:02:09","date_gmt":"2025-09-08T18:02:09","guid":{"rendered":"https:\/\/www.mgocpa.com\/?post_type=perspective&p=5439"},"modified":"2025-09-11T19:56:46","modified_gmt":"2025-09-11T23:56:46","slug":"mgo-stories-thinking-outside-the-tax-credit-box","status":"publish","type":"perspective","link":"https:\/\/www.mgocpa.com\/perspective\/mgo-stories-thinking-outside-the-tax-credit-box\/","title":{"rendered":"MGO Stories: Thinking Outside the (Tax Credit) Box"},"content":{"rendered":"\n

A conversation between MGO Tax Partner Michael Silvio<\/a> and MGO Chief Revenue Officer Bill Penczak<\/a> on how credits can unlock real cash for clients.<\/em> <\/p>\n\n\n\n

Bill Penczak<\/strong>: Mike, when we talk about MGO’s tax strategy for clients, credits come up a lot. Why are they such a focus? <\/p>\n\n\n\n

Michael Silvio<\/strong>: Because they\u2019re often overlooked, and they can be game changers. Credits like R&D<\/a>, cost segregation, 179D, and energy incentives can mean real money in clients\u2019 pockets. We don\u2019t just file tax returns; we look for ways to reduce taxable income through proactive planning.\u00a0<\/p>\n\n\n\n

Bill<\/strong>: Let’s start with R&D credits. A lot of people think they\u2019re only for high-tech companies. How do they apply more broadly? <\/p>\n\n\n\n

Mike<\/strong>: That\u2019s a big misconception. We\u2019ve helped manufacturers, food processors, even auto part designers claim R&D credits. The test is whether you\u2019re solving technical problems or improving products and processes, not whether you wear a lab coat. One of my favorite examples: two guys who started an aftermarket auto parts business landed a contract with a major automaker. We found them more than $750,000 in R&D credits over three years, and that helped keep their business alive during the 2008 downturn. <\/p>\n\n\n\n

Bill<\/strong>: That\u2019s powerful. What about 179D? Can you break that down? <\/p>\n\n\n\n

Mike<\/strong>: Sure. 179D is a deduction for the energy-efficient design of buildings and is available to developers, designers and builders that own these buildings. It is also available for the primary designers of government structures \u2014 think schools, libraries, hospitals. Most people assume you have to own<\/em> the building, but if you\u2019re the designer, you can also qualify. We had a design-build firm that had no idea this was even an option, and we helped them secure a $250,000 deduction they wouldn\u2019t have otherwise seen. Keep in mind that under the \u201cBig Beautiful Bill\u201d this incentive sunsets as of June 20, 2026.  Construction must begin before this date to qualify for this incentive. <\/p>\n\n\n\n

Bill<\/strong>: And cost segregation. How does that fit in? <\/p>\n\n\n\n

Mike<\/strong>: Cost seg accelerates depreciation for real estate owners by identifying components that can be written off faster. We do that work, which is rare for a firm our size. That means we can act quickly when clients buy or renovate a property, and we often tie it into other credit strategies to create more value. <\/p>\n\n\n\n

Bill<\/strong>: Sounds like planning ahead is key. <\/p>\n\n\n\n

Mike<\/strong>: Exactly, always. I was just on a call with a client who\u2019s running out of depreciation and facing big rental income. We didn\u2019t just tell them to buy another building; we connected them with passive-loss investments that offset the income legally. It\u2019s that kind of strategic, creative thinking that makes a difference. <\/p>\n\n\n\n

Bill<\/strong>: So, these aren\u2019t just tax tricks \u2014 they\u2019re real financial tools? <\/p>\n\n\n\n

Mike<\/strong>: 100%. And we tailor them to each client. No one-size-fits-all here. It\u2019s about understanding the business and finding opportunities others might miss. <\/p>\n\n\n\n

Bill<\/strong>: Appreciate the insights, Mike. <\/p>\n\n\n\n

Mike<\/strong>: Always a pleasure, Bill. Let\u2019s do it again. <\/p>\n\n\n\n

Want to see what tax credits<\/a> might be hiding in your business? Let\u2019s start a conversation.<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"

A conversation between MGO Tax Partner Michael Silvio and MGO Chief Revenue Officer Bill Penczak on how credits can unlock real cash for clients.  Bill Penczak: Mike, when we talk about MGO’s tax strategy for clients, credits come up a lot. Why are they such a focus?  Michael Silvio: Because they\u2019re often overlooked, and they can […]<\/p>\n","protected":false},"featured_media":5440,"template":"","meta":{"_acf_changed":true,"content-type":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"perspective_topic":[317,65,68],"perspective-type":[42],"class_list":["post-5439","perspective","type-perspective","status-publish","has-post-thumbnail","hentry","perspective_topic-mgo-stories","perspective_topic-tax","perspective_topic-tax-credits-and-incentives","perspective-type-articles"],"acf":[],"yoast_head":"\nMGO Stories: Thinking Outside the (Tax Credit) Box - MGO CPA | Tax, Audit, and Consulting Services<\/title>\n<meta name=\"description\" content=\"MGO leverages R&D, cost segregation, 179D, and energy incentives to cut taxable income and deliver savings through proactive planning.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mgocpa.com\/perspective\/mgo-stories-thinking-outside-the-tax-credit-box\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MGO Stories: Thinking Outside the (Tax Credit) Box - 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