1st Tax Incentives Such as Equipment Purchase Deduction (Section 179)

This tax incentives provision allows businesses to deduct the full purchase price of qualifying equipment and software the tax year of installation. For 2025, the maximum deduction is $1.25 million, with a phase-out threshold of $3.13 million. This means businesses can deduct up to $1.25 million of the cost of qualifying equipment. Additionally, the deduction begins to phase out dollar-for-dollar after $3.13 million in purchases. ​

2- Bonus Depreciation

In 2025, businesses can deduct 40% of the cost of qualified property when the property is placed in service. This incentive applies to new and used property with a recovery period of 20 years or less. It includes machinery, equipment, and certain improvements. Currently, bonus depreciation is scheduled to decrease by 20% each year. Of course the property in question must be used in your business for taxable income producing activities.

3- Research and Development (R&D) Tax Credit

Businesses investing in R&D can benefit from this credit, which encourages innovation by offsetting a portion of research expenses. The credit amount varies based on qualified research expenditures. It can significantly reduce tax liability for companies developing new or improved products, processes, or technologies. Often the application process is where businesses lose out on this credit. That is why we began helping clients navigate the required paperwork. Our current congress hopes to restore full R&D expensing along with 100 percent bonus depreciation and an easier formula for net interest expensing.

4 – Work Opportunity Tax Credit (WOTC)

The WOTC provides tax incentives for businesses to hire individuals from certain target groups that face significant barriers to employment. Groups such as veterans, ex-felons, and long-term unemployed individuals are included. The credit amount varies depending on the employee’s target group, wages paid, and hours worked. In a nutshell, potential credits range from $1,200 to $9,600 per qualified employee. ​

5 – Energy Efficient Commercial Buildings Deduction (Section 179D)

This deduction encourages businesses to invest in energy-efficient improvements to commercial buildings. Eligible improvements include energy-efficient lighting, HVAC systems, and building envelopes. When the improvements achieve a 50% reduction in energy and power costs comparatively. The deduction can be up to $1.80 per square foot of the building. ​

6 – Qualified Business Income (QBI) Tax Incentives

This deduction allows owners of pass-through entities (sole proprietorships, partnerships, S corporations) to deduct up to 20% of their qualified business income. For 2025, the phase-out thresholds for the deduction begin at $394,600 for married filing jointly. For other filers the deduction threshold begins at $197,300, adjusted for inflation. ​

7 – Removal of SALT Deduction Cap:

The State and Local Tax (SALT) deduction cap, previously limited to $10,000, is set to expire December 31, 2025. This change benefits businesses operating in high-tax states by allowing a full deduction of state and local taxes paid. Potentially significant tax savings can result. ​

As business owners, you can benefit by staying informed about these incentives. Take a moment to consult with your with tax professional to effectively incorporate these into your tax planning strategies. Tax laws are subject to change, and professional guidance ensures compliance and optimization of available benefits.

Understanding the Incentive programs  

2024 brought an array of Incentive programs aimed at stimulating economic growth, ensuring financial stability, and addressing emerging challenges. These programs range from tax incentives for businesses to support measures for individuals and families. However, deciphering the eligibility criteria, benefits, and potential pitfalls of these programs can be overwhelming for the average person. This is where the expertise of a financial planning professional becomes invaluable.

Navigating Complexities with Expert Guidance

A financial planning expert possesses the knowledge and experience to guide individuals and businesses through the complexities of Incentive programs. They have a comprehensive understanding of the eligibility requirements, application processes, deadlines, and potential risks associated with each program. By collaborating with a financial planning expert, individuals and businesses can ensure they are making informed decisions and optimizing their financial opportunities.

Tailored Financial Strategies

Financial planning experts recognize that every individual and business has unique financial goals and circumstances. They work closely with their clients to develop tailored strategies that align with their objectives. Whether it’s optimizing tax benefits, securing funding for business expansion, or planning for retirement, a financial planning expert can provide personalized advice and solutions. Through careful individual need analysis and consideration, planners help individuals and businesses take full advantage of the 2024 Incentive programs.

Maximizing Benefits and Minimizing Risks

One of the primary advantages of seeking financial planning expertise is the ability to maximize benefits while minimizing risks. Financial planning experts possess a deep understanding of the potential risks associated with certain Incentive programs. With this knowledge they can guide individuals and businesses accordingly. This skillset helps them guide clients away from potential pitfalls, to informed decisions, and secures the maximum benefits available through the 2024 Incentive programs.

Conclusion  

Navigating the 2024 Incentive programs can be a daunting task without the right expertise. Seeking the guidance of a financial planning expert is key to successfully maneuvering through the complexities of these programs. By collaborating with a professional, individuals and businesses can ensure that they are making informed decisions. That information leads to higher optimization of their financial opportunities while managing potential risks. Embrace the power of financial planning expertise to pave the way for a prosperous financial future in 2024 and beyond.

The biggest obstacle we regularly face, is helping our clients understand government programs are real and legitimate. Those programs are the way our government encourages desirable business behaviors. You might already be practicing the behavior the government wants to reward you for doing. Why wouldn’t you accept their appreciation when it helps grow your business. To ignore the programs is to leave money on the table.

Americore Experience Yields Results.

For thirteen years Americore helped over 5000 clients receive money owed or save on tax bills. There are myriads of programs available to small and midsize businesses, yet they are rarely ever employed by those they were intended to help. Americore is intimately familiar with those programs. We know the documentation and information required for each program. We also know the proven program parameters and our clients have benefitted from our experience for years.

Our Knowledge Saves You Time.

That means we can quickly recognize which program will fit your business. The downside to using government programs is that the paperwork is cumbersome and complicated. The Upside to working with Americore, is that without any up front payments, we can guide you and your team through the application process. Trying to navigate the application process on your own often results in denials. Understanding application questions and program requirements is essential to receiving funds. With over thirteen years of experience, Americore has the expertise to guide you to approval time after time. Imagine your team, instead of applying and reapplying, working with Americore and getting the approval the on the first submission.

Instead of wasting time on programs that don’t fit, have your team or financial advisor talk to an Americore representative about which programs do fit. You can focus on plans that you and your firm are much more likely to benefit from. And that benefit comes much sooner than if you went after the wrong programs.

Learn if You or Your Business is Owed Incentive Money

Learn if your business is owed incentive, credit, or rebate money by speaking with an Americore advisor. We know the programs because Dennis Bays, CEO of Americore, has spent years investigating financially beneficial programs for clients. It is amazing to realize how rarely financial advisors use this prolific source of cash flow for their clients. Today, our focus is on guiding more business owners to funding opportunities, facilitating business growth and development.

We have become intimately familiar with a myriad of program opportunities, and we constantly watch for new possibilities. We aren’t trying to replace your existing team, but to work with them to maximize your cash flow through seldom utilized programs. There is considerable funding available, and not asking for your share is a waste.  Talk to us. Americore has a history of finding the Credits, Rebates & Incentives that businesses qualify for, but rarely ever know about.

Starting the Conversation…

Are you one of the 5000 clients we have saved thousands of dollars or freed up to millions of dollars for operating capital? If not, we should have a conversation.

Call our office at 747-224-8110 or contact us here. Tell your Americore Group representative what you’re looking for, and we’ll tell you how we think we can help you make that happen.

If you’re a US Business Owner, you need to attend this Tax Savings Summit. It will reveal industry experts’ secrets for reducing tax bills and it’s just around the corner. The virtual tax savings summit doors open on August 29. Over a three day period, attendees will have access to the networking roundtable, Speaker Q&A breakout rooms and a Tax Savings Workshop.

The Tax Savings Summit is the Best Time Investment this Year.

We know you’re busy, so the Tax Savings Summit is organized to make the most of your time. It is chock full of successful advisors speaking on ways to lower your tax bill without raising any flags. These guest speakers have been featured in the Wall Street Journal, HuffPost, Forbes, ABC News, Entrepreneur and The Washington Post. They are consummate professionals, with critical information to share on tax savings and various methods of legitimately growing your wealth.

Americore’s own Dennis Bays is speaking on August 29^th  on Employee Preventative Health Program.  We hope small business owners will attend to learn how to improve employee retention, while saving money on mandated health benefits. We think you’ll love this, and other tax saving and wealth preservation topics covered by summit speakers.

It’s the Best Financial Investment this year

The cost of the summit is incredibly low. You don’t have to travel to it because it’s virtual. There are no registration fees but for a small add-on, you can get the All-Access Pass which includes 18 additional BONUS speaker interviews.

Add the VIP experience too, for a more personalized event. As a VIP, you’ll  receive a swag box delivery and 3 exclusive LIVE sessions with the summit host and other speakers. Here’s the thing, regardless of the level of access you pick, this is a great opportunity to learn more legitimate ways to save taxes and grow wealth.

There is Still Time to Register

Because the Tax Savings Summit is a virtual event this year, we’ve been able to accept more registrants. That means there is still time to register and enjoy the full benefits of the event. But the event is in eleven days, so register now to secure your opportunity to get critical wealth preservation information. It will be your most valuable 3 days of the summer, and it won’t encroach on Labor Day weekend celebrations.

Why So Many Tax Savings Summit Speakers?

Not all growth methods fit your situation, but in a room full of experts, your chances of finding a good fit go up exponentially. The Tax Savings Summit guest speakers bring a wide range of experience and knowledge. You listen and then choose the right solutions for your tax savings and wealth preservation.

If you’re a client of Dennis Bays at AmericoreUSA.com, for instance, you’re familiar with his wide range of financial expertise. His knowledge in government and investor programs designed for small businesses, has saved millions of dollars for US entrepreneurs. What you may not realize, is the importance of being of service to  US-based business owners. Dennis’ participation in the Tax Savings Summit is one more way he shares his time and knowledge for the benefit of others. If you’re ready to start a conversation, call our office at 747-224-8110 or contact us here. Tell your Americore Group financial advisor about your goals, and we’ll tell you how we  can help you make that happen.

We’re more than halfway through the year, and if you haven’t already done so, now is a great time to review your progress on financial goals for 2022. Checking on your progress to your saving, business, and retirement goals now gives you time to adjust your approach if needed.  No worries: we’ve got a few short steps to help you with your mid-summer financial checkup.

Step 1. Review Your Annual Goals

At the beginning of the year, when you set all those new year’s resolutions, did you also set your financial goals for the year?  In a first step of your midyear financial checkup, review the budget and goals you set.  Is your spending on track or below it?  Taking into consideration this year’s markets, are your investments delivering the results you realistically looked for?  Are your income streams where they should be? 

If you aren’t satisfied with your progress on your financial goals, make some changes. When a business project is only generating losses, and they are beyond your expectations, it’s time to look at methodology.  If your personal expenses are out of line, look at what you can change to bring them back into range.

Americore has programs that can help you free up funds and make the necessary changes.  While the first half of 2022 markets were dismal, there may still be some ways to improve on your returns. If you have questions on strategies and opportunities, talk to the advisor you can trust.  It costs you nothing to start a conversation with Dennis Bays, but it could save you a lot.

Step 2. Review Your Retirement Savings

No matter how far or close retirement is, a review of your retirement accounts is never amiss.  Check the goals you set and compare them with your retirement savings.  See if you are on target to meet or exceed those goals.  This review is more about how much your contributions are, not the balances of those accounts. Given this year’s market performance, your balances may be frustrating, but think in terms of maxing out contributions.  Then set attainable increases for each year, like one or two percent higher contributions.  Though it rarely destabilizes the rest of your budget, it feels good to see your contributions rise.  

And don’t forget to improve your contributions by making realistic, reachable savings goals using Blue Apple programs wherever possible. Americore programs that can make early retirement a reality.  Ask us about ways to make that happen.

Step 3. Make Some Tax Reduction Moves

Americore  Blue Apple financial solutions can help you with often missed tax credit and rebate programs.  Programs, such as the Blue Apple health care benefit program is a government sponsored plan that not only saves money, but actually offers rebates. If you aren’t using at least one Blue Apple tax credit program, you’re leaving overlooked money on the table. This collection of opportunities contain legitimate government developed program to assist the growth of small and mid-sized businesses in America.  Other incentives are designed to funnel more of a certain type of behavior.  When you can save taxes through activities you’re already engaged in, it’s rash to bypass those savings.

Making your Financial Checkup Easier

Some financial advisors love to speak over their clients to as a way to act superior.  At the Americore Group, we want to share our investment and savings knowledge so you can benefit.  Period.  We don’t want to make it mysterious or complex.  At Americore, we want to show you new ways to benefit more from your investments.

Let us help, without replacing your own advisors or costing you more.  We work with your team  to use often missed tax credit and tax reduction opportunities.  If your midyear financial checkup revealed you’re off course, call our office at 747-224-8110 or contact us here.  Tell your Americore Group representative  what you’re looking for, and we’ll tell you how we think we can help you make that happen.

What a Financial Advisor for Business Knows

As a financial advisor for business or individuals, Dennis has to work with clients to reveal their values and goals.  He knows that not defining values, creating goals and planning, is a sure recipe for falling short of targets. After years of watching certain programs create wealth for his clients, Dennis realized some facts should be shared.  There is a better financial future out there, and there are steps that can help you reach it.

Define Your Values

Values are those qualities and principles in life that are desirable to you. Before you set goals, figure out what you want out of life or out of your business venture. Without that first step, it is impossible to create a sound financial strategy.

Before a financial advisor for business gives recommendations, they start by going over which investment options are attractive to you.  This is one of many methods of discovering your values.  You can facilitate this process by asking yourself: what is important about money to me?  Values have different meanings for different people but are always based on an emotional response.  Values like independence, freedom, achievement, balance, family care, making a difference, security and self-worth are all powerful emotional ideas.  And they are all responses to the question of what money means to people.

Set Goals

You reflected on your values, those intangible emotional powerhouses.  Goals are the tangible results from your values.  Your goals can change along the way, but setting them creates the framework for your financial plan for your future.  We recommend clients lay out each goal in writing and then go back and rearrange by order of priority.

This is the guideline for you and your financial planner. Too often we hear 30-somethings state a goal of retiring at 40. When we look at the financials, we see a 401K and a small life insurance policy that doesn’t support those goals. If you have aggressive goals, you need to prepare for them aggressively.

When setting your goals, keep them realistic and specific such as: I want to retire December 31, 2032.  Discuss goals with your Financial advisor for business and personal goals.  If you are a business owner, you will need to plan how to reach retirement by your goal date, and your exit strategy. Once you and your financial advisor know the goals, you can develop a plan.

Map out a Plan

If values are intangible ideals and goals are the tangible results of values, then plans are the roadmap to goal achievement.  By working out how to reach your goals, you make it more likely to reach them.  The how may be investing more, using more grants and tax credits, or it may be more structured allocation of funds.  Any plan you work out with your financial advisor should include smaller goals along the way. 

For instance, if Jim wants to go on a trip with his wife when he retires, he will need to grow enough funds to pay for the trip.  If the trip will cost $10,500 , Jim will need to set aside around $292 monthly, or $3,500 a year.  By breaking the bigger goal into smaller amounts, Jim can check how he is advancing toward his goal and make adjustments before it is too late. If by the second year, Jim realizes he missed contributing to the goal, he may need to up the contribution, change the destination or figure out how to bring in more funds for the trip.

By making these changes, when Jim retires in three years, he will have the money to take their celebratory trip.  They won’t have to deplete other accounts as a reaction to missing the financial goal. Your goals may be bigger, but the concept is similar.  Set the goal and make a plan to reach it.  Then set smaller targets so you can measure your progress to the bigger goal.

Check Your Current Financial Status

Four simple questions will give you the key to your current financial status.  Just like your google maps, you can’t get directions on how to reach your destination unless you share your current location.  Gather your financial information and answer these questions as fully as possible.

1. Do you have enough money set aside for emergencies?
2. Are you accumulating enough wealth to achieve your goals?  If you are retired, this question may be, “Are you accumulating enough wealth to sustain your quality of life?”
3. Have you accumulated too much debt? 
4. Do you have enough insurance to protect your plan?

Emergencies, debt, illness and injuries as well as unforeseen claims can destroy any financial plan if not included in the plan.  You can’t prevent them, but you can set aside funds to alleviate the loss. 

Get The Help You Need From Your Financial Advisor for Business

No matter what programs and plans help you to reach your financial goals, the first step is defining your values.  A financial advisor for business like Dennis Bays can help you reach your financial goals within those defined values.  It’s time to start the conversation with Americore.  You’ll be glad you did. Call our office at 747-224-8110 or contact us here.  Tell your Americore Group representative  what you’re looking for, and we’ll tell you how we think we can help you make that happen.

Tax Saving Action #1: Check Your Tax Withholdings

This one is a simple item to check off.  As a W-2 employee, even when it’s your company paying you, make sure you double check your tax withholdings.  The self-service IRS Calculator is free and it’s easy to use.  It is also a quick way to check whether the amount you withheld is the right amount from your pay.  Grab your most recent pay statements (and your spouse’s), other income information, and your most recent income tax return.

If you do not withhold enough in taxes, you might be surprised by how much money you still owe when you file your income taxes.  If you are withholding too much, you might get a larger refund, but you could be investing that money each paycheck. This tax saving action enlightens you on what to expect, allowing you to make an informed decision. 

The calculator is a nice tool for most people, but when your tax situation is more complex, it is better to use instructions in Publication 505

Tax Saving Action #2: Donate to Tax Exempt Entity of Your Choice

Usually it makes sense claim your charitable donations only if you itemize your deductions.  Before you donate, you can check the organizations Tax Exempt status by entering the organization’s name or employer identification number on the IRS Organization Search Tool.  Under the CARES Act, you can now claim up to $600 for cash donations by non-itemizers. When you know how much to donate, you have another tax saving action to take.

Tax Saving Action #3: Contribute to your Retirement Savings

There is still time to contribute to y our 401K retirement account.  You can still contribute until your last paycheck or December 31, 2021.  The contribution caps only apply to what you put in.  your employer’s contributions don’t count toward your aged defined additional 401(k) contribution limit.  Employers may have a longer period to make matching contributions. IRA contributions are different.  Those can be made until April 15, 2022.

Since we are mid-December, waiting is a bad idea.  Act now to get the corrections onto your last paycheck of the year. Wondering who to contact?  Normally, the human resource department of your employer handles that. 

Tax Saving Action #4: Retrieve Any Reimbursements Due for 2021

If you have a Flexible Spending Account, (FSA), that reimburses your out of pocket expenses related to healthcare or dependent care costs with pretax money.   Check with your employer on whether you need to use your FSA funds by December 31.  If you fail to do so, you could lose those funds, unless your employer uses a rollover feature or offers a grace period.  If you paid for healthcare and forgot to submit the paperwork, submitting now could be a nice reimbursement.

Tax Saving Action #5: Check your Stock Values

This one is not as clear cut as some of the other year end strategies.  Check your stock values.  Selling stocks that gained value and paying the capital gains taxes is a good strategy.  If you are in a lower federal tax bracket, you might not need to pay capital gains tax.  Even if you’re in a higher tax bracket, sometimes it makes sense to sell stocks doing well.  Re-buying them as a way to reset the baseline stock price and reduce future capital gains taxes. Become informed to know which tax saving action will benefit you most. 

Talk to your investment advisor if you already work with someone.  If you don’t already work with an advisor, we should have a conversation.  It costs you nothing but time and you’ll be glad you invested the time.

Blue Apple Tax Review Relieves Capital Needs

Let’s take taxes as our first example of the possible ways in which Americore Blue Apple Financial Solutions can provide relief for your business. We call this Blue Apple Tax Advisory.  It is our exclusive process of reviewing your existing tax position, tax obligations and tax history. In the process, Americore’s team of tax analysts and tax attorneys comb through your business tax filings and find opportunities.  Most business clients are able to reduce their tax burden by as much as 30%. 

Additionally, through our Blue Apple Tax advisory  service, it is common for our clients to discover saving opportunities.  Our team has found tax overpayments, and/or tax credits which can be applied years after the original filing.  The results reveal business clients can qualify for tax refunds and repayments. The tax savings varies for every client. With that said, several of our clients have generated six figure tax benefits with just this one program. Coupling a tax review with future tax planning provides complete Blue Apple Tax Advisory services.

Accessing Blue Apple Corporate Capital

Saving money on taxes is always a great way to make a new or existing client excited to work with Americore, but that’s just the start. Corporate Capital is often a barrier to business growth. Getting access to the right capital can make or break a company. Equally important to getting financing is the structure of debt. Repayment can make or break a company too. Cash is the fuel to your business engine; Americore Blue Apple financial Solutions prides itself on delivering high octane tailored solutions with logic based underwriting.

Financial Options and Solutions

Americore Blue Apple financial solutions has access to both conventional and alternative funding sources. That means your business can have a variety of options that will work for you. Working with national lenders or local institutions offer different benefits and are extremely relationship driven. Americore has an established, well-known reputation in the financial community with several outstanding banks.

An Established Network of Sources

Similarly our financial strategists have developed a comprehensive network of alternative funding sources. This network extends well beyond basic cash lending.  We can assist in real estate acquisitions, refinance, equity credit, rehab, investment properties and limited partnerships. Is your expansion driven by a growth by acquisition model? Purchasing a business can require creative capital infusion. It may demand cash flow applications, short- or long-term liquidity or other techniques that specialized financers provide. Access to these unique capital sources, widely unknown even within the financial industry, is another niche service Americore provides.

Americore – Positioned to Offer Comprehensive Financial Solutions

Americore is a team of experts providing comprehensive financial solutions for business finance and private wealth management. Our Blue Apple solutions bring creative results to complex issues both new and lingering.  There is no fee for our initial discussion, and many of our Blue Apple financial program fees are performance based. Let us help your business serve you better. Taking you to the next level may be just an idea away.

Everyone needs money to operate, whether on a personal, corporate, or government level.  Perhaps that is why finance is divided into these three subcategories.  This Finance 101 article covers the basics of personal finance.  Our next article will follow up on Corporate finance.

Personal Finance

The term personal finance refers to managing your own money, including earning, investing and saving it.  In our personal finance 101 money management, we’ll cover general budgeting, banking, mortgages, investments, tax planning and  retirement planning.

Budgeting

Maybe you are comfortable with your cash flow.  Maybe you are using the same budget you set up years ago.  It is just possible, that with a closer look you could find ways your money could work smarter for you.  Regardless of your income level and whether you love or hate budgets, they are beneficial.  Budgets reveal the true picture of where you stand…and where you could be.  You need this knowledge to set goals to get to that place.  If you are new to budgeting, using a worksheet simplifies the math.  Microsoft office offers its subscribers a customizable free budget worksheet or you can search for an app to help you plan your money.   

Once you see where your funds are going, figure out your financial goals.  Decide how much you can put into savings, or investments or retirement planning to reach those goals. This is a good opportunity to re-evaluate how you use the money you have.  When you are unsure of how to make money decisions, it’s time to speak with a financial advisor.  Americore professionals know money and can provide tools for better decision making. 

Personal Banking

Once, banks were a good way to protect the money you were saving.  Today, banks handle a lot of different types of transactions.  That is good, since transactions are becoming more electronic in nature.  It the simplest of banking transactions, money needs to be moved into a bank account for you to make electronic payments out of that account.  After you made your budget, you can look it over to see how most of your money is placed.  Compare bank services and pricing to figure out which bank offers the best bang for your buck.  ( Note: Make sure those fees are in your budget.)

 Mortgages

Interest paid on a mortgage is low compared to the interest rate on other credit.  Not only is the cost of funds low, but it is also tax deductible.  It makes sense to buy a residence instead of renting it, so you can enjoy those potential savings.  With that said, mortgages have gotten some homeowners into financial difficulty. 

 Here are some thoughts to keep in mind.  Budget your entire PITIA mortgage payments, (principal, interest, taxes, hazard & mortgage Insurance, and association dues)  based on your lowest expected gross monthly income.  Even if your taxes and insurance are not escrowed, budget for it.  You have to pay it anyway, so bank it until it is due. 

 If you qualify for a mortgage based on overtime income, you might be in a tight position without that overtime.  Review your budget. Generally, mortgage underwriters prefer monthly housing payments that don’t go over 38% of your gross monthly income.  If more of your money is committed elsewhere, you may want to reduce your budgeted monthly housing payment even more. 

Personal Investments

Commonly held principle:  The value of non-invested money erodes over time.  While others are earning different returns on their money, your money socked away in your mattress is losing the value it could have accumulated.  It will also have less buying power when you retrieve it due to inflation.  This is so fundamental that there is a formula for the value of money over time.   If PV is present value, FV is future value and r is rate of interest, the formula is as follows:

 If you are interested in making more investments on your own but not sure how you want to proceed, get investment advice here.

 Tax Planning

You plan to pay taxes.  Hey, that’s a great tax planning strategy, but we would like to get a little more specific here. How much taxes you pay and when can vary by an incredible amount, based on the knowledge of your advisor, your communication with them, and how well your advisement team works to strategize.  Nearly every financial decision you make has tax consequences, from buying a toy to the investments you make.  Planning ahead can save you money and sometimes make that money available much sooner than you expected.  Americore knows Blue Apple tax savings programs designed for businesses like yours.  Contact us or call today to learn how we can work with your team to enhance your savings.

 Retirement Planning

Are you ready to retire today?  If you can’t answer in the affirmative, you could benefit from a conversation with an Americore professional.  Maybe you were set until your accounts took a hit during the great recession.  Whether you prepared and had a setback, or failed to prepare enough, retirement doesn’t take care of itself.  To save enough for the retirement you want, you need to make a plan.  If you are over 40, you may already need to invest more while you are still working to fund your long term plan.  You may also need to consider ways to invest smarter. 

All of these topics are part of our personal finance 101.  The key takeaway here, is planning.  Not everyone is comfortable with charts and numbers.  Americore works with a wide range of clientele.  Some want personal financial guidance, and some look for corporate financial assistance.  Getting the help you need is as easy as opening the conversation with your Americore Financial advisor.  You’ll be glad you did.

You want your business to do well.  The government wants your business to do well too.  In fact, the government will help your business succeed.  If you succeed, you will need to hire more employees, and that will benefit the economy. To help you reach this co-beneficial goal, both Federal and state governments are offering tax credits and tax incentives. 

The programs are designed to encourage you to start a business in a depressed economic area, or to implement innovative research or grow your business.  Many business owners assume their business won’t fit into the criteria for good incentives.  That is where your financial advisor like Dennis Bays of Americore comes in.  Americore uses a  group of unique programs, known as Blue Apple programs, with high benefits to enhance small business growth.  The programs are underused, mainly due to inexperience with them.  Americore representatives are super informed on every nuance of the programs.  We’ll work with your advisors to leverage the programs that are most valuable to your firm. 

The key to using the programs is understanding them when and how to best implement them.  We will go over some of the programs here in an overview.  To truly understand the program fit, you should contact your BlueApple professional at Americore and discuss it with them.   The conversation could save your millions of dollars.

When to use the Federal Research and Development Tax Credits

Also known as the Research Tax Credit, the federal research and Development Tax Credit is a wage based tax reduction that rewards companies for investing in eligible research.  There seems to be a general popular belief that this credit is only for technology and pharmaceutical companies.  It is NOT.  It can be used by engineers, architects, manufacturers and other types of businesses that qualify.  The programs may involve dollar to dollar tax credits or might offer tax incentives.  Check with your Americore representative to find out if this programs fits your business.

When to use Investment Tax Credits

The federal government wants to encourage you to invest in your business.  They want to help your business succeed badly enough to reward you for making that investment.  Eligible Individual or businesses may deduct a certain percentage of investment costs from their taxes.  To be clear, this is in addition to normal allowances for depreciation.  The percentage deduction for an investment tax credit is offered at the time an asset is purchased.

This is not a new tax credit, but it is misunderstood and underused.  It was created in 1962 to fend off foreign competition to American business.  It has evolved to use as a tool of pollution control, energy conservation and green technology as well as other development.

With decades of financial experience, Americore realized that many other advisors, investors and CPA’s were not using these and other incentive and financial programs completely.  So Americore picked out some of the best Blue Apple programs and researched every aspect of those programs.  Because they have used the programs for years, Americore professionals have the experience to know when an incentive will help and when it is not a good fit, far sooner than most people realize it.  The government wants to help your business succeed and Americore can facilitate that step. It is time to open the conversation.  You will be glad you did.