Identifying $3 Million in Incentives for an International Manufacturer Across Numerous States

Top 3 Areas of Impact

$3 million in above-the-line savings over five years

Utility incentives identified at five locations in three states

Client is expanding services into three additional states 

Summary

Learn how BDO helped a Fortune 100 manufacturer uncover cost savings through a review of state and local tax credits and incentives. 



SERVICES PROVIDED
State & Local Tax Credits & Incentives

Meeting in manufacturing area

Challenge

An international Fortune 100 manufacturer needed help understanding and taking advantage of the credits and incentives available in the many states where it operated. Although the company had efficient accounting practices in place, BDO sought to uncover opportunities that the company had not identified.

Recommendations

Working with the client’s in-house tax team, we reviewed the company’s business operations and previous tax returns against available credits and incentives for every state in which the client operated.

Results

Even companies with well-resourced tax departments can uncover new opportunities with a strategic credit and incentive review by an experienced advisor.

Tim Schram
Tax Principal, State & Local Tax Credits & Incentives National Leader