These are conversations worth having with your Rea advisory team now , rather than reacting to changes after they ' re implemented .
Energy and Sustainability : Opportunities You Might Be Missing
Here ' s something many businesses overlook : the Advanced Energy Project Credit and Clean Energy Manufacturing Credits can provide up to 30 percent of qualified investment costs . Whether you ' re considering facility upgrades , implementing energy-efficient systems , or exploring renewable energy components , these incentives could significantly impact your bottom line .
For construction and real estate developers , green building incentives and energy-efficient building credits offer more opportunities to enhance project value while reducing tax liability . Distribution companies can benefit from credits for electric delivery vehicles and energy-efficient warehouse systems .
Planning for 2025 and Beyond
We ' re particularly focused on helping our clients prepare for 2025 , when many Tax Cuts and Jobs Act provisions expire . If you ' re operating as a pass-through entity , these changes could significantly impact your tax situation . Now is the time to start thinking about potential business structure adjustments and succession planning strategies .
Your Next Steps
Rather than giving you an overwhelming checklist , let ' s focus on three key areas :
Capital Planning : Review your equipment investment timeline and property improvement plans . With changing depreciation rules , timing these investments strategically could save you significantly . Documentation : Whether for R & D activities , energy credits , or construction costs , proper documentation is crucial . We can help you establish systems to track and document these expenses effectively .
Strategic Positioning : Consider how your business structure and operations align with proposed changes . This might include reviewing your locations , development projects , supply chain relationships , and energy efficiency initiatives .
Stay Informed Without Getting Overwhelmed
Tax law changes can seem overwhelming , but you don ' t have to navigate them alone . For deeper dives into specific areas :
Visit manufacturing . gov for comprehensive manufacturing policy updates . Explore IRS . gov for detailed tax guidance . Connect with your state business associations for local opportunities . Visit NAR . realtor for real estate specific guidance and try Construction Management Association of America for construction industry updates . For the latest news and information on distribution and logistics , check WERC . org .
Let ' s Talk About Your Specific Situation
Every business is unique , and what works for one might not work for another . Rea is here to help you develop strategies tailored to your specific circumstances . Whether you ' re concerned about immediate tax planning , long-term strategy , or specific proposals that could affect your business , let ' s have a conversation .
Contact our Rea industry team for a personalized discussion about your business ' s future . Together , we can turn these changes into opportunities for growth and success .
Staying informed doesn ' t mean you need to become a tax expert – that ' s what we ' re here for . Our goal is to help you understand what matters most for your business while providing the experience to handle the complexities .
Kaitlyn Robison , CPA , CFE
Principal , Practice Leader of Tax kaitlyn . robison @ reaadvisory . com
( 216 ) 573-2330
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