BRAYN is a niche consulting firm that guides businesses to greater value through tax credits and incentives, such as R&D Tax Credits, Cost Segregation, 179D, 45L, and Fuel Tax Recovery. The BRAYNiacs are a team of lawyers, engineers, and accountants with extensive industry experience hailing from Big-4 and other national consulting firms. We work collaboratively with your CPA firm to assist in the review, documentation, and substantiation of the tax incentives specific to your business. At BRAYN, we focus on building quality relationships where we are a key partner in driving business prosperity. Services Includes:
The Research and Development (“R&D”) Tax Credit is set to undergo changes in 2022 due to the Tax Cuts and Jobs Act of 2017 (“TCJA”). Up to the end of 2021, businesses have been able to immediately deduct R&D expenses. This is due to Internal Revenue Code (“IRC”) § 174, Research and experimental expenditures, which has allowed businesses to either deduct eligible R&D expenses in the current year or amortize the expenses.
On October 15th, 2021, the Internal Revenue Service (“IRS”) released Chief Counsel Memorandum 20214101F, which sets forth the information taxpayers must provide with administrative claims for refund or credit under Internal Revenue Code (“IRC”) Section 41, also known as the Research and Development (“R&D”) Tax Credit.
The Research and Development (“R&D”) Tax Credit is set to undergo changes in 2022 due to the Tax Cuts and Jobs Act of 2017 (“TCJA”). Up to the end of 2021, businesses have been able to immediately deduct R&D expenses..
PRESIDENT & CFO, VISUAL TERRAIN
“We really appreciate[d] BRAYN's proactive efforts to present additional tax incentives. [In addition to the R&D Tax Credit,] BRAYN was able to identify and assist ... us with 179D (Energy Efficient Commercial Construction) deductions for qualified activities that were conducted for government owned buildings. Once again, BRAYN demonstrated their commitment to their client."
PE, PRINCIPAL, HUMBER DESIGN GROUP, INC.
“During the course of the project, it was clear that BRAYN knew what they were doing and emphasized communication and transparency every step of the way. ...Their project team was able to take our QuickBooks and Deltek time tracking systems to conduct their analysis, which greatly reduced the time impact on our team.
PRESIDENT & FOUNDER, CASCO CONTRACTORS, INC
“We were under a very constrained timeline to complete the study before our statute and filing deadlines and BRAYN followed through on everything as ... promised and delivered results that exceeded my expectations, all while collaborating effectively with our team and our CPA firm to make this a very seamless effort with a great benefit."
