BDO Seidman Collaborates to Provide “Going Green” Tax Benefits Service

The Grand Rapids, Mich. office of BDO Seidman, announced a strategic collaboration with Fishbeck, Thompson, Carr & Huber, Inc. a Grand Rapids, Mich.-based civil engineering, environmental, architectural/engineering and construction management firm. The new alliance will help regional businesses and the firms’ clients nationwide identify and secure the tax benefits that can result from reducing energy consumption and adopting other sustainable business activities.

The new collaboration blends the experience of BDO Grand Rapids’ energy-related tax professionals – who are part of the firm’s national Green Energy Tax Services team – and FTC&H’s green architecture and engineering experts. The new combination will offer businesses an innovative consulting service focused on a number of key areas, including state and local tax incentives, cost segregation and R&D tax credits. As an extension of its collaboration with BDO Grand Rapids, FTC&H has become a member of BDO Seidman’s nationwide Business Resource Network, which enables BDO to provide specialized client services such as those offered by FTC&H across all 37 of its U.S. offices.

“Increasingly, companies engaged in socially responsible business practices are realizing that their commitment to sustainability can also yield important tax benefits,” says Matthew Becker, partner and West Michigan Tax Business Line Leader at BDO Grand Rapids. “Our collaboration with FTC&H, a nationally recognized expert in green building design, will provide a whole new level of value for our clients, helping them to navigate the evolving and, at times, complex set of energy tax incentives offered at the federal, state and local levels.

“Whether a company is just preparing the shovel to hit the ground, or seeking to improve processes in an existing facility, these incentives can increase current cash flow, reduce tax liability, offset the cost of energy-efficient improvements and ultimately drive business growth.”