Case Study: a Fortune 100 manufacturer identifies $3 million in incentives with BDO

Fortune 100 Manufacturer uncovers $3 million in incentives with BDO

A Fortune 100 manufacturer engaged BDO to help understand and take advantage of state and local tax credits and incentives across its numerous operating states. Despite having efficient accounting practices, the company required BDO's expertise to identify savings opportunities it had not uncovered on its own.

BDO's State & Local Tax Credits & Incentives team reviewed the manufacturer's business operations and previous tax returns against available programs in every state where it operated. This strategic review identified utility incentives at five locations across three states, resulting in $3 million in above-the-line savings over five years and supporting the client's expansion into three additional states.