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 it understand and take advantage of state and local tax credits and incentives across its numerous operating states. Despite having efficient accounting practices, the company needed to identify cost-saving opportunities it had previously overlooked.

BDO's State & Local Tax Credits & Incentives team reviewed the manufacturer's business operations and prior tax returns against available programs. The solution implemented by BDO identified $3 million in above-the-line savings over five years, including utility incentives at five locations across three states and paving the way for the client's expansion into three additional states.