Taking Research and Development Tax Credits
OUR BLOG Our Published Article Back to Articles February 2019 JAMIE HERZLICH View Article PDF Link to Article Related Articles...
The growing worldwide water shortage problem is a large one. California is currently in the fourth year of its worst drought in recent history. Governor Jerry Brown recently issued an executive order mandating water use restrictions aimed toward reducing water consumption by 25%.
This means that only low-flush toilets and low-flow sinks will be available for sale after Jan. 1, 2016. Retailers will not be permitted to sell showerheads, toilets, urinals, bathroom, and kitchen faucets that violate the new standards. These provisions apply to commercial building owners installing new fixtures as well. Other states are experiencing similar water shortages and are expected to enact similar increasingly stringent restrictions.
Washington Governor Jay Inslee recently declared a statewide drought emergency expressing concern about the difficult decisions that must be made in allocating water among users. A 2013 survey of the world’s largest companies by Deloitte Consulting found that 70% of respondents identified water as a substantial business risk. With drought conditions threatening businesses in western regions of the country, managers are increasing their conservation efforts in order to boost their bottom line.
Like other naturally occurring events, water shortages can create large risks and opportunities for businesses. Recognizing the problem, most large consulting and accounting firms have published extensive coverage of the issue. These professionals can help their clients meet new legal mandates, reduce operating costs, and obtain available government rebates by conserving water.
Water conservation approaches generally fall into two categories:
The first approach involves innovative design techniques as well as cutting edge technology. Dual flush toilets, for example, have two separate flush options, one for solid wastes and another for liquid wastes. With this technology, both flush options are efficient but the liquid one uses even less water. A flush for solid waste uses about 1.6 gallons of water per flush while the liquid waste option only uses about 1.1 gallons.
For commercial building owners, this means reduced flush water usage of about 32% according to a recent study by the Department of Agriculture. Realizing this, managers of large corporate buildings are dramatically reducing water consumption. The Staples Center, for example, home to the Los Angeles Lakers and Los Angeles Clippers, conducted an energy audit and found that each of its 178 urinals used 44,000 gallons a year. By replacing them with waterless urinals, it has saved more than seven million gallons and $28,200 annually.
In addition, more cutting edge technology involves big data analytics, smart devices, and GPS. Irrigation software systems allow superintendants and groundskeepers to efficiently operate the entire irrigation system from their office. With the click of a mouse and the assistance of graphic screen displays you can adjust run times, cherry pick individual sprinklers, and adjust water pressure/distribution on a per sprinkler basis.
Setting the system so that it turns itself off automatically when it rains also saves water. Sensors not only have the ability to sense rain but also to gauge the level of rainfall or moisture in the soil and adjust water distributions accordingly. Other systems collect data from radio receivers that continuously gather precipitation and humidity data from weather stations. The data helps the computer make a decision on how much water to distribute at any given time. GPS and aerial photography allow users to simply tap a screen in order to activate the area that needs irrigation.
Technological innovation as discussed above is not the only way managers conserve water. The second approach involves behavioral practices. Some practical approaches for business include the following:
Many of the water conservation techniques described above are being incentivized by federal and state governments. In many western states, typical commercial rebates are available for the use of water efficient technology such as, high efficiency toilets, low-flow faucets, grass replacement, rotating sprinkler nozzles, and other efficient water use and irrigation technologies. In many regions, commercial interest in such rebates has been so overwhelming that applications have been limited to a first-come first serve basis.
With the growing worldwide water shortage problem, businesses around the globe are conserving water to save on operating costs. The need to conserve is forcing innovative developments in water technology while managers are beginning to think about organizational behavior to reduce water usage. Rebates are available to commercial users for water conservation efforts.
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Charles R. Goulding, Attorney/CPA, is the President of R&D Tax Saver, an interdisciplinary tax and engineering firm that specializes in R&D tax credits.
Michael Wilshere is a Tax Analyst with R&D Tax Savers.
OUR BLOG Our Published Article Back to Articles February 2019 JAMIE HERZLICH View Article PDF Link to Article Related Articles...
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OUR BLOG Our Published Article Back to Articles June 2021 By Charles R. Goulding View Article PDF Link to Article...
The proposed extension of the very successful Section 179D building energy tax incentive would, for the first time, cover houses of worship facilities and all other not-for-profit facilities. If enacted, the new law would be effective January 1, 2014.
The proposed extension of the very successful Section 179D building energy tax incentive would, for the first time, cover houses of worship facilities and all other not-for-profit facilities. If enacted, the new law would be effective January 1, 2014.
The current 179D legislation, which has been in effect for 8 years, has assisted tens of thousands of commercial buildings and government buildings in upgrading to today’s extremely energy efficient lighting and HVAC products. The government building incentive is provided in the form of a tax incentive for the design/retrofit team that accomplishes the qualifying energy retrofit. Worship facilities were not included in the original legislation
The Proposed EPAct Section 179D Tax Opportunity Under the proposed extension of Code Sec. 179D, design teams working on worship facilities who make qualifying energy-reducing investments would obtain immediate tax deductions of up to $3.00 per square foot. If the building project doesn’t qualify for the maximum of $3.00 per square foot immediate tax deduction, there are tax deductions of up to $1.00 per square foot for each of the three major building subsystems: Lighting, HVAC and the Building Envelope. The building envelope covers every part of the building’s exterior perimeter that touches the outside world including roof, walls, insulation, doors, windows and foundation. The tax incentive would benefit all dominations of houses of worship’s both big and small. Average U.S. House of Worship Designer Tax Benefit Illustration Open Table *Based on an average of 17,000 square feet per worship facility. Large Worship Facility Tax Incentive Illustration Open Table Worship facilities have challenging human usage patterns where it is crucial to upgrade to today’s products to greatly reduce operating costs. LED Lighting Prior generation lighting systems that operate seven days a week are extremely expensive. An LED lighting system with occupancy sensors that only turn the lights on when humans enter the worship facility can reduce lighting related energy costs to a fraction of current costs. HVAC The primary HVAC concern in Worship facilities is the maintenance of occupant comfort with a high variability in occupancy. Technologies that have the ability to lower energy use with lower occupancy are critical in saving energy. Equipment with multiple compressor stages and great part load efficiency represents the first level of increasing energy efficiency. Demand Control Ventilation which modulates air flow based on the presence of Carbon Dioxide in the air, have the ability to greatly improve energy efficiency. Lastly, an economizer using outside air instead of mechanically cooled air during the fall and spring can dramatically increase energy efficiency. Depending on location, worship facilities should layer these technologies to maximize energy savings. Conclusion The worship facility community has an opportunity to greatly reduce energy related operating costs if the proposed law is enacted. Those readers who agree that houses of worship deserve the same tax incentives as other facilities should let their congressman know how they feel.
The proposed extension of the very successful Section 179D building energy tax incentive would, for the first time, cover houses of worship facilities and all other not-for-profit facilities. If enacted, the new law would be effective January 1, 2014. The proposed extension of the very successful Section 179D building energy tax incentive would, for the first time, cover houses of worship facilities and all other not-for-profit facilities. If enacted, the new law would be effective January 1, 2014.
The proposed extension of the very successful Section 179D building energy tax incentive would, for the first time, cover houses of worship facilities and all other not-for-profit facilities. If enacted, the new law would be effective J
The proposed extension of the very successful Section 179D building energy tax incentive would, for the first time, cover houses of worship facilities and all other not-for-profit facilities. If enacted, the new law would be effective January 1, 2014.
The current 179D legislation, which has been in effect for 8 years, has assisted tens of thousands of commercial buildings and government buildings in upgrading to today’s extremely energy efficient lighting and HVAC products. The government building incentive is provided in the form of a tax incentive for the design/retrofit team that accomplishes the qualifying energy retrofit. Worship facilities were not included in the original legislation
The Proposed EPAct Section 179D Tax Opportunity Under the proposed extension of Code Sec. 179D, design teams working on worship facilities who make qualifying energy-reducing investments would obtain immediate tax deductions of up to $3.00 per square foot. If the building project doesn’t qualify for the maximum of $3.00 per square foot immediate tax deduction, there are tax deductions of up to $1.00 per square foot for each of the three major building subsystems: Lighting, HVAC and the Building Envelope. The building envelope covers every part of the building’s exterior perimeter that touches the outside world including roof, walls, insulation, doors, windows and foundation. The tax incentive would benefit all dominations of houses of worship’s both big and small. Average U.S. House of Worship Designer Tax Benefit Illustration Open Table *Based on an average of 17,000 square feet per worship facility. Large Worship Facility Tax Incentive Illustration Open Table Worship facilities have challenging human usage patterns where it is crucial to upgrade to today’s products to greatly reduce operating costs. LED Lighting Prior generation lighting systems that operate seven days a week are extremely expensive. An LED lighting system with occupancy sensors that only turn the lights on when humans enter the worship facility can reduce lighting related energy costs to a fraction of current costs. HVAC The primary HVAC concern in Worship facilities is the maintenance of occupant comfort with a high variability in occupancy. Technologies that have the ability to lower energy use with lower occupancy are critical in saving energy. Equipment with multiple compressor stages and great part load efficiency represents the first level of increasing energy efficiency. Demand Control Ventilation which modulates air flow based on the presence of Carbon Dioxide in the air, have the ability to greatly improve energy efficiency. Lastly, an economizer using outside air instead of mechanically cooled air during the fall and spring can dramatically increase energy efficiency. Depending on location, worship facilities should layer these technologies to maximize energy savings. Conclusion The worship facility community has an opportunity to greatly reduce energy related operating costs if the proposed law is enacted. Those readers who agree that houses of worship deserve the same tax incentives as other facilities should let their congressman know how they feel.
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Conclusion
Recent developments in robotics have enabled widespread adoption of robots in warehouses and distribution centers. These robots are intended to work alongside existing warehouse workers to handle tedious, time-consuming tasks that often deter people from seeking out these types of jobs in the first place. This warehouse and distribution center automation creates new avenues for improved productivity and efficiency.
New Jersey distribution centers handle tremendous volumes and can benefit greatly from automation which offers opportunities to remain competitive and increase efficiencies. These automation integrations require companies to keep up with the constant revolutionizing of e-commerce. In addition, as consumer demand constantly changes, businesses must predict the future of the digital economy to maintain a competitive edge.
Companies engaging in the development and integration of warehouse and distribution center automation are eligible for Federal and State R&D Tax Credits to help support and stimulate these efforts.
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Charles R. Goulding is an Attorney/CPA, President and founder of Energy Tax Savers/R&D Tax Savers, two divisions of a national tax consulting firm. Previously, he was a Managing Director at Cooper Industries Inc. (now Eaton) in Houston, Texas. Before joining Cooper, Mr. Goulding was a vice president of Dover Corporation, an eight billion dollar sales NYSE diversified industrial manufacturer. At both companies, Mr. Goulding created and administered company-wide R&D Tax Credit programs. These programs encompassed both domestic and international business operations and have helped generate over $600 million in tax savings for their respective firms. Mr. Goulding has been at the forefront of R&D Tax Credit work since the credit’s inception in 1981.
Mr. Goulding has a law degree from Brooklyn Law School (Juris Doctor) and an MBA from Adelphi University. Mr. Goulding also participated in Pace University’s Doctor of Business Administration Program. His undergraduate degree is from the State University of New York at Stony Brook where he was a double major in Political Science and Economics. He spent his junior year abroad at the University of Copenhagen, Denmark.
Mr. Goulding is a former President of the New York Chapter of the Tax Executives Institute and also participated in Pace University’s Doctor of Business Administration Program. He has served as the co-chairman of the Taxation of Mergers and Acquisition conferences in Chicago, Houston, New York City, San Francisco and Paris, France. He recently chaired New York’s Solar Investment Conference.
He has authored over 800 articles for numerous tax publications including International Business, International Tax Journal, Euromoney, Taxation for Accountants, The Practical Accountant, The CPA Journal, and Corporate Business Taxation Monthly.
Mr. Goulding successfully litigated the Dover Corporation case in U.S. Tax Court (the first check the box case) and the Pulsar International case on reasonable compensation. He is also the Mayor of the Village of Oyster Bay Cove, New York
Jacob Goldman, LEED AP, is Vice President and Chief Engineer of Energy Tax Savers/R&D Tax Savers. Since co-founding the Company in 2005, Mr. Goldman has helped secure over a billion dollars in tax deductions across 17,000+ projects. His expertise includes R&D Tax Credits and energy related incentives such as Section 179D and Investment Tax Credits under the Inflation Reduction Act (IRA).
Mr. Goldman is an award-winning speaker, distilling intricate tax codes into actionable strategies. He frequently presents at national conferences like AEE, IGSHPA, LightFair, and NFMT, as well as local chapters of USGBC, ASHRAE, IFMA, BOMA, and beyond. His most recent accolades include the 2023 AEE Northeast Regional Award for Energy Professional Development.
His thought leadership has played an integral role in advising the DOE, NEMA, and NRDC on Section 179D extensions. He has pioneered the firm’s national practice for IRA incentives, from universities leveraging solar tax credits to corporations optimizing energy efficiency deductions, Mr. Goldman’s expertise is at the cornerstone of sustainable tax strategy.
Mr. Goldman has authored over 150 articles in leading industry publications including Corporate Business Taxation Monthly, Building Operating Management, Thomson Reuters, Green Lodging News, and International Parking Institute.
With a BS in Chemical Engineering from the University of Buffalo and an MBA from the University of Maine, Mr. Goldman brings a rare blend of technical mastery and financial acumen to the complex world of tax optimization.
Charles R. Goulding is an Attorney/CPA, President and founder of Energy Tax Savers/R&D Tax Savers, two divisions of a national tax consulting firm. Previously, he was a Managing Director at Cooper Industries Inc. (now Eaton) in Houston, Texas. Before joining Cooper, Mr. Goulding was a vice president of Dover Corporation, an eight billion dollar sales NYSE diversified industrial manufacturer. At both companies, Mr. Goulding created and administered company-wide R&D Tax Credit programs. These programs encompassed both domestic and international business operations and have helped generate over $600 million in tax savings for their respective firms. Mr. Goulding has been at the forefront of R&D Tax Credit work since the credit’s inception in 1981.
Mr. Goulding has a law degree from Brooklyn Law School (Juris Doctor) and an MBA from Adelphi University. Mr. Goulding also participated in Pace University’s Doctor of Business Administration Program. His undergraduate degree is from the State University of New York at Stony Brook where he was a double major in Political Science and Economics. He spent his junior year abroad at the University of Copenhagen, Denmark.
Mr. Goulding is a former President of the New York Chapter of the Tax Executives Institute and also participated in Pace University’s Doctor of Business Administration Program. He has served as the co-chairman of the Taxation of Mergers and Acquisition conferences in Chicago, Houston, New York City, San Francisco and Paris, France. He recently chaired New York’s Solar Investment Conference.
He has authored over 800 articles for numerous tax publications including International Business, International Tax Journal, Euromoney, Taxation for Accountants, The Practical Accountant, The CPA Journal, and Corporate Business Taxation Monthly.
Mr. Goulding successfully litigated the Dover Corporation case in U.S. Tax Court (the first check the box case) and the Pulsar International case on reasonable compensation. He is also the Mayor of the Village of Oyster Bay Cove, New York
Raymond Kumar is a CPA and Director with Energy Tax Savers/R&D Tax Savers. He joined the firm in 2008 and brings with him Big4 accounting firm experience, where he helped secure specialty tax incentives for Fortune 500 automakers, defense contractors, and consumer goods manufacturers. His tax expertise includes Section 179D incentives and R&D Tax Credits which he has specialized in his entire professional career.
Mr. Kumar plays a key role in managing of the firm’s national Section 179D practice, working closely with clients and partners to identify and quantify tax savings. He is involved in every step of the process to ensure project success.
Mr. Kumar is a frequent author and presenter on tax incentives and has presented at the Human Centric Sustainability Event at Yankee Stadium, Energize Long Island conference, and the NYS Society of Professional Engineers Annual Conference. He has numerous published articles covering tax incentives, featured in Retrofit Magazine, Corporate Business Taxation Monthly, and FacilitiesNet.
Mr. Kumar holds a BBA in Accounting from Adelphi University and an MBA from NYU Stern School of Business. Mr. Kumar is a Certified Public Accountant (CPA), licensed to practice in New York.
Andrea Albanese is a Director with Energy Tax Savers/R&D Tax Savers. She joined the firm in 2010 and has played a key role in establishing and growing the firm’s national R&D Tax Credit practice. She oversees R&D Tax Credits and client relationships across a variety of industries including software, manufacturing, distribution, architecture and engineering, food and beverage, and aerospace/defense.
Ms. Albanese specializes in helping clients and CPAs identify, quantify, and maximize R&D Tax Credit benefits. She has helped secure tax credits for businesses ranging from start-ups to Fortune 500 companies, in both the public and private sectors. Her recent projects include a large e-commerce distributor, a London-based VR company, and a large manufacturer with multi-state operations. Her industry focus includes R&D Tax Credits for food and beverage production.
Her tax incentive expertise includes obtaining payroll R&D Tax Credits for start-ups as well helping clients obtain New York State refundable life science credits. She has numerous published articles covering tax incentives in leading tax publications such as Thomson Reuters and CCH’s Corporate Business Taxation Monthly.
Ms. Albanese holds a BS in Technology Studies from SUNY Farmingdale.
Lara Tomiko is a Senior Tax Analyst with Energy Tax Savers/R&D Tax Savers. She joined the firm in 2016 and has been involved with R&D Tax Credit studies across various industries, including architecture/engineering, food and beverage, renewable energy, horticulture, and control systems engineering.
Since the passage of the Inflation Reduction Act (IRA), Ms. Tomiko has managed numerous IRA tax projects, securing tax credits for solar, battery, geothermal, EV, and EV charging station installations. She has secured dozens of Elective Pay Inflation Reduction Act (IRA) incentives for K-12 schools, municipalities, non-profits, colleges/universities, as well as religious institutions. Ms. Tomiko also specializes in obtaining the Low-Income Communities Bonus Credit Program, helping clients maximize their benefits under the IRA.
Ms. Tomiko’s expertise also includes Section 179D deductions, helping leading energy service companies obtain tax incentives for energy efficient design.
Ms. Tomiko holds a BA in Sustainability Studies from Stony Brook University.
Ryan Donley is a Senior Tax Analyst with Energy Tax Savers/R&D Tax Savers. He has been with the firm since 2017, managing R&D Tax Credit Studies and partner relationships for a variety of industries including software, beer and wine, machine shops, construction, glass, and managed IT.
Mr. Donley manages R&D Tax Credits for various Manufacturing Extension Partnerships (MEP) including the New York City and New Jersey regions. His tax incentive expertise includes obtaining payroll R&D credits for start-up companies and the beer and wine industry, ranging from craft beverages to large scale producers. Mr. Donely has presented on the utilization of R&D tax incentives for start-up companies and most recently he presented at the Pennsylvania Brewing Symposium.
Mr. Donley holds a BS in Business Administration from SUNY Farmingdale.
Preeti Sulibhavi is a CPA with Energy Tax Savers/R&D Tax Savers. She has been with the firm since 2018 and has handled R&D Tax Credits for companies in a wide range of industries including food and beverage, software, and life sciences. Ms. Sulibhavi has co-authored numerous articles on specialty tax incentives for publications such as Fabbaloo, a leading 3D printing blog.
In addition to business and personal income taxes, Ms. Sulibhavi handles IRS Form 990-T filings and related schedules for non-profit/government entities seeking to claim Elective Pay benefits under the Inflation Reduction Act (IRA).
Ms. Sulibhavi is a licensed Certified Public Accountant in the State of New York. Ms. Sulibhavi holds a BA in Economics with a Minor in Biology from Wellesley College and an MBA in Accounting from Hofstra University, Zarb School of Business.
Peter Saenz is an Engineer with Energy Tax Savers/R&D Tax Savers. He has been with the firm since 2015 and handles R&D Tax Credit studies across various industries, including dental/ medical, biotechnology, machine shops, construction, woodworking, and software design. He brings with him direct experience in robotic process automation, digital transformation, data analytics, and software development.
Mr. Saenz is pursuing his doctorate at Stony Brook University where he researches AI adoption. He holds an MS in Biomedical Engineering from Stony Brook University, along with an Advanced Graduate Certificate in Life Science Innovation & Entrepreneurship. He received his BS in Business Management from SUNY Farmingdale.
His past doctoral research focused on life sciences, specifically in spatial transcriptomics, diagnostics, and microfluidics. He has worked with numerous companies to secure biological innovation-based R&D Tax Credits. Additionally, he has experience in developing Large Language Models and enjoys working with AI clients to maximize their R&D Tax Credits.
Mr. Saenz has co-authored numerous articles on the R&D Tax Credit spanning technological innovation, business, and policy.
Mellissa McIntyre is a Senior Tax Analyst and Engineer with Energy Tax Savers/R&D Tax Savers. She has been with the firm since 2018, focusing on R&D Tax Credit strategies across various industries with a strong focus in architecture, engineering, and life sciences. Ms. McIntyre works with clients to optimize their time-keeping strategies, helping them capture and document qualifying activities more efficiently. Her recent projects include a leading lighting & controls manufacturer, an electronic device manufacturer, and a cosmetics formulation company.
She has extensive experience with federal and state R&D Tax Credit processes throughout New England, where she works with numerous clients to help them take advantage of region-specific R&D tax incentives. Ms. McIntyre has participated in Washington, DC fly-ins to advocate for the R&D Tax Credit program and its importance to American innovation.
Ms. McIntyre holds a BS in Biomedical Engineering from Stony Brook University, with a focus in bioimaging and bioelectricity.
Warren Buzzell Jr. is an Engineer with Energy Tax Savers/R&D Tax Savers. Mr. Buzzell joined the firm in 2020 and has managed with R&D Tax Credit studies in various industries, including manufacturing, software development, architecture/engineering, life science, and lighting.
Mr. Buzzell holds a BS in Manufacturing Engineering from Robert Morris University and an MS in Biomedical Engineering from Stony Brook University. In addition to his engineering background, Mr. Buzzell is also a certified Project Management Professional.
Mr. Buzzell’s experience prior to joining the firm includes working with additive and subtractive manufacturing, automotive glass manufacturing, preclinical studies, and graduate research.
Mr. Buzzell is the co-author of a number of articles on R&D Tax Credits for the additive manufacturing industry, including “3D Printing Technology’s Potential in Traumatic Brain Injury Research”, “The Future of Biomanufacturing: Machine Learning, Automation, and 3D Printing’s Role”, and “3D Printing for Quality Assurance: A Closer Look at Aerospace Component Inspection Protocols”.
Matthew Selman is an Engineer with Energy Tax Savers/R&D Tax Savers. He joined the firm in 2022 and brings with him an industrial engineering background in manufacturing and logistics.
Mr. Selman manages Elective Pay Inflation Reduction Act (IRA) incentives for various energy technologies, including solar, geothermal, thermal storage, and EV charging. He also handles Section 179D deductions for building owners and for designers of all categories of government buildings including federal, state, local, and K-12 public schools. While at the firm, Mr. Selman has been involved with R&D Tax Credit studies with a focus on the manufacturing sector.
Mr. Selman holds a BS in Industrial & Systems Engineering with a Minor in Green Engineering from Virginia Polytechnic Institute.
Valentina Alzate is an Engineer at Energy Tax Savers/R&D Tax Savers. She joined the firm in 2022 and brings experience and knowledge of full-stack software development and data analytics to support client projects across various industries.
Ms. Alzate manages R&D Tax Credit studies with an industry focus on software development, data analytics, and machine learning. She also manages tax credits for clients across multiple sectors including engineering firms and logistics/distribution. Ms. Alzate’s recent projects include securing R&D Credits for a global marketing solutions provider, leading wholesale foodservice provider, and financial software company.
Ms. Alzate holds a BS in Computer Science from Johns Hopkins University.
Andressa Bonafé-Pontes is a Senior Tax Analyst with Energy Tax Savers/R&D Tax Savers. She joined the firm in 2012 and has been involved with R&D Tax Credit studies in various industries, including life sciences, software development, artificial intelligence, and architecture/engineering.
Ms. Bonafé-Pontes has co-authored numerous articles on R&D Tax Credits with a focus on life sciences, 3D printing, and software development, including “The R&D Tax Credit Aspects of AI Vision Technology”, “Emotion-Recognition Technology”, and “The R&D Tax Credit Aspects of Cyber Security Start-Ups”, among many others.
Ms. Bonafé-Pontes holds an MS in International Economic Policy from the Paris Institute of Political Sciences, an MS in Behavioral Sciences from the University of Brasilia, and a PhD in Social Psychology from the University of Brasilia.
Leah Nabangi is an Engineer with Energy Tax Savers/R&D Tax Savers and has been with the firm since 2023. While at the firm, Ms. Nabangi has been involved with R&D Tax Credit studies across various industries including architecture/engineering, food/beverage, electrical engineering, and software development. Ms. Nabangi has experience in various topics such as sustainability and development, data analytics, and machine learning.
Ms. Nabangi holds a BS in Applied Mathematics and Statistics with a double major in Technological Systems Management from Stony Brook University.
Nimra Shakoor is an Engineer with Energy Tax Savers/R&D Tax Savers. Ms. Shakoor graduated from Cornell University with a BS in Environmental Engineering and an MS in Operations Research and Information Engineering. Her focus includes the intersection of environmental sustainability and data science. Since joining the firm, Ms. Shakoor has contributed to R&D Tax Credit studies in warehouse automation and software development. Ms. Shakoor has co-authored numerous articles on the R&D Tax Credit as it relates to college consolidations and additive manufacturing.
Anthony Palumbo is an Engineer with Energy Tax Savers/R&D Tax Savers. Mr. Palumbo holds a BS and MS in Biomedical Engineering from Binghamton University. His graduate research focused on translational biophotonics and computational optical bioimaging, while his undergraduate work emphasized biomedical devices and instrumentation, biopharmaceutical technology, and biomaterials. Since joining the firm, Mr. Palumbo has contributed to R&D Tax Credit studies across various industries including robotics, warehouse automation, and software development. Mr. Palumbo has co-authored numerous articles on the R&D Tax Credit, exploring the intersection of additive manufacturing with developments in AI, industrial policy, and domestic materials sourcing.
Michael Horwitz is a Tax Analyst with Energy Tax Savers/R&D Tax Savers. Mr. Horwitz holds a BS in Electrical Engineering from Washington University in St. Louis. Michael specializes in EPAct Section 179D studies, working closely with clients and partners to identify and quantify tax savings relating to energy efficient design.
Charles R. Goulding is an Attorney/CPA, President and founder of Energy Tax Savers/R&D Tax Savers, two divisions of a national tax consulting firm. Previously, he was a Managing Director at Cooper Industries Inc. (now Eaton) in Houston, Texas. Before joining Cooper, Mr. Goulding was a vice president of Dover Corporation, an eight billion dollar sales NYSE diversified industrial manufacturer. At both companies, Mr. Goulding created and administered company-wide R&D Tax Credit programs. These programs encompassed both domestic and international business operations and have helped generate over $600 million in tax savings for their respective firms. Mr. Goulding has been at the forefront of R&D Tax Credit work since the credit’s inception in 1981.
Mr. Goulding has a law degree from Brooklyn Law School (Juris Doctor) and an MBA from Adelphi University. Mr. Goulding also participated in Pace University’s Doctor of Business Administration Program. His undergraduate degree is from the State University of New York at Stony Brook where he was a double major in Political Science and Economics. He spent his junior year abroad at the University of Copenhagen, Denmark.
Mr. Goulding is a former President of the New York Chapter of the Tax Executives Institute and also participated in Pace University’s Doctor of Business Administration Program. He has served as the co-chairman of the Taxation of Mergers and Acquisition conferences in Chicago, Houston, New York City, San Francisco and Paris, France. He recently chaired New York’s Solar Investment Conference.
He has authored over 800 articles for numerous tax publications including International Business, International Tax Journal, Euromoney, Taxation for Accountants, The Practical Accountant, The CPA Journal, and Corporate Business Taxation Monthly.
Mr. Goulding successfully litigated the Dover Corporation case in U.S. Tax Court (the first check the box case) and the Pulsar International case on reasonable compensation. He is also the Mayor of the Village of Oyster Bay Cove, New York
Jacob Goldman, LEED AP, is Vice President and Chief Engineer of Energy Tax Savers/R&D Tax Savers. Since co-founding the Company in 2005, Mr. Goldman has helped secure over a billion dollars in tax deductions across 17,000+ projects. His expertise includes R&D Tax Credits and energy related incentives such as Section 179D and Investment Tax Credits under the Inflation Reduction Act (IRA).
Mr. Goldman is an award-winning speaker, distilling intricate tax codes into actionable strategies. He frequently presents at national conferences like AEE, IGSHPA, LightFair, and NFMT, as well as local chapters of USGBC, ASHRAE, IFMA, BOMA, and beyond. His most recent accolades include the 2023 AEE Northeast Regional Award for Energy Professional Development.
His thought leadership has played an integral role in advising the DOE, NEMA, and NRDC on Section 179D extensions. He has pioneered the firm’s national practice for IRA incentives, from universities leveraging solar tax credits to corporations optimizing energy efficiency deductions, Mr. Goldman’s expertise is at the cornerstone of sustainable tax strategy.
Mr. Goldman has authored over 150 articles in leading industry publications including Corporate Business Taxation Monthly, Building Operating Management, Thomson Reuters, Green Lodging News, and International Parking Institute.
With a BS in Chemical Engineering from the University of Buffalo and an MBA from the University of Maine, Mr. Goldman brings a rare blend of technical mastery and financial acumen to the complex world of tax optimization.
Charles R. Goulding is an Attorney/CPA, President and founder of Energy Tax Savers/R&D Tax Savers, two divisions of a national tax consulting firm. Previously, he was a Managing Director at Cooper Industries Inc. (now Eaton) in Houston, Texas. Before joining Cooper, Mr. Goulding was a vice president of Dover Corporation, an eight billion dollar sales NYSE diversified industrial manufacturer. At both companies, Mr. Goulding created and administered company-wide R&D Tax Credit programs. These programs encompassed both domestic and international business operations and have helped generate over $600 million in tax savings for their respective firms. Mr. Goulding has been at the forefront of R&D Tax Credit work since the credit’s inception in 1981.
Mr. Goulding has a law degree from Brooklyn Law School (Juris Doctor) and an MBA from Adelphi University. Mr. Goulding also participated in Pace University’s Doctor of Business Administration Program. His undergraduate degree is from the State University of New York at Stony Brook where he was a double major in Political Science and Economics. He spent his junior year abroad at the University of Copenhagen, Denmark.
Mr. Goulding is a former President of the New York Chapter of the Tax Executives Institute and also participated in Pace University’s Doctor of Business Administration Program. He has served as the co-chairman of the Taxation of Mergers and Acquisition conferences in Chicago, Houston, New York City, San Francisco and Paris, France. He recently chaired New York’s Solar Investment Conference.
He has authored over 800 articles for numerous tax publications including International Business, International Tax Journal, Euromoney, Taxation for Accountants, The Practical Accountant, The CPA Journal, and Corporate Business Taxation Monthly.
Mr. Goulding successfully litigated the Dover Corporation case in U.S. Tax Court (the first check the box case) and the Pulsar International case on reasonable compensation. He is also the Mayor of the Village of Oyster Bay Cove, New York
Raymond Kumar is a CPA and Director with Energy Tax Savers/R&D Tax Savers. He joined the firm in 2008 and brings with him Big4 accounting firm experience, where he helped secure specialty tax incentives for Fortune 500 automakers, defense contractors, and consumer goods manufacturers. His tax expertise includes Section 179D incentives and R&D Tax Credits which he has specialized in his entire professional career.
Mr. Kumar plays a key role in managing of the firm’s national Section 179D practice, working closely with clients and partners to identify and quantify tax savings. He is involved in every step of the process to ensure project success.
Mr. Kumar is a frequent author and presenter on tax incentives and has presented at the Human Centric Sustainability Event at Yankee Stadium, Energize Long Island conference, and the NYS Society of Professional Engineers Annual Conference. He has numerous published articles covering tax incentives, featured in Retrofit Magazine, Corporate Business Taxation Monthly, and FacilitiesNet.
Mr. Kumar holds a BBA in Accounting from Adelphi University and an MBA from NYU Stern School of Business. Mr. Kumar is a Certified Public Accountant (CPA), licensed to practice in New York.
Andrea Albanese is a Director with Energy Tax Savers/R&D Tax Savers. She joined the firm in 2010 and has played a key role in establishing and growing the firm’s national R&D Tax Credit practice. She oversees R&D Tax Credits and client relationships across a variety of industries including software, manufacturing, distribution, architecture and engineering, food and beverage, and aerospace/defense.
Ms. Albanese specializes in helping clients and CPAs identify, quantify, and maximize R&D Tax Credit benefits. She has helped secure tax credits for businesses ranging from start-ups to Fortune 500 companies, in both the public and private sectors. Her recent projects include a large e-commerce distributor, a London-based VR company, and a large manufacturer with multi-state operations. Her industry focus includes R&D Tax Credits for food and beverage production.
Her tax incentive expertise includes obtaining payroll R&D Tax Credits for start-ups as well helping clients obtain New York State refundable life science credits. She has numerous published articles covering tax incentives in leading tax publications such as Thomson Reuters and CCH’s Corporate Business Taxation Monthly.
Ms. Albanese holds a BS in Technology Studies from SUNY Farmingdale.
Lara Tomiko is a Senior Tax Analyst with Energy Tax Savers/R&D Tax Savers. She joined the firm in 2016 and has been involved with R&D Tax Credit studies across various industries, including architecture/engineering, food and beverage, renewable energy, horticulture, and control systems engineering.
Since the passage of the Inflation Reduction Act (IRA), Ms. Tomiko has managed numerous IRA tax projects, securing tax credits for solar, battery, geothermal, EV, and EV charging station installations. She has secured dozens of Elective Pay Inflation Reduction Act (IRA) incentives for K-12 schools, municipalities, non-profits, colleges/universities, as well as religious institutions. Ms. Tomiko also specializes in obtaining the Low-Income Communities Bonus Credit Program, helping clients maximize their benefits under the IRA.
Ms. Tomiko’s expertise also includes Section 179D deductions, helping leading energy service companies obtain tax incentives for energy efficient design.
Ms. Tomiko holds a BA in Sustainability Studies from Stony Brook University.
Ryan Donley is a Senior Tax Analyst with Energy Tax Savers/R&D Tax Savers. He has been with the firm since 2017, managing R&D Tax Credit Studies and partner relationships for a variety of industries including software, beer and wine, machine shops, construction, glass, and managed IT.
Mr. Donley manages R&D Tax Credits for various Manufacturing Extension Partnerships (MEP) including the New York City and New Jersey regions. His tax incentive expertise includes obtaining payroll R&D credits for start-up companies and the beer and wine industry, ranging from craft beverages to large scale producers. Mr. Donely has presented on the utilization of R&D tax incentives for start-up companies and most recently he presented at the Pennsylvania Brewing Symposium.
Mr. Donley holds a BS in Business Administration from SUNY Farmingdale.
Preeti Sulibhavi is a CPA with Energy Tax Savers/R&D Tax Savers. She has been with the firm since 2018 and has handled R&D Tax Credits for companies in a wide range of industries including food and beverage, software, and life sciences. Ms. Sulibhavi has co-authored numerous articles on specialty tax incentives for publications such as Fabbaloo, a leading 3D printing blog.
In addition to business and personal income taxes, Ms. Sulibhavi handles IRS Form 990-T filings and related schedules for non-profit/government entities seeking to claim Elective Pay benefits under the Inflation Reduction Act (IRA).
Ms. Sulibhavi is a licensed Certified Public Accountant in the State of New York. Ms. Sulibhavi holds a BA in Economics with a Minor in Biology from Wellesley College and an MBA in Accounting from Hofstra University, Zarb School of Business.
Peter Saenz is an Engineer with Energy Tax Savers/R&D Tax Savers. He has been with the firm since 2015 and handles R&D Tax Credit studies across various industries, including dental/ medical, biotechnology, machine shops, construction, woodworking, and software design. He brings with him direct experience in robotic process automation, digital transformation, data analytics, and software development.
Mr. Saenz is pursuing his doctorate at Stony Brook University where he researches AI adoption. He holds an MS in Biomedical Engineering from Stony Brook University, along with an Advanced Graduate Certificate in Life Science Innovation & Entrepreneurship. He received his BS in Business Management from SUNY Farmingdale.
His past doctoral research focused on life sciences, specifically in spatial transcriptomics, diagnostics, and microfluidics. He has worked with numerous companies to secure biological innovation-based R&D Tax Credits. Additionally, he has experience in developing Large Language Models and enjoys working with AI clients to maximize their R&D Tax Credits.
Mr. Saenz has co-authored numerous articles on the R&D Tax Credit spanning technological innovation, business, and policy.
Mellissa McIntyre is a Senior Tax Analyst and Engineer with Energy Tax Savers/R&D Tax Savers. She has been with the firm since 2018, focusing on R&D Tax Credit strategies across various industries with a strong focus in architecture, engineering, and life sciences. Ms. McIntyre works with clients to optimize their time-keeping strategies, helping them capture and document qualifying activities more efficiently. Her recent projects include a leading lighting & controls manufacturer, an electronic device manufacturer, and a cosmetics formulation company.
She has extensive experience with federal and state R&D Tax Credit processes throughout New England, where she works with numerous clients to help them take advantage of region-specific R&D tax incentives. Ms. McIntyre has participated in Washington, DC fly-ins to advocate for the R&D Tax Credit program and its importance to American innovation.
Ms. McIntyre holds a BS in Biomedical Engineering from Stony Brook University, with a focus in bioimaging and bioelectricity.
Warren Buzzell Jr. is an Engineer with Energy Tax Savers/R&D Tax Savers. Mr. Buzzell joined the firm in 2020 and has managed with R&D Tax Credit studies in various industries, including manufacturing, software development, architecture/engineering, life science, and lighting.
Mr. Buzzell holds a BS in Manufacturing Engineering from Robert Morris University and an MS in Biomedical Engineering from Stony Brook University. In addition to his engineering background, Mr. Buzzell is also a certified Project Management Professional.
Mr. Buzzell’s experience prior to joining the firm includes working with additive and subtractive manufacturing, automotive glass manufacturing, preclinical studies, and graduate research.
Mr. Buzzell is the co-author of a number of articles on R&D Tax Credits for the additive manufacturing industry, including “3D Printing Technology’s Potential in Traumatic Brain Injury Research”, “The Future of Biomanufacturing: Machine Learning, Automation, and 3D Printing’s Role”, and “3D Printing for Quality Assurance: A Closer Look at Aerospace Component Inspection Protocols”.
Matthew Selman is an Engineer with Energy Tax Savers/R&D Tax Savers. He joined the firm in 2022 and brings with him an industrial engineering background in manufacturing and logistics.
Mr. Selman manages Elective Pay Inflation Reduction Act (IRA) incentives for various energy technologies, including solar, geothermal, thermal storage, and EV charging. He also handles Section 179D deductions for building owners and for designers of all categories of government buildings including federal, state, local, and K-12 public schools. While at the firm, Mr. Selman has been involved with R&D Tax Credit studies with a focus on the manufacturing sector.
Mr. Selman holds a BS in Industrial & Systems Engineering with a Minor in Green Engineering from Virginia Polytechnic Institute.
Valentina Alzate is an Engineer at Energy Tax Savers/R&D Tax Savers. She joined the firm in 2022 and brings experience and knowledge of full-stack software development and data analytics to support client projects across various industries.
Ms. Alzate manages R&D Tax Credit studies with an industry focus on software development, data analytics, and machine learning. She also manages tax credits for clients across multiple sectors including engineering firms and logistics/distribution. Ms. Alzate’s recent projects include securing R&D Credits for a global marketing solutions provider, leading wholesale foodservice provider, and financial software company.
Ms. Alzate holds a BS in Computer Science from Johns Hopkins University.
Andressa Bonafé-Pontes is a Senior Tax Analyst with Energy Tax Savers/R&D Tax Savers. She joined the firm in 2012 and has been involved with R&D Tax Credit studies in various industries, including life sciences, software development, artificial intelligence, and architecture/engineering.
Ms. Bonafé-Pontes has co-authored numerous articles on R&D Tax Credits with a focus on life sciences, 3D printing, and software development, including “The R&D Tax Credit Aspects of AI Vision Technology”, “Emotion-Recognition Technology”, and “The R&D Tax Credit Aspects of Cyber Security Start-Ups”, among many others.
Ms. Bonafé-Pontes holds an MS in International Economic Policy from the Paris Institute of Political Sciences, an MS in Behavioral Sciences from the University of Brasilia, and a PhD in Social Psychology from the University of Brasilia.
Leah Nabangi is an Engineer with Energy Tax Savers/R&D Tax Savers and has been with the firm since 2023. While at the firm, Ms. Nabangi has been involved with R&D Tax Credit studies across various industries including architecture/engineering, food/beverage, electrical engineering, and software development. Ms. Nabangi has experience in various topics such as sustainability and development, data analytics, and machine learning.
Ms. Nabangi holds a BS in Applied Mathematics and Statistics with a double major in Technological Systems Management from Stony Brook University.
Nimra Shakoor is an Engineer with Energy Tax Savers/R&D Tax Savers. Ms. Shakoor graduated from Cornell University with a BS in Environmental Engineering and an MS in Operations Research and Information Engineering. Her focus includes the intersection of environmental sustainability and data science. Since joining the firm, Ms. Shakoor has contributed to R&D Tax Credit studies in warehouse automation and software development. Ms. Shakoor has co-authored numerous articles on the R&D Tax Credit as it relates to college consolidations and additive manufacturing.
Anthony Palumbo is an Engineer with Energy Tax Savers/R&D Tax Savers. Mr. Palumbo holds a BS and MS in Biomedical Engineering from Binghamton University. His graduate research focused on translational biophotonics and computational optical bioimaging, while his undergraduate work emphasized biomedical devices and instrumentation, biopharmaceutical technology, and biomaterials. Since joining the firm, Mr. Palumbo has contributed to R&D Tax Credit studies across various industries including robotics, warehouse automation, and software development. Mr. Palumbo has co-authored numerous articles on the R&D Tax Credit, exploring the intersection of additive manufacturing with developments in AI, industrial policy, and domestic materials sourcing.
Michael Horwitz is a Tax Analyst with Energy Tax Savers/R&D Tax Savers. Mr. Horwitz holds a BS in Electrical Engineering from Washington University in St. Louis. Michael specializes in EPAct Section 179D studies, working closely with clients and partners to identify and quantify tax savings relating to energy efficient design.