Are You Leaving Money On The Table? Claiming Mississippi Tax Incentives

Mississippi offers manufacturers many tax incentives that enable companies to prosper and grow. But are you taking advantage of all the opportunities you qualify for?

  • Are you importing or exporting cargo through Mississippi ports?
  • Have you invested $1,000,000 or more in manufacturing assets or plant expansions?
  • Have you created new jobs or hired skilled R&D professionals?
  • Have you had any new construction or expansions of existing warehouse or manufacturing facilities?

If you answered yes to any of these questions, you may be leaving money on the table. And, many of these incentives and credits can be claimed retroactively for even greater savings.

The Mississippi Department of Revenue’s 2019 annual report listed over 6,100 manufacturers registered with the state, but noted only 21 were taking advantage of the manufacturing investment tax credit.

HORNE can help you capture all the tax benefits of investment in Mississippi.  From researching the impact of new incentives, to making sure renewal applications are filed for existing ones, we help ensure you continue to compete and thrive.

We offer a complete, no-cost review* to find available incentives not being utilized, and prepare application and renewal forms.

Let’s Connect…

Our State & Local Tax (SALT) team takes pride when Mississippi businesses and industry succeed. Our SALT team can help you take advantage of every available tax benefit.

As the largest Mississippi-based accounting firm, we bring a thorough understanding of the inner workings of state tax code and incentives. We’d love to talk about how we can work together.

* The review and filings are at no-upfront cost.  Client must agree to share a percentage of tax refund or go-forward savings with HORNE.

If you’d like to see if you’re leaving money on the table, give us a call.

READ MORE OF OUR LATEST INSIGHTS

SEE AROUND CORNERS.
INDUSTRY EXPERTISE DELIVERED.

More Insights

Tip Pooling/Handling

Tips not connected to a delivery order are considered insider tips. Insider tips are increasing and provide franchisees with a new opportunity to...

READ MORE

Franchise owners and employee benefits: Your best path forward

The term “employee compensation” is often limited to discussions on salary and possibly bonuses for tenure, performance or end-of-the-cash...

READ MORE

Your Practice May Qualify for Employee Retention Tax Credits

Did you know that medical, dental and hospital-related practices owned through private equity can qualify for the ERC? Even if you received PPP...

READ MORE

Strategic vs Financial Buyers

In Mergers & Acquisitions (M&A), the landscape changes, sometimes rapidly. The reasons can be that the market is “hot” or “cold,” depending...

READ MORE

Cybersecurity challenges digital banking

The COVID-19 pandemic and changing consumer demographics have accelerated the need for financial institutions to expand their digital and mobile...

READ MORE

Harness Federal Programs to Drive Growth

The federal government has incentivized the use of data to drive improvement in COVID tracking, measuring COVID impacts, improving population and...

READ MORE

Talk to an expert today.