• Step 1 - Assess & Measure

    You may be eligible for past, present and future tax savings. We help our clients secure highly specialized tax incentives and cost savings for their businesses and real estate holdings. In today’s competitive climate, it is critical to utilize “out of the box” strategies to improve cash flow.

     

    Our proprietary tools and experienced technical team, comprised of some of the most experienced tax, legal and engineering minds in the business, will help you uncover hidden treasures in the form of state and federal tax incentives, credits as well as depreciation benefits.

  • Areas of Expertise

    Commercial Property Incentives

    • Cost Segregation Study - Cost Segregation is a lucrative tax strategy that was approved by the IRS in 1997. The concept of cost segregation is to reclassify specific real property assets that usually receive a depreciation life of 39 years (commercial real property) or 27.5 (commercial residential) into “tangible personal property” that is treated as five (5) year property or land improvements which are treated as fifteen (15) year property for depreciation purposes. Due to this improved tax treatment, portions of the electrical, plumbing, mechanical systems, and site improvements of a building along with hundreds of other components can be allocated to shorter lives translating into immediate cash flow.
    • Disposition Study - Because of improved tax laws, commercial property owners can now receive lucrative tax incentives when replacing or retrofitting lighting, HVAC equipment and roofing systems. Under the new disposition tax laws, a company now can take a 100% tax deduction on qualified property when being abandoned or disposed of in the current tax year. This hidden treasure can quickly add up to hundreds of thousands of dollars in new found money that will literally pay for the newly-installed energy efficient technologies.
    • Property Tax Appraisal - Many companies pay more in local property taxes than in both sales and income taxes combined, and unfortunately, they assume that it’s just another fixed expense. However, this doesn’t have to be the case. Lowering property taxes by negotiating a fair and equitable assessment is one of the most important steps a company can take to immediately reduce its expenses and increase its cash flow. While most firms pursue income tax strategies, far too few subject property tax assessments to the same degree of scrutiny.
    • Opportunity Zones - Defer capital gains tax with Opportunity Zones under the new Tax Cuts & Job Act (TCJA). The recently passed Tax Reform Act of 2017 (TCJA ) included a potential tax break for investors. An investor may defer capital gains taxes on the sale of any opportunity zones asset. These taxes can potentially be deferred until December 31, 2026, or the date of a sale (whichever is earlier). As discussed below, this original capital gains tax is reduced over time, and if held long enough, new appreciation on the investment can be realized tax-free.

    Business Incentives

    • Research & Innovation Credits (R&D) - If a company has invested time, money and resources into the advancement and improvement of the company’s product or processes, then it’s likely that the organization qualifies for the Federal R&D Tax Credit Incentive Program. However, many firms are unaware of how to qualify or what to even qualify for, so the opportunity goes unclaimed. While more than 14,000 U.S. companies claim federal R&D credits annually, less than 33% of companies that qualify for the credits apply for them.
    • Exporting Incentives (IC DISC) - IC-DISC is the last remaining export incentive available to U.S. exporters. It has been around in its current form since 1984, but IC-DISC did not become popular until the Jobs and Growth Tax Relief Reconciliation Act of 2003, which lowered the capital gains tax rate and thereby made it more attractive for exporters. 
    • Work Opportunity Tax Credits (WOTC) - If an organization is hiring 100 new employees or more each year, then they may benefit from having a WOTC Study performed. Originally designed to assist our Military Veterans in finding work when they returned home from overseas, the Working Opportunity Tax Credit (WOTC) is a dollar-for-dollar tax credit that provides $3,000 –$9,000 per employee hired. It is a federal program that provides tax incentives to employers for hiring and retaining individuals from targeted groups. 

    Energy Incentives

    • 179D Energy Incentive & Certification - Over the past several years, Congress and recent administrations have placed a much emphasis on green building and energy independence initiatives—and none have been more valuable to designers and builders than the Energy-Efficient Commercial Building Deduction (more commonly known as section 179D of the tax code).
    • Section 45L Tax CreditRecent tax legislation extended the Energy Efficient Home Credit which offers a 45L Tax Credit of $2,000 per dwelling unit to developers of energy efficient homes and apartment buildings.  
    • Smart Utility Incentives - Approximately 75% of businesses are overcharged on their utility services each year, adding up to billions of dollars in potential refunds, credits, and on-going monthly savings. We provide a zero-cost audit review that will identify all overcharges. We then provide all of the necessary documentation to the state and local utility companies necessary so that your company can receive refunds or credits as well as ongoing monthly savings from our work.