Why Should a Professional Handle Your Cost Segregation Study?

Written by Darren Labrie, CPA. Updated Apr 12, 2019.

I’m a little bit of a do-it-yourselfer (DIYer). As with many other “I got this” zealots, I’m always game for saving a few bucks and invigorating the ego with bragging rights for completing a task or home-improvement venture that most others would call upon a professional to tackle.

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It’s Not Lonely in the Lone Star State! More Businesses Call Texas ‘Home’

Written by Corporate Tax Incentives. Updated Feb 6, 2019.

On the heels of the record-setting incentive package of more than $1.5 billion in grants and tax breaks from New York state that Amazon stands to get for bringing at least 25,000 workers to a new campus in Queens, New York Gov. Andrew Cuomo was quoted as saying, “All things being equal, if we do nothing, they’re going to Texas.”

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You Complete Me: CPA Firms Partner with Tax Consultants to Attract Business

Written by Darren Labrie, CPA. Updated Jan 9, 2019.

There is no shortage of famous movie quotes in the lexicon of pop culture, and the phrase “You complete me” uttered by Tom Cruise in the film Jerry Maguire certainly belongs somewhere at the top of the list. While expressed with complete sincerity in the film to his love interest, the phrase has enjoyed longevity having been oft quoted, sometimes as a comedic device, such as in the film Austin Powers and the TV show The Office, and in the deranged rantings of the villainous Joker in the Batman film The Dark Knight.

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2017 Changes to Green Building Tax Incentive Programs

Written by Frances Kim. Updated Jan 12, 2017.

Is your company aware that certain tax incentives expired within The Protecting Americans from Tax Hikes Act, known as the PATH Act? However, have no fear, there are still many components that are still active.

Even though parts of the PATH Act expired, on the whole, green building tax incentives remain an important tax savings strategy for businesses. In direct proportion to the growing efforts to reduce energy consumption, companies that own commercial or industrial property will continue to need insight and guidance on green building incentives.

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How To Obtain Tax Incentives For Your Next Green Building Project

Written by Frances Kim. Updated Feb 25, 2016.

Cost segregation is a key project for identifying your opportunities to capture green building tax incentives. A cost segregation study breaks down costs and documents the information you need to claim green building benefits.

Typically, green building tax incentives are complementary projects to cost segregation, where the analysis is primarily focused on accelerated depreciation for fixed asset tax deductions.

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3 Green Building Incentives Your CPAs Should Be Knowledgeable About

Written by Frances Kim. Updated Feb 24, 2016.

The recently passed PATH Act includes a two-year extension of the Energy-Efficient Commercial Building Deduction, also known as section 179D of the tax code. This is largely due to growing awareness that the 179D deduction is a vital benefit for businesses.

“By extending 179D tax deduction, Congress has done architects, engineers and contractors a major favor as we have seen firsthand how this incentive has helped companies expand both their workforce and the scope of their services,” said Dean Zerbe, alliantgroup national managing director and former senior counsel to the U.S. Senate Finance Committee, in a recent article published by Proud Green Building

On the whole, green building incentives are becoming an increasingly important tax savings strategy for businesses. In direct proportion to the growing efforts to reduce energy consumption, clients of your CPA firm that own commercial or industrial property are going to ask for more insight and guidance on green building incentives.
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Do Your CPAs Need Training On Cost Segregation? (Find Out)

Written by Frances Kim. Updated Feb 8, 2016.

The landscape of cost segregation and depreciating fixed assets is vast, complex and constantly changing, due to governmental regulations. Cost segregation studies (and the subsequent work involved) require expertise in both tax guidance, construction and facilities engineering – this isn’t something you should expect your CPAs or clients to grasp without some level of guidance.

And yet, the “new normal” for CPA firms today is centered squarely within a client centric environment with the challenge of fulfilling traditional core accounting services, while also providing knowledge, information and services to capture every allowable tax benefit.

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Case Study: The Successful Results of A Complete Fixed Asset Review

Written by Taz Singh, CPA. Updated Feb 5, 2016.

**This case study is an amalgamation of CTI client success stories – based on real-life outcomes – to showcase a balanced, conservative perspective in the interest of not inflating numbers or empty promises.**

Company XYZ, Inc. is a food manufacturing company with four facilities spread throughout California, including its headquarters facility, which is located in Sacramento.

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Partnering With A Cost Segregation Consultant: What You Need To Know

Written by Frances Kim. Updated Jan 29, 2016.

Perhaps you have a lot of fixed asset additions each year that include a variety of tangible personal property and real estate assets, but are unfamiliar with or not particularly savvy in the ways of cost segregation. Or, perhaps your business is finally emerging out from under the recession’s thumb or you’re a thriving startup that’s recently become taxable and may now reap the rewards of cost segregation and broadened real estate tax strategies.

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The Recently Issued Tangible Property Regulations: Small Business Edition

Written by Frances Kim. Updated Jan 28, 2016.

Although the final regulations are most significant for fixed asset intensive industries (i.e. electric utilities, telecom, retail, etc.), or real estate property owners that consistently incur capital expenditures to maintain their facilities, small business owners are also seeing some advantages from certain aspects of the Tangible Property Regulations.

Small businesses like yours are able to deduct many expenditures immediately and accelerate the depreciation on others, rather than spread them out over a longer period of years as annual depreciation deductions.

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