The junior box, what is it?

 

We have all heard of big box stores like Wal-Mart, Target, and Home Depot.

A junior box is a type of big box store, just the smaller variety.  It is a retail space containing 20,000 to 40,000 square feet.  Common examples of junior box tenants are Hobby Lobby, Goodwill, and PetSmart.  Junior boxes actually make up the largest portion of overall net-leased big-box stores on the market.

Big boxes are larger than 80,000 square feet, while the mid box is a retail unit of 40,000 to 80,000 square feet.

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Two sites if you are a CPA, tax preparer, accountant or business owner in the USA.

1. For commercial property owners/clients:     www.PropertyTaxBenefits.com



2. For all businesses/clients: www.BusinessRefundEstimate.com



April 15th is fast approaching, see the tax savings in seconds!



Larry G. Potter

Specialized Tax Senior Advisor

Lgpotter33@gmail.com

Auto Dealerships Can See Tax Benefits from Renovation

Many automobile dealerships implement significant renovations as the industry morphs due to technology changes and as manufacturers rebrand. The goal of the renovations are, of course, to improve top line performance (sales).

Top line goals can effectively be achieved more quickly by capitalizing on the tax benefits associated with the renovations; for instance, it’s not uncommon for $1MM in renovations to conservatively equate to a $60,000 tax related improvement in the bottom line. Given a 10% profit margin, that equates to a $600,000 increase in top line results.

What Tax Benefits?

Tax benefits associated with construction costs can be procured through an Engineering Based Cost Segregation Study. This Study applies tax compliant depreciation time-lines to certain non-structural components.

Furthermore, the tax benefits of properly depreciating current renovations can apply to the entire existing facility, including past renovations.

Cost segregation analysis is a logical tax strategy dating back to 1959 when the Tax Court first allowed component-based depreciation of buildings (though greatly clarified over the past decade with the IRS’s Audit And Technique Guidelines). Even properties purchased years ago can capture benefit with a very attractive cost-to-benefit ratio for performing an Engineering Based Cost Segregation Study. Any auto dealership whether purchased, constructed or renovated for costs in excess of $500,000 should consider this service.

www.BusinessRefundEstimate.com

Non-Profits vs Deductions

If you are a non-profit with many credit card transactions, you should know that many non-profits may be on special pricing tiers due to their non profit status. 

This means that you have the potential to have your Credit Card rates on special pricing, your Waste & Recycling may be on special layout, etc. 

We can only determine this via Discovery Call 

www.BusinessRefundEstimate.com

And if you own commercial property, you can see your saving in seconds: See your savings in seconds at  www.PropertyTaxBenefits.com

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Lgpotter33@gmail.com

“Profit Center”

It's a buzzword being tossed around like a football across corporate America. It sure sounds good, doesn’t it? Of course it does, who doesn’t like profits? Unfortunately saying the words “Profit Center” and actually having one are two different ball games.

To put it simply, a Profit Center is defined as, “The branch or division of a company that creates profits individually and separately from the main organization.”

There are essentially two methods of creating a profit center for your organization. First, you can offer a new service that creates a profitable revenue stream. Second, a cost center can turn into a profit center by selling those administrative “cost of doing business” services to other firms. As Management Professor William E. Halal so eloquently stated to USA Today Magazine, “When a business firm becomes a corporate community of entrepreneurs who buy, sell and launch new products and services internally as well as externally, it gains the same creative interplay that makes market economies so advantageous.”

For the purpose of this article we will focus on creating a new profit center rather than converting a cost center into a profit center. The easiest way to create a new profit center is to add service offerings that align with an existing client base.

For example, CPAs, A/E/C firms, and even most Contractors have an existing base of business clients and referral partners who own commercial property. Are they maximizing on the plethora of accumulated property data, let alone the hard-earned relationships they’ve developed? These are not cold leads or warm contacts but EXISTING CLIENTS who have already paid money for their services. Failing to monetize an existing client base with value-added services is just bad business.

So, how do I create a new service offering and market it to my existing client base? The easiest way to accomplish this is to partner with an organization that already has a profitable service on the market that would be a benefit to your clients. Once a partnership is established, the next step is to effectively spread the word to your existing client base. Communicate how your new opportunities will benefit them and move them through the sales cycle. If you have done it right, your existing clients will thank you for your high level of client service. This truly becomes a “win-win-win” proposition!

Growth Management Group, LLC (GMG) provides custom services to business owners across the nation to increase sales, reduce cost, and procure specialized tax incentives. GMG also offers strategic partnership to firms looking to utilize their existing client relationships to generate new revenue streams.

For additional information tap here now.

I have a question about using this GMG savings tool. www.BusinessRefundEstimate.com

"I have clients purchasing commercial properties (Hotels and Assisted Living facilities) ---would I be able to use this tool to calculate the TAX savings?

Looking for another creative way to benefit new buyer but at the same time negotiating price and terms with sellers.

Please advise ASAP. Thanks."

Answer from GMG: " Cost segregation is for the purchase or renovations of the building. It is possible for the seller and purchaser of a building to both take advantage of cost segregation during the sale of a building. However, it would need to be reviewed on a discovery call to go over the details to determine for sure. If income is generated Cost Segregation may be a good benefit to offset part of that income."

Their next question was: Does this work for single family homes that buyer will be buying to use as Assisted Living Facility (6 adults in 1 house)

Answer: If income is generated Cost Segregation may be a good benefit to offset part of that income.

Final question: What is the best tool my commercial property owners can use before April 15th who are worried about taxes this year and find out how to offset or eliminate their tax liability now? 

Answer: This free handy tool will do that in 30 seconds for them.

The Simplest Way To Lower Your Business Taxes!

The new year is upon us and most of my clients are very concerned with tax liability. They are looking for ways to offset or lower their taxes.

As mentioned previously, a cost segregation study can do just that for qualifying clients and it seems that you would qualify, especially this year because bonus depreciation has been doubled!

All we need to do to confirm your benefit is for you to answer 2 simple questions.

Larry G. Potter