Restaurateurs - Stop Losing Money!

Restaurants have two major tax incentives available to them, yet most are not taking advantage and consequently losing money. The main programs that most in this industry are missing out on are:

1. Engineering-based Property Cost Allocation
2. Property Tax Reduction

Engineering-based Cost Allocation

Engineering-based cost allocation identifies opportunities for federal, and in some cases, state tax advantages to owners of commercial industrial real estate by accelerating the depreciation on their property.

Taxpayers are typically correct in depreciating personal property such as equipment and furniture over five or seven years, but they often neglect available federal and state tax benefits by erroneously depreciating their entire investment in constructing or acquiring a building over 39 years. To do this correctly, one must hire an experienced engineer with a thorough understanding of construction finance.  The engineer will review all blueprints, architectural drawings, and electrical plans to isolate structural and mechanical components from those that are considered personal property in addition to identifying architectural and engineering fees that can be segregated.  The resulting cost allocation report will allow a taxpayer to:

• Adjust the timing of deductions thus maximizing tax savings
• Create a complete audit trail to resolve any IRS inquiries
• Capture immediate retroactive savings on qualifying properties
• Reduce real estate tax liabilities significantly

Property Tax Reduction

Probably the most frustrating bill that comes each year (or in some cases, twice each year) is the property tax bill. As of this writing, our studies indicate the average Restaurant in the United States is being overcharged by 10% on their property taxes. There are many reasons Restaurants are overcharged but mainly it is the result of improper assessments by the municipality. If you own a Restaurant and are paying property taxes over $50,000 per year, you should have a review completed on your facility. Reductions in this area are direct to your bottom line!

If you have not had a thorough review on your facility, especially as it relates to the areas of Property Cost Allocation, and Property Tax Reduction, you are likely losing money that should remain in your pocket.

Get One In Seconds at  www.BusinessRefundEstimate.com

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US Firms Losing Out on Millions

All across the nation, firms are consistently missing out on millions of dollars in Federal Tax Incentives!

How?

Simple. Federal Tax Incentives have been crafted, passed, and signed into law making hundreds of millions of dollars available. For some reason, many US firms consistently fail to capture the money allocated for them.

Why?

Part of it is the fault of government and their lack of effective naming of the Incentives they pass. The Section 41 Credit is inadequately named the “Research Credit”. This poor title makes it sound like it was created to provide funding for medical laboratories. Fortunately the Incentive is so broad, that almost all U.S. based Manufacturing, Engineering, Software Development, and Fabrication firms qualify for money.

How much is available?

We have found US firms, on average, are able to qualify for approximately 25% of total company payroll. For example, a typical firm with a $2,000,000 company payroll will be able to qualify $500,000 of their payroll toward the Section 41 Incentive. The gross benefit of this would be anywhere from $25,000 – $50,000 per year (and firms are allowed to go back three open tax years!).

Why doesn’t the CPA just handle this?

To put it bluntly, they are not qualified. Specialized tax incentives such as this are extremely technical and backed by myriads of case law. CPAs do not have the time nor the knowledge to investigate, determine, procure, and defend specialized tax incentives such as the Section 41.

How should US firms determine their qualification?

First off, they should not file another tax return or remit the next quarterly estimated payment until they have consulted a specialist in this area. A true specialist will be able to provide a solid estimate of benefits through a brief phone consultation.

Please do not let the government’s failure to name an Incentive properly keep you from capturing your benefits in full. Nearly all firms qualify for Section 41 money. If you would like an estimate of how much you are missing out on, please visit the following site and see your benefits in seconds.

www.BusinessRefundEstimate.com

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Are Medical Offices a Good Candidate for Specialized Tax Incentives?

Medical facilities are one of the best industry qualifiers for both cost segregation and property tax mitigation.  So much so, we have dedicated to this site to them: www.BusinessRefundEstimate.com 

Medical facilities may include:

• General Practitioners
• Specialist 
• Dental
• Optical
• Veterinarian
• Privately Owned Pharmacies 
• And many more 

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Do nonprofit organizations qualify for Specialized Tax Incentives?

Without going into the hundreds of nuances individual nonprofit organizations may have, the answer to this boils down to one simple question, "Does the organization pay taxes?"  

If the answer to this question is, "Yes."  Then it is worth taking a look at Specialized Tax Incentives for them.

Free Tool For All Organizations & Businesses To See Your Potential Refunds

www.BusinessRefundEstimate.com

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Stryde Solutions helps commercial property owners get their property taxes reduced with no upfront fees. We also help businesses grow in 5 key ways with NO upfront fees.

See your estimated savings/refund in seconds. 

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Question in regards to the page at 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 and use that as part of the price negotiations with the sellers? 

Would the rebates/ savings go back to the sellers or would it go back to the new buyer? 

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:

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.

Plug in the numbers and find out now.

www.BusinessRefundEstimate.com