What cost remediation benefits are available for US startups?

Cost remediation is the process by which we seek to reduce, refine or recapture operational costs and/or engage in tax mitigation on behalf of a business owner.  Our services are initiated on a no cost, no obligation basis wherein we review key aspects of the businesses line item expenses and determine what opportunities exist to refine said expenses as well as to determine what tax mitigation or benefits they may qualify for.  Through this process we are able to forecast what the benefits will be should the business decide to engage us for our services.  

Should they choose not to, there was no cost nor is there any obligation to them of any type.  

Additionally, it must be understood that under no circumstances do we serve as a vendor or change their current vendors, we simply audit those relationships and or general operating costs and identify avenues (and facilitate same) through which monies may be recaptured and/or refined on a go forward basis.  As such, over the past 18 years we have never experienced a client complaint as there exists no opportunity for them to have a negative experience in that we are not paid unless and or until we are successful in realizing the benefit to the client.  

Our clients range from small privately held businesses to many Fortune 500 entities, as well as various unions, municipalities and even entire states that use certain of our platforms. 

Now is the time to see what your company is entitled to via BusinessRefund.com

ERC

ERC

Nearly three-quarters of U.S. small business owners said the recent rise in Covid-19 cases has negatively affected their revenue,...

 ...according to a survey by Goldman Sachs, and that generating enough revenue is the biggest post-pandemic challenge facing them now. There is relief right at their fingertips though, and it only involves answering 3 simple questions and then activating their ERC benefits of $26,000 per employee that they had in 2021. Where? Simple: via Erc4Business.com. They can view their amount and actually activate it immediately from the site.

Well, that worked, now what?

Well, that worked, now what? - Classified Ad

Employee Retention Credit

 

The government has authorized billions in economic stimulus through the Employee Retention Credit program, and yet hundreds of thousands millions of business owners will let much of this money go unclaimed (that's $26,000 per employee!) If your business was impacted by the pandemic, you are owed a check from the U.S. Treasury for hiring American workers - the only question is "How Much Will You Get?"

The complexity of the ERC program is a beast unto itself and every tax accountant we’ve talked to has said they are focused on income taxes and "they'll figure this out later". Do you really want to wait? Use our engineered software to see your benefits in seconds, then activate your ERC instantly from the site at erc4business.com

Once you activate the service, we will be reaching out for a welcome call to walk you through using the simple system.

Larry Potter

Specialized Senior ERC Advisor

Engineering-Based Cost Segregation

 

It is impossible for me to calculate the number of calls I’ve had with building owners and CPAs on the subject of Cost Segregation. Working some numbers in my head (ok, on my calculator), the number is likely well over 10,000. Out of all those calls there is one particular item that continues to rear its ugly, uninformed head and I can no longer stay silent. I must respond… with vigor!

The “item” in question comes in the form of the following quote, which I’ve heard too often to count:

“You can only do Cost Segregation on a new building or new renovation.”

I have no idea where this rumor started. I hear it weekly and now I am blogging in rebuttal.

First, I will say an unequivocal “Yes”, it is beneficial to have a Cost Segregation study done when you purchase/construct/renovate a new building. In fact, anyone constructing or renovating a commercial property should have a study completed. However, the true power of Cost Segregation is displayed on buildings that are not new!

“But, you can only do Cost Segregation on a new building or new renovation”.

To officially rebut this statement, I will go straight to the source. The first sentence in the IRS Cost Segregation Audit Techniques Guide – Chapter 6.2 reads:

“A taxpayer may conduct a cost segregation study on used property and then re-compute its depreciation deductions for prior years”. 

Not only “may” a taxpayer do this but over 75% of our projects are older properties. In the industry we call this the “Catch Up” method, and it can produce powerful results.

Here is an example:

Mr. Client acquired a commercial property for $3,500,000 five years ago and never completed a Cost Segregation Study.

Despite rumors to the contrary, Mr. Client recognizes he may now have an opportunity to benefit from a study (maybe he read this blog post).

Mr. Client hires an expert (GMG for example), who identifies 20% ($700,000) of components that should have been allocated to 5-year life instead of 39 years. Mr. Client jumps for joy when he realizes the IRS will allow him to “catch up” $700,000 of missed accelerated depreciation on his next tax return!

Why doesn’t every building owner and CPA know this?

The answer is simple; it is not their area of expertise. Although some building owners and CPAs have substantial experience with Cost Segregation, most do not. There is a dearth of true educators in this field, which unfortunately leads to much misinformation. These factors have caused countless thousands of building owners to miss out on this powerful tax savings strategy.

All is not lost!

If you own a building and have not had a Cost Segregation study performed, you have not missed the boat. Hundreds of thousands, or even millions, of dollars in tax savings may be available to you. Now that you are aware, let’s see how much you qualify for!  Visit us today to see your benefits in seconds via PropertyTaxBenefits.com

Using the site, you can either self-activate your savings or set a call with us and your CPA (if you wish) and anyone else you wish to attend.

Property Tax Mitigation Study Overview

 

Outside of income taxes, the single largest recurring charge for commercial property owners are Property Taxes. In most states, owners are required to pay taxes on both their real estate as well as their personal property. These charges are often an immense expense and a constant hit to the bottom line. To be ensured you are not being overcharged on your Property Taxes, an industry specialist with extensive market experience in valuation, tax, and law should be retained.

A simple contingency engagement with us will get the ball rolling. We will collect your most recent property tax assessment as well as an authorization for us to work on your behalf. We then go to work for you! When we procure a savings/refund for you, our fees will simply be a percentage of what you receive as a result of our work.

The initial consultation is a simple and quick process. To schedule your consultation,
please visit us now at PropertyTaxBenefits.com