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Saturday, March 2, 2019

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


Wednesday, February 27, 2019

Increase Your Business Profits In Seconds

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.

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 have you visit us at  www.BusinessRefundEstimate.com  and you will see your benefits in seconds.

Sunday, February 24, 2019

Do you have a 'Tax Preparer' or a CPA?

Depending on your answer, you could be getting bad advice which puts more money in the IRS’s coffers (and leaves less in your pocket).
Below is the crux of a typical tax preparer’s opinion regarding Engineering Based Cost Segregation Studies which an experienced CPA would say has kept many commercial property owners from implementing this highly beneficial tax strategy which is effectively encouraged by the IRS.
Here is a typical ‘tax preparer’ statement to commercial property owners:
“You are not getting additional depreciation, you are accelerating depreciation by allocating cost to shorter life. I advise against such a strategy as there can be future tax implications and also there is upfront cost involved.”
For frame of reference, here is the IRS’ view (from www.irs.gov) on cost segregation:
“Buildings and structural components have substantially longer depreciable lives than personal property. Therefore, it is desirable for taxpayers to maximize personal property costs in order to accelerate depreciation deductions and, hence, reduce tax liability.” (source)
Here’s how many experienced CPAs would look at this matter:
The above point of view isn’t considering the bigger picture. For instance, only looking at the (potentially) negative capital gains tax implications associated with cost segregation by itself is ‘missing the forest for the trees’:
  • It is not necessarily true this would be a ‘negative’ as it would depend on the ultimate sale price versus the depreciable cost basis; if the sale price is equal to or less than the depreciable cost basis then the capital gains issue is, well, a non-issue.
  • There is no consideration given to the positive effect on the income tax picture due to cost segregation; this positive effect needs to be weighed against the potentially negative capital gains effect.
  • In general, property owners will benefit from cost segregation if they hold the building for at least 18 months. One reason for this dynamic is that the capital gains tax, even at the 25% ‘re-cap’ rate, is much lower than the typical 35% to 39.6% income tax rate.
  • There is an assumption that the property owner is absolutely giving up all future depreciation benefits in exchange for taking those benefits now. Well, if the owner never replaces carpeting, wiring, plumbing and other such non-structural components, then, ‘yes’, that would be the case. But the reality is that these components will ultimately be replaced (which is the basis for the relatively shorter/accelerated tax-compliant depreciation time-lines for such items). The associated replacement costs can be depreciated.
So, in fact, the depreciation isn’t lost in reality. Plus, only about 20% of the building can be ‘accelerated’…the remainder stays in 39-year S/L.
  • In effect, this is a time-value-of-money/opportunity cost ‘play’. So an owner’s capitalization rate needs to be considered; a critical mass of money in the hands of a good businessperson NOW could feasibly produce a 10% or greater return. An owner’s ability to convert that ‘now cash’ (i.e., cash that becomes available due to cost segregation’s resulting reduction in current income tax) into more cash could easily dwarf the down-the-road bit-by-bit depreciation cost deductions which the owner MAY be passing on.
  • The “upfront costs” for conducting an Engineering Based Cost Segregation Study are barely worthy of factoring into the benefits equation; first, the Study is a business expense and effectively comes at a 35% (+/-) ‘discount’, and secondly, the Study cost can often be less than 10% of the tax benefit (even without the ‘discount’). Most business-minded people would find a project with a minimum 10:1 benefit-to-cost ratio to be worthy of pursuit.
So, do you have a ‘Tax Preparer’ or a CPA? The best way to find out is to ask him or her how they perceive the value of an Engineering Based Cost Segregation Study for a commercial property owner and have them (or you) see your estimated savings in seconds at  www.BusinessRefundEstimate.com


Saturday, February 16, 2019

Our Focus Industries Match Your Ideal Clients

While we can provide substantial benefit to all business types, we focus aggressively on those Industries that realize the greatest benefits. Our team of legal, tax and engineering professionals work with you to enhance your brand through the provision of the most proven and comprehensive series of reviews in the industry. Our efforts have resulted in 100's of millions of dollars in benefit to tax professional Clients. We specialize in cost recapture, refinement and tax mitigation services. These platforms have allowed both promising and established firms to experience explosive growth, enhanced Client retention and more comprehensive revenue. Tax practices that we work with have used these platforms to benefit and acquire new Clients of all sizes, ranging from small businesses up to and including, many fortune 500 companies across every market sector.
See how to expand your book-of-business.

Wednesday, February 6, 2019

USA Commercial Property Owners Pay Low or No Taxes!

Own Commercial Real Estate? 

Search Hundreds of Local, State, and Federal Tax Incentives in 30 Seconds!

Watch the short video, then see your savings now.




Thursday, January 31, 2019

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