“Money won’t create success, the freedom to make it will.”  Nelson Mandela

Property Tax Mitigation

Our experienced team of professionals are experts in property assessments, valuation and mitigation. They will work on your case to identify any potential opportunity for refunds and/or reductions in your current property taxes.

To find out how much in property tax savings your company may qualify for, please click here.

Any commercial property owner who pays over $50,000 per year in real or personal property tax qualifies and on average, we have found property owners are being charged at least 15% more than they should be.

The immediate benefit is the reduction of taxes owed and the potential of refunds on prior taxes paid. The future benefits would similarly be a reduced tax burden going forward, producing an increased cash flow for the business.

Property Tax Mitigation can take anywhere from 1 – 12 months, as the turnaround is dependent upon the annual review date of your local municipality. On that date, our Property Tax Division submits their findings on your behalf. The municipality then reviews the findings and rules either in your favor, or not. Most often the findings favor the property owner.

We act as an extension of your company toward the governing property tax bodies and perform all the work on your behalf until savings are captured, including partaking in hearings and filing necessary paperwork.

To find out how much in property tax savings your company may qualify for, please click here.

Cost Segregation

Cost Segregation is an “engineering-based” study, which allows a building owner to depreciate a new or existing structure in the shortest time permissible under current tax laws.

The qualifications are for commercial buildings placed in service after December 31, 1986, at a cost of over $500,000 for purchase, construction, expansion or renovation.

Using accelerated methods, certain costs that were previously classified as subject to a 39-year depreciable life, can instead be classified as personal property or land improvements, expediting the rate of depreciation to 5, 7, or 15-years.

Typical building components that can be reclassified include certain non-structural elements, such as: carpeting & floor coverings, decorative lighting and trim, ceiling tiles, dedicated electrical and plumbing and security systems. Also exterior land improvements, such as landscaping, curbs, sidewalks, fencing, and signage. Indirect construction costs include architectural and engineering fees, as well as construction permits.

The primary benefits of a Cost Segregation study include:

  • Immediate increase in cash flow.
  • Reduction of current tax liability.
  • Deferral of taxes.
  • Ability to reclaim “missed” depreciation deductions from prior years.
  • No requirement to file an amended tax return.

A Cost Segregation study generally takes 4 – 6 weeks and we carefully follow all IRS guidelines. If requested, we will work with your CPA or Accountant, though few truly understand the benefits of Cost Segregation. Like all of our other services, there is no upfront cost to determine how much you can save with a Cost Segregation study.

To find out how much your company may benefit from a Cost Segregation study, please click here.

R&D Credits

R & D Credits are specialized payroll incentives for companies who manufacture or develop products in the U.S.

Originally introduced in the Economic Recovery Tax Act of 1981, these credits were designed to stimulate research and development in industries of all types and sizes.

Unfortunately, many business owners are unaware that these tax credits exist at both the Federal and State level. Others mistakenly believe need to be a large enterprise or have a research facility, and are surprised to find out that they qualify.

Eligible companies are those with a total U.S. payroll of over $500,000 who perform any of the qualified activities listed below.

  • Manufacturing
  • Fabrication
  • Engineering
  • New Product & Process Development
  • Developing New Concepts Or Technologies
  • Design (Layout, Schematics, AutoCAD)
  • Prototyping or Modeling
  • Testing / Quality Assurance (ISA900x, UL, Sigma Six, etc.)
  • Integration Of New Machinery (CNC, SLA, SLE, etc.) Into An Existing Process
  • Software Development Or Improvement
  • Automating Or Streamlining Internal Processes
  • Developing Tools, Molds, Dies
  • Developing Or Applying For Patents

Direct benefits include:

  • Dollar for dollar credit against taxes owed or previously paid.
  • Carry forward credit for future profitable years.
  • Immediate increase in company cash flow.

Utilizing a team of highly qualified professionals, including IP attorneys with engineering backgrounds, we perform an in-depth analysis to determine which ones may apply to your company. We strictly adhere to the Comprehensive Project-by- Project Approach methodology, as required by the IRS.

Average tax savings is $20,000 – $40,000 per year for every $1,000,000 in total company payroll. In addition, companies may be eligible to claim credits for 3 prior tax years, plus the current year.

To find out how much in R&D Credits your company may qualify for, please click here.

Energy Credits

In 2005, the Energy Policy Act was passed. It was designed to promote conservation and encourage the use of alternative energy sources, including solar and wind.

Contained in the Energy Policy Act were special provisions designed to reduce the initial investment in energy efficient buildings via accelerated tax deductions. This includes full and partial deductions for such things as heating, cooling, lighting, hot water and ventilation.

The potential savings are as follows:

Up to $.60 for lighting, $.60 for HVAC and $.60 for building envelope, creating a potential combined deduction of $1.80 per sq/ft.

To find out how much in Energy Credits your company may qualify for, please click here.

To see how much  we can reduce your taxes, please contact us today.