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SPECIALIZED TAX INCENTIVES
Our Property Tax Mitigation service if one of three flagship services making up our Specialized Incentives.
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 their bottom line. To be ensured clients are not being overcharged on Property Taxes, we use an industry specialist with extensive market experience in valuation, tax and law to perform their Property Tax Mitigation.
Most companies consider property taxes to be a ﬁxed cost. However, a review of real and personal property tax assessments often results in the identiﬁcation of opportunities for lower property tax bills. A property tax review can result in savings up to 10-25% or more of the total real and personal property taxes paid. Savings identiﬁed in the current year are typically realized in future years as well. Targeted Industries Hotels, Retirement Homes, Manufacturing, Retail Plazas, Grocery, Ofﬁce Complexes Minimum Requirements A commercial property that: • Has $50,000 ore more in real and personal property taxes annually
Our Cost Segregation service if one of three flagship services making up our Specialized Incentives.
Cost Segregation is an engineering based study that permits commercial real estate owners to reclassify real property for depreciation purposes and reclassify it as more rapidly depreciating personal property. This reclassification results in significant cash flow benefits in both present and future years through considerably shorter depreciable tax life and accelerated depreciation methods.
Commercial Property (Cost Segregation)
The Commercial Property beneﬁt is a Federal program designed for business owners who own commercial properties, or have performed signiﬁcant lease hold improvements. This program traces it’s roots as far back as the Tax Reform of 1986, but went through signiﬁcant changes in 2004 making it more accessible for small and midsize property owners to take advantage of. The most recent changes appeared as late as February 2009 in the American Recovery and Reinvestment Act. This is an engineered based program that focuses on the components of the building. 90% of all commercial properties qualify for this program. Commercial Property Beneﬁt provides an opportunity to signiﬁcantly reduce federal taxes and improve case ﬂow. Targeted Industries Hotels, Restaurants, Apartment/Nursing Complexes, Ofﬁce/Retainer Complexes, Shopping Malls, Manufacturing Facilities, Funeral Homes, Dealerships, Golf Courses, Grocery Stores and Medical Facilities. Minimum Requirements A Commercial Property that: • Was purchased or built within the last 20 years, with $500K or more in cost • OR, has renovations/improvements within the last 20 years of $250K or more in cost • AND, has paid federal taxes within the last 3 years, or plans to in current year.
The services that we provide have saved companies like yours over $500M.
Our free analysis is available and can be provided to you in all 50 states virtually through a video meeting with your PC, IPAD or Iphone.
Our team understands the value of your time, and will work quickly to determine which programs you may qualify for. In as little as 15 minutes we can determine if you qualify for any programs, and even provide an estimate of how much benefit you may be looking at.
Our Manufacturing Incentives service if one of three flagship services making up our Specialized Incentives.
We utilize a team of highly qualified professionals including IP attorneys with engineering backgrounds and adhere to the Comprehensive Project by Project Approach methodology as required by the IRS. By following this methodology, we we qualify every applicable employee, activity, hour spent and corresponding wage paid in order to maximize the incentive for our client. We strictly adhere to the applicable sections of the code and provide first-in-class documentation to substantiate our findings.
Manufacturing Incentives (R&D Tax Credit Study)
The Manufacturing Incentives beneﬁt is a Federal program designed for companies that perform manufacturing in the U.S. This program is listed under Section 41 of the IRC (Internal Revenue Code) and continues to be amended on an annual basis as the U.S. manufacturing landscape continues to evolve. This is an engineered based program that focuses on a company’s operations and processes in order to determine their qualiﬁcation for incentives. The Manufacturing Incentives beneﬁt provides an avenue to receive ‘tax money’ back from prior years while also reducing current taxable income on a dollar-for-dollar basis. Targeted Industries Manufacturing, Engineering, Software, Chemical & Pharmaceutical companies Increased beneﬁts are available for companies that are involved in: • Developing and improving quality and cost efﬁcient solutions and processes • Quality assurance and testing • Engineering and design • Manufacturing • Prototyping or modeling • Process improvement resulting in better productivity and turn around cycle • Specialized assembly processes using technology • Developing tooling applications and solutions • Product development and improvement Minimum Requirements A U.S. ﬁrm that: • Has $1.5M in annual payroll • AND, has paid Federal taxes within the last 3 years, or plan to in the current year.
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