How often should cost segregation be applied to a building? And are annual updates required or necessary? Property owners ask this question on a regular basis. A good cost segregation study only needs to be applied once to a building and will calculate the annual depreciation for as long as you own it. However, always ensure that
AIA Partner Engineered Tax Services provides an overview of tax credits and other forms of assistance. Early 2020 has rolled in unlike any other year in the US and perhaps even world history. Below in this article are some less know Tax Reprieves that can be financially beneficial to businesses through these difficult times. The
For several years now, there’s been a long-standing argument that if those of us in the accounting profession are to thrive, and not just survive, we’re doing to have to switch from a compliance mindset—merely being passive order-takers who enable our client to comply with prevailing tax codes—to an advisory role. By assuming an active
There is tremendous value in construction tax planning. If you’re in the construction industry, do you know how many millions of dollars you can save if you plan ahead to take advantage of powerful tax incentives before you build? At Engineered Tax Services, we have 20 years’ experience specializing in providing specialty tax services to
So far, two conservative-leaning states have proposed “anti-censorship” bills that would eliminate tax breaks for Big Tech/social media companies like Facebook, Amazon, Google, and Twitter that deplatform conservative politicians and commentators who violate their terms of use. In February 2021 in Alabama, Republican state Rep. Chip Brown authored a bill, HB213, known as the “Anti-Censorship
Architects often ask if they will face resistance from the IRS if they claim R&D tax credits and get audited, but they can improve their chances by following these guidelines and tips. IRS Hurdles List Read the IRS guidelines, know the four-part test, and understand how to define phases in project accounting. According to the