Julio Gonzalez, Founder and CEO of Engineered Tax Service (ETS), one of the largest specialty tax engineering firms in the country is proud to be a member of the California Business and Industrial Alliance (CABIA). The California Business and Industrial Alliance (CABIA) is a trade organization founded in 2017 by business executives and entrepreneurs to
If you are a builder, owner or developer of a residential home or apartment building, you may be a candidate to earn tax credits for energy efficiency. The 45L tax credit for energy-efficient homes provides $2,000 per unit for owner-occupied or rental dwelling buildings that meet certain qualifications. However, these valuable credits are often overlooked
After a lengthy comment period, the Department of Treasury has provided details about the expanded Main Street Lending Program, which seeks to help small and midsize businesses adversely affected by COVID-19. The program, included in COVID-19 federal disaster assistance funding, provides $600 billion in financing to businesses that were otherwise in sound financial condition before
Many commercial property owners are familiar with cost segregation as a tool to achieve faster depreciation of building components—all leading to valuable cost savings. Through cost segregation, which is the process of identifying and classifying subcomponents or units of property, investors and property owners can reduce tax liability and increase their bottom line. Cost segregation can apply
Congress has approved legislation that makes fixes to certain loan forgiveness provisions of the Paycheck Protection Program (PPP). The program provides assistance to small businesses encountering economic hardships as a result of the COVID-19 pandemic. The new Paycheck Protection Program Flexibility Act triples the number of weeks borrowers have to use PPP loans, from eight
Key Points: More properties given expected COVID vacancies could now present an accelerated and less costly strategy for Opportunity Zone (OZ) investors in qualified real estate and businesses (QOZBs). The Treasury Department affirms a special carve-out for a vacant property allowing investors with qualified capital gains to potentially bypass the substantial improvements requirement on existing