Real estate investing can be complex, and investors certainly have plenty of details to keep track of. While there may be many things competing for your attention, it’s important not to overlook the potential tax benefits available for your property. Failing to claim certain tax credits and incentives can cause investors to miss out on
Make U.S. tax law work for you. Self-storage operators can benefit significantly from using cost segregation because of the unique types of construction and exterior improvements found on a storage site. Although taxes are supposed to be one of the only two things that never change in life, tax laws are morphing all the time.
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
If your company’s revenues have been reduced by the COVID-19 pandemic, you may be able to increase cash flow by claiming several federal and state tax credits and incentives. R&D Tax Credit The U.S. government and two-thirds of U.S. states offer research and development (R&D) tax credits. Many companies mistakenly believe that these credits are
If you are an engineer or architect, you may unknowingly be missing out on some specialty tax incentives. Most utility companies also offer custom energy incentives to architects and builders. Municipalities require architects to show compliance with ever-changing energy building codes. At Engineered Tax Services (ETS), we partner with engineers and architects nationally to provide
On February 9, 2018, President Trump signed into law a package of tax extenders included in the Bipartisan Budget Act of 2018. The package includes an extension of over 30 tax incentives including retroactive extensions for 179D energy efficient building deduction, and the 45L tax credit for residential and multi-family units. These extensions maintain the
With around 1,000 operational or in progress craft distilleries, (mostly all who have opened in the last five to ten years) the craft spirits industry is following the similar past trends of craft beer and wine. This rapid growth often leaves owners and investors focused on how to get their next bottle out the door