Archive for the ‘Cost Segregation’ Category

Palm Beach Gardens – Jan. 2010 – U.S. Green Building Council of South Florida will hold a meeting at the PGA National Resort and Spa on Thursday January 21, 2010 at 6:30 p.m. The meeting titled “Financing LEED and Retrofits” will discuss financial vehicles available by way of tax incentives to businesses and non-profits. The event will feature presentations on financial options available for funding green projects. The meeting is free for USGBC members and $10 for non-members.

Debbie Danto, LEED AP from Engineered Tax Services will be a guest speaker at the event. Ms. Danto will discuss in detail financial methods such as cost segregation and Epact Certification. Engineered Tax Services is a licensed engineering firm with professionally staffed engineers who marry the science of engineering with the principles of tax and accounting to arrive at financial solutions that result in increased cash flow, minimized tax payments and increased return on investment.  ETS specializes in providing a wide spectrum of engineered accounting solutions such as energy tax credits, cost segregation studies, energy audits and insurance appraisals. For more information, please contact 800-236-6519 or email info@engineeredtaxservices.com

Other special guest speakers include Will Volker with Efficiency Energy who will speak about the monetization of the energy tax benefits, and John Goodrich with US Energy Capital who will speak about financing of energy-efficient renovations and retrofits.

More information on the USGBC and its South Florida chapters may be found at http://www.usgbcsf.org/.

Engineered Tax Services is pleased to announce that John Cummings, Esq. has joined us as our Director of Business Development for Florida and the Southeast United States.   John is an attorney licensed in New Jersey and New York and has over 15 years of experience in relationship and major account management.  He brings to ETS his expertise in advising clients of all sizes on the implications of tax and financial matters. 

ETS is a licensed engineering firm staffed with professionals who marry the science of engineering with the principles of tax and accounting to arrive at financial solutions that result in increased cash flow, minimized tax payments and increased return on investment. These IRS-sanctioned services include Energy Tax Benefits, Energy Policy Act Certifications, Energy Audits and Carbon Audits.

Our attention to detail is second to none. We meticulously follow IRS guidelines and go beyond the standards required. Our procedures, processes and final work product set the benchmarks that others strive to reach.  We look forward to working with you.

For more information, you may contact info@engineeredtaxservices.com or 1-800-236-6519

Washington, DC – November 1, 2009 

Julio Gonzalez, CEO for Engineered Tax Services, will be the keynote speaker at the World Energy Engineering Congress in Washington, DC on November 4. The WEEC Congress conference will address issues surrounding new energy technologies, as well as regulatory, economic and industrial trends of the energy field.

Mr. Gonzalez, will be speaking on Wednesday, November 4^th at 4 pm regarding the extension of the Energy Policy Act of 2005 by Congress and how to gain significant tax incentives from energy efficient commercial buildings that qualify.

About Engineered Tax Services – Engineered Tax Services is a nationally-licensed engineering firm with professionally staffed engineers who marry the science of engineering with the principles of tax and accounting to arrive at financial solutions that result in increased cash flow, minimized tax payments and increased return on investment.  ETS specializes in providing a wide spectrum of engineered accounting solutions such as energy tax credits, cost segregation studies, energy audits, carbon footprint certification and insurance appraisals.

 To contact Engineered Tax Services, please call 1-800-236-6519 or email info@engineeredtaxservices.com

For Immediate Release – October 26, 2009, Palm Beach, Florida

Engineered Tax Services is pleased to announce that Mr. Joel Ackerman, CPA has joined us as our Director for the North East. Joel is a CPA and has a Masters Degree in Tax from C.W. Post.  He is active in the local CPA community, and is on the Board of Directors for the Suffolk County chapter of the NY Society of CPAs. He has over 16 years of experience as a CPA in major regional firms.

ETS is a licensed engineering firm staffed with professionals who marry the science of engineering with the principles of tax and accounting to arrive at financial solutions that result in increased cash flow, minimized tax payments and increased return on investment. These IRS-sanctioned services include Energy Tax Credits, Energy Policy Act Certifications, Energy Audits and Carbon Audits. Our attention to detail is second to none. We meticulously follow IRS guidelines and go beyond the standards required. Our procedures, processes and final work product set the benchmarks that others strive to reach.  We look forward to working with you.

For more information, you may contact info@engineeredtaxservices.com or 1800-236-6519

Learn……..

We guarantee it will be time well spent.

PLEASE RSVP TODAY BY CALLING (203) 847-4068. CALL NOW.    SEATING IS LIMITED. FREE COFFEE AND BAGELS WILL BE SERVED.

Cost Segregation Services are IRS-sanctioned techniques allowing businesses to accelerate depreciation on their facilities. In short, Cost Segregation Services and Cost Segregation Studies can substantially reduce income taxes by increasing depreciation allowances. However this process is a little more complicated than simply deciding to reallocate assets or claim a shorter depreciation period and then running the numbers yourself. According to IRS guidelines, a properly performed cost segregation study is based on a detailed engineering analysis. It requires a team of architects, engineers and accountants to be effective.

Show Me the Money

The following table details the results of a Cost Segregation Study for a company with annual income of $10M.

In this example, current year savings after a Cost Segregation Study is $800,000. This savings can be reinvested in the business or put to use in other investment activity.

So are the savings worth the effort? Well, typically 25 to 40 percent of the assets within a property can be reclassified. This allows you to recover costs over a shorter period of time, which in turn creates a substantial tax savings.

Cost segregation studies analyze Sec. 1250 based assets, which are bound to a traditional 39-year depreciation group, and reassigns specific eligible assets into Sec. 1245 property which most often enjoys a three, five or seven year depreciation. The cost segregation process, based on an engineering study and in accordance with strict IRS audit guidelines, often reduces taxable income thereby resulting in an increase in cash flow. These newly freed funds may be utilized for purposes that are more productive.

Isn’t it time you got a preliminary cost segregation feasibility study with proprietary software designed to analyze your properties and their depreciation schedule options? Call us to schedule a more in-depth discussion of this service today. Of course, there will be no fee associated with this meeting.