Archive for the ‘Press Releases’ Category

For Immediate Release

For more information on ETS, please contact 800-236-6519 email info@engineeredtaxservices.com or visit www.engineeredtaxservices.com

New York – Feb. 8 – Patrick Pruett’s Alliance of Professional Association held their Real Estate and Construction Advisors Association Teleconference for its internal members. The teleconference was centered on successful funding practices for contractors and provided a detailed discussion on LEED and green building design. It also addressed concerns within the CPA community and their role in the reporting requirements with contractor clients.

Joel Ackerman, Director of Business Development for Engineered Tax Services was invited as a presenter in the roundtable conference. He discussed LEED and Green Building incentives, including the benefits of LEED certification in construction and its impact on project costs, tax reporting and rebates. Mr. Ackerman described to the audience the steps necessary for LEED certification and the process to qualify for Section 179D. ETS specializes in providing a wide spectrum of engineered accounting solutions such as energy tax credits, cost segregation studies, construction audits and insurance appraisals. ETS 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 resulting in increased cash flow, minimized tax payments and increased ROI. ETS works in collaboration with clients’ CPA firm to ensure the process of obtaining your tax benefits follows legislative guidelines. For more information, please contact us at 800-236-6519 or email us at info@engineeredtaxservices.com

New York – Feb. 5 – John Cummings, Director of Business Development for Engineered Tax Services, was invited to speak at JH Cohn’s New York City office regarding the Energy Policy Act of 2005.   JH Cohn works closely with Engineered Tax Services to provide its clients with a resource for identifying and certifying tax deductions available to clients from the Act.  

Mr. Cummings’s presentation drew nearly fifty guests consisting of CPA’s from JH Cohn’s New York and New Jersey offices, clients with real estate holdings, architects and engineers involved in green design for federal, state and local governmental entities throughout the area and consultants from several green energy services companies.   The 50-minute presentation addressed the basic requirements of the EPAct, the benefits available to property owners, architects, engineers and contractors and the methodology applied by ETS.   

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. For more information, please contact 800-236-6519 or email info@engineeredtaxservices.com

Hauppauge, NY, February 02, 2010 – Engineered Tax Services proudly announces that they have been recognized by the Suffolk County Bar Association (SBA) as a go-to resource for engineering-based tax information and services. The SCBA published Joel Ackerman’s “Using EPAct to Speed Tax Payback” in their December 2009 newspaper, The Suffolk Lawyer, which reached thousands of attorneys on Long Island.  

The published article is printed below in its entirety:

“Using EPAct to Speed Tax Payback”

The Energy Policy Act of 2005 (EPAct) is a complicated government method that encourages integrators to make US buildings more energy-efficient. Less than 1 percent of eligible buildings owners or leaseholders have taken advantage of this multi-billion dollar benefit.

The US government does a lot of good things to encourage more efficient building; unfortunately the process is cumbersome and requires third-party engineering certification. This comprehensive tax legislation is where we find the $1.80 per square foot tax benefit we all talk about and we’ll attempt to clarify the process and increase the awareness of this very important benefit. The elusive $1.80 that EPAct holds can be broken down into three categories: Lighting, HVAC and Building Envelope. Each is worth $0.60/SF in tax benefits. The EPAct relies on the ASHRAE 90.1-2001 specification as a baseline to calculate savings percentages. To qualify for the full $1.80, the building must be 50 percent more efficient than this 2001 standard. To qualify for the partial incentive, the savings must be 16 ²/₃ percent better than 90.1-2001 in the respective categories.

Lighting

Lighting consumes approximately 40% of the energy in commercial buildings; the goal is to rein in this energy hog. By using a $0.60 per SF tax benefit, EPAct encourages the use of more efficient fixtures and controls. In order to qualify for the lighting portion of the available deductions, lighting energy consumption must beat the ASHRAE 90.1-200 1 specifications for efficiency by 16 ²/₃%. If the building is undergoing a lighting retrofit or adding controls, it is worth investigating whether or not this new system will qualify for the $0.60 lighting deduction. In majority of cases the lighting savings level is achieved and can be introduced to your ROI calculations – win-win.

HVAC

HVAC is the second largest energy consumer in commercial buildings and can be very tricky to retrofit without major renovation and disruption to the space. The addition of new controls has the ability to bring the system energy consumption down by 16 213 percent in order to achieve the second tax benefit of $0.60/SF. This total of $1.20/SF could be included in the ROI calculations for your building owner. In a 100,000 SF building, this could be as high as $120,000 in tax benefits. Unlike tax credits, deductions don’t translate dollar for dollar; rather they are calculated as part of your tax return. The numbers add up fast and can make the purchase decision for your building owner easier.

Architects and designers

The benefits get even better for the architect and specifying segment of the market. The Government doesn’t pay tax, so what happens when the tens of thousands of schools, federal and state buildings are upgraded? Prior to 2008 this tax benefit was simply lost, or wasted. The government quickly realized that in order to encourage architects and designers to implement energy efficiency in federal buildings they had to provide encouragement. The EPAct was amended to run until 2013 and included a provision that for all public, government or non-profit buildings the EPAct tax benefit would go back to the designer of the specifications which could be the architect, designer or lighting contractor. This has resulted in approximately $25Mper month in tax benefits being discovered by one engineering/tax firm alone. As with many Federal grants and subsidies this EPACT deduction is out there to reward taxpayers for their efforts in saving energy. What better reward than with cash in the pocket from tax savings.

Want to be a hero to your clients? Did your client construct or renovate their lighting, HVAC, or building envelope to their commercial building? Discuss EPACT — you could save the client thousands of tax dollars.

Joel E. Ackerman, CPA is Director of Business Development for the Northeast for Engineered Tax Services, Inc. He earned a Masters degree in Tax from C.W. Post – Long Island University and a Bachelor of Science degree from Syracuse University. With over 16 years of experience in public accounting, Joel specializes in engineering-based real estate tax products such as cost segregation studies and energy efficiency studies.  He is active in the local CPA community and serves on the Board of Directors for the Suffolk County chapter of the New York Society of Certified Public Accountants. He is currently planning a series of seminars for the Suffolk and Nassau County Bar Associations on the benefits and technical aspects of real estate related tax and engineering opportunities.

ABOUT ENGINEERED TAX SERVICES

ETS has provided thousands of energy tax certifications since 2005. Handling over 50 certifications every month, they have perfected the process by working closely with the Internal Revenue Service on a regular basis. Their precise documentation meets and exceeds the standards required by the Department of Energy and the IRS and has consistently withstood the toughest scrutiny.  ETS is a member of the U.S. Green Building Council (USGBC). With the most innovative and highest-quality LEED and green building knowledge and training, the approved USGBC educational courses helps green building professionals across all market sectors build the capacity to build their careers.

Engineered Tax Services (ETS) 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 engineering professionals have over 100 years of combined experience in energy modeling. The ETS team consists of multi-disciplinary professionals including Professional Engineers (PE), LEED Accredited Professionals (AP), Certified Public Accountants (CPA) and architectural professionals. 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.

CONTACT:
Joel Ackerman

Engineered Tax Services

Toll Free: 1.800.236.6519

Northeast Office: 631-870-3920

email: jackerman@engineeredtaxservices.com

website: www.engineeredtaxservices.com

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West Palm Beach, FL, February 02, 2010 – Engineered Tax Services, a nationally licensed engineering firm that marries the science of engineering with the principles of tax and accounting, announced today that Julio P. Gonzalez, CEO, will be presenting at the MiaGreen Expo & Conference on February 25 & 26. The presentation, “Government Programs and Tax Rebates for Energy Efficient Buildings” will cover what the tax benefits of the extended incentives originating with the Energy Policy Act of 2005 are, who they affect, and how to go about achieving and applying for them and maximizing their benefits.

“The most often overlooked benefits relative to the Energy Policy Act extension are the tax benefits construed for commercial building owners,” explained Mr. Gonzalez. “The Energy Policy Act of 2005 includes a tax deduction for investments in energy-efficient commercial building property designed to significantly reduce the heating, cooling, water heating, and interior lighting energy costs. It is important that people understand what opportunities lie within green building practices.”

Handling over 50 certifications every month, Engineered Tax Services has perfected the energy certification process by working closely with the Internal Revenue Service on a regular basis. Through precise documentation required by the Department of Energy and the IRS, Engineered Tax Services has helped thousands of clients benefit from “going green”.  Mr. Gonzalez explains that the most ideal candidates for EPAct deductions include:

•          New Construction – Schools, Office, Retail, Hospitality, Industrial, Multi-Family, Single-Family

•          Retrofits – Energy Performance Contracting, CRA Redevelopment

•          Green Buildings

•          LEED Certified Buildings

CASE STUDY:

·         Location: Brooklyn, NY 

·         Project Area: 346,638 SF  

·         Qualified for $0.60 per sq. ft.                                                     

·         179D Energy Tax Benefit:  $207,983

·         Cost Segregation Study Five Year Cash Benefit:  $16,975,757

·         TOTAL BENEFIT TO CLIENT:  $17,183,740 million

JULIO P. GONZALEZ is the Founder and CEO of Engineered Tax Services, Inc.  He is supported by a staff of dedicated professionals with expertise in engineering, architecture and accounting.  Julio is a pioneer is the tax energy field and devoted to the conservation of resources. He generously donates his time to the U.S. Green Building Council.  Julio is committed to educating the accounting, financial advisor and real estate investor communities on engineered accounting services and the related tax benefits of these services. He is a regular public speaker on a national level regarding cost segregation studies, green construction and the emerging energy tax programs. Julio has had several articles published nationally in many accounting and real estate investment publications. Julio has worked on automating the IRS-approved software programs to help accounting professionals understand and better educate their own clients on the significance of energy efficient buildings and how substantial the tax benefits can be to the investor in addition to the Earth’s resources. Julio is also on the Board of Directors for the National Park Trust Foundation, to which he devotes his time and energy to conserving National Park resources.

ABOUT ENGINEERED TAX SERVICES

ETS is a member of the U.S. Green Building Council (USGBC). With the most innovative and highest-quality LEED and green building knowledge and training, the approved USGBC educational courses helps green building professionals across all market sectors build the capacity to build their careers.

Engineered Tax Services (ETS) 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 engineering professionals have over 100 years of combined experience in energy modeling. The ETS team consists of multi-disciplinary professionals including Professional Engineers (PE), LEED Accredited Professionals (AP), Certified Public Accountants (CPA) and architectural professionals. 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.

CONTACT:
Julio Gonzalez

Engineered Tax Services

Office: 1.800.236.6519

email: jgonzalez@engineeredtaxservices.com

website: www.engineeredtaxservices.com

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West Palm Beach, FL, January 28, 2010 – Engineered Tax Services, a nationally licensed engineering firm that marries the science of engineering with the principles of tax and accounting, announced today that their course, “Energy Tax Credits for Architects”, has been approved by the U.S. Green Building Council to be part of the Council’s national course catalog. The firm’s Chief Executive Officer, Julio P. Gonzalez, developed the course to help architects take advantage of energy tax credits, incentives and deductions. A webinar program is currently being scheduled and will be announced shortly. Engineered Tax Services (ETS) offers a similar online and in-house course designed specifically for accountants and is also registered as an education provider through the National Association of State Boards of Accountancy (NASBA).

“The Energy Policy Act offers tremendous opportunities to architects and they need to be aware of the significant tax benefits available to them through their professional trade,” stated Mr. Gonzalez.  “We are committed to green practices and partner with architects nationally to provide independent, third-party certification as required by the IRS to help them take advantage of these tax incentives and deductions.”

ENERGY TAX CREDITS

Architects are eligible for a Federal tax benefit of up to $1.80 per square foot for the design of energy-efficient public buildings placed into service after January 1, 2006. Benefits originally awarded to architects through the Energy Policy Act of 2005 (EPACT) have been extended by the federal government through December 31, 2013 with the support of the American Institute of Architects.

ETS has provided thousands of energy tax certifications since 2005. Handling over 50 certifications every month, they have perfected the process by working closely with the Internal Revenue Service on a regular basis. Their precise documentation meets and exceeds the standards required by the Department of Energy and the IRS and has consistently withstood the toughest scrutiny.  ETS is a member of the U.S. Green Building Council (USGBC). With the most innovative and highest-quality LEED and green building knowledge and training, the approved USGBC educational courses helps green building professionals across all market sectors build the capacity to build their careers.

ABOUT THE U.S. GREEN BUILDING COUNCIL

The U.S. Green Building Council (USGBC) is a Washington, D.C.-based 501(c)(3) nonprofit organization committed to a prosperous and sustainable future for our nation through cost-efficient and energy-saving green buildings. USGBC works toward its mission of market transformation through its LEED green building certification program, robust educational offerings, a nationwide network of chapters and affiliates, the annual Greenbuild International Conference & Expo, and advocacy in support of public policy that encourages and enables green buildings and communities.

ABOUT ENGINEERED TAX SERVICES

Engineered Tax Services (ETS) 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 engineering professionals have over 100 years of combined experience in energy modeling. The ETS team consists of multi-disciplinary professionals including Professional Engineers (PE), LEED Accredited Professionals (AP), Certified Public Accountants (CPA) and architectural professionals. 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.

CONTACT:
Julio Gonzalez

Engineered Tax Services

Office: 1.800.236.6519

Cell: 561.358.7858

email: jgonzalez@engineeredtaxservices.com

website: www.engineeredtaxservices.com

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