Hotel Saves Over $1.2 Million in Taxes Through Cost Segregation

A Yorba Linda, California hotel that was part of a large, national brand had recently undergone a major renovation. With improvement costs totaling approximately $5.7 million, the hotel was seeking opportunities to reduce its tax burden. After consulting Capital Review Group to identify overlooked tax incentives, our team determined that the hotel was eligible for [...]

By |2020-09-01T23:46:39-07:00September 1st, 2020|Case Studies, Commercial Buildings, Cost Segregation|Comments Off on Hotel Saves Over $1.2 Million in Taxes Through Cost Segregation

Engineering Firm Receives §179D Deduction of $1.80 Per Square Foot

A structural engineering firm was hired by the State of Washington to design three new schools, which totaled an estimated 281,558 square feet. The designs incorporated several energy efficiency measures in the lighting systems, HVAC systems, and the building envelope. These measures exceeded ASHRAE Standard 90.1-2007, indicating that the buildings met the latest widely accepted [...]

By |2020-09-01T23:15:48-07:00September 1st, 2020|179D, Architects and Engineers, Case Studies|Comments Off on Engineering Firm Receives §179D Deduction of $1.80 Per Square Foot

Architecture Firm Receives §179D Tax Deduction of Over $160,000

An architecture firm in Connecticut was hired by a government entity to design an 89,693 square-foot elementary school. The design, which was completed in 2020, included several energy efficiency measures in the school’s lighting, HVAC systems, and the building envelope. These measures were found to exceed the standards of ASHRAE 90.1-2007 by over 50 percent, [...]

By |2020-07-24T01:53:41-07:00July 24th, 2020|179D, Architects and Engineers, Sustainability|Comments Off on Architecture Firm Receives §179D Tax Deduction of Over $160,000

What Architects and Engineers Should Know about the Research and Development (R&D) Tax Credit

From designing sustainable buildings to developing plans that incorporate more cost-efficient materials or construction methods, architects and engineers often pursue innovative new techniques in their day-to-day work. However, many architecture and engineering firms miss out on the opportunity to significantly reduce their tax burdens with a commonly overlooked incentive: the Research and Development (R&D) Tax [...]

By |2020-07-02T07:45:50-07:00July 2nd, 2020|Architects and Engineers, R&D Tax Credit|Comments Off on What Architects and Engineers Should Know about the Research and Development (R&D) Tax Credit

What Businesses and Commercial Building Owners Should Know About the CARES Act

As the COVID-19 pandemic has forced countless businesses across the country to curtail operations, the U.S. government recently passed a massive stimulus package designed to minimize economic devastation: the Coronavirus Aid, Relief and Economic Security (CARES) Act. This $2 trillion measure offers both direct financial aid and various forms of tax relief in order to [...]

By |2020-05-15T11:32:36-07:00May 15th, 2020|Uncategorized|Comments Off on What Businesses and Commercial Building Owners Should Know About the CARES Act

Introducing Capital Review Group: A Powerful Ally in Maximizing Financial Benefit for Your Business Clients

As a CPA, helping your clients achieve their financial goals through strategic application of the tax code is an integral part of your mission. However, with frequent changes to state and federal tax law—as well as numerous tax code provisions that are often overlooked or misunderstood—it can be difficult to cut through the confusion and [...]

By |2020-04-17T01:32:19-07:00April 17th, 2020|CPAs|Comments Off on Introducing Capital Review Group: A Powerful Ally in Maximizing Financial Benefit for Your Business Clients

Tax Code Offers Relief for Businesses Facing Financial Distress Due to the Coronavirus Pandemic

Over the course of a few short months, the novel coronavirus (COVID-19) has rapidly spread around the world, infecting hundreds of thousands of people and wreaking havoc on the global economy. In an effort to remain solvent, businesses in nearly every industry are faced with devastating decisions, from laying off employees to halting operations—at least [...]

By |2020-03-24T12:09:12-07:00March 24th, 2020|Uncategorized|Comments Off on Tax Code Offers Relief for Businesses Facing Financial Distress Due to the Coronavirus Pandemic

Update: Section 179D Deduction Extended Through 2020

Commercial building owners and designers received a lucrative gift this holiday season. On December 20, 2019, President Trump signed into law the Further Consolidated Appropriations Act, 2020, a $1.4 trillion spending package that renewed various tax extenders, including the §179D deduction for energy-efficient commercial buildings. The §179D deduction—which offers tax savings of up to $1.80 [...]

By |2020-05-15T11:35:31-07:00December 30th, 2019|Uncategorized|Comments Off on Update: Section 179D Deduction Extended Through 2020

Frequently Asked Questions (FAQs) about Cost Segregation

For commercial building owners, the federal tax code offers several strategies to help offset the many costs associated with owning and maintaining a commercial property. One of these strategies is Cost Segregation, which allows building owners to reduce their tax burdens and boost cash flow through accelerated depreciation deductions. Wondering if you are eligible for [...]

By |2019-12-04T08:10:18-07:00December 4th, 2019|Bonus Depreciation, Commercial Buildings, Cost Segregation, Tax Cuts and Jobs Act, Tax Reform|Comments Off on Frequently Asked Questions (FAQs) about Cost Segregation

Enhancing Opportunity Zone Tax Savings with Cost Segregation

For businesses and individuals alike, the enactment of the Tax Cuts and Jobs Act (TCJA) in 2017 created and expanded numerous tax savings opportunities. One new feature of the TCJA is the Opportunity Zones program, which was designed to attract investment and promote job creation in economically distressed communities. While stimulating growth in these communities, [...]

By |2019-10-28T06:59:35-07:00October 28th, 2019|Bonus Depreciation, Cost Segregation, Opportunity Zones, Tax Reform|Comments Off on Enhancing Opportunity Zone Tax Savings with Cost Segregation