The Game is Won in the Fourth Quarter - What Does Your Tax Planning Playbook Look Like?
In football the fourth quarter stands as the pivotal moment where teams strive for victory through strategic decisions and precise plays. This parallels the closing stretch of the fiscal year for property investors, similar to a 2-minute drill in football. Just as a team coordinates movements and decisions under pressure, investors need to navigate year-end tax planning. The strategy of choice is cost segregation with BONUS DEPRECIATION.
Picture a tight football game with time running out. The offensive team faces a 2-minute drill, aiming to advance down the field for a winning touchdown. Coordination, quick decisions, and seizing opportunities are crucial....
As a CPA I knew I needed to obtain a cost segregation report to be able to take advantage of significant tax savings that such a report provides. I reached out to Cost Seg America based on my familiarity with their work through clients having used them. I was very pleased with the professionalism of the firm. They obtained the necessary architectural drawings from me, visited the site in person, provided a comprehensive depreciation schedule and answered all my questions. If only every experience with other professionals was this way!
John C, CPA
Meet Our Team - Sam Eskinder,CSA Representative
Sam has been with ELB Consulting for over two and a half years. He specializes in forming relationships with Real Estate Firms and CPAs, working with to supply their clients first year-tax benefits. Sam is a Senior at Penn State University majoring in Energy Business and Finance, minoring in Entrepreneurship. Sam enjoys attending networking events for the Smeal College of Business, playing club tennis and hiking the trails of the State College Area.
Sam has been with ELB Consulting for over two and a half years. He specializes in forming relationships with Real Estate Firms and CPAs, working with to supply their clients first year-tax benefits. Sam is a Senior at Penn State University majoring in Energy Business and Finance, minoring in Entrepreneurship. Sam enjoys attending networking events for the Smeal College of Business, playing club tennis and hiking the trails of the State College Area.
Did your business stay open and retain W2 employees during the Covid-19 pandemic? If so, you may be eligible to claim Employee Retention Credits from the IRS. A business can receive up to $26,000 per employee ($12,000-$16,000 is the average).
It only takes a brief 15-minute call to see if you and your business qualify. Contact us today to arrange a no-obligation review on 888-865-4401.
"The information contained this newsletter is meant for guidance purposes only and does not in any way constitute legal or tax advice. Readers should seek advice from their CPA or Accountant in relation to information contained in these articles."