(410) 878-2553 - Contact us! Cost Reduction Strategies, Cost Savings Initiatives, Tax Savings!
Check Back periodically for NEW events. We are committed to educating our referral partners
Our job is to provide “Executive Sleep” for CPA's and business owners.
We stand behind our work even to the point of working with the authorities in the event there is a question. In more than 20,000 studies we have undertaken, we have never had to exercise our E&O insurance! We’ve “got your back” when it comes to substantiating the numbers behind our work.
In 2014, the most comprehensive change to the tax code in decades was released. These NEW Tangible Property Regulations (TPRs) are all encompassing and daunting. Our cost segregation specialists have worked with hundreds of tax professionals to save clients millions of dollars and comply with these NEW regulations. We have a turn-key approach to help CPAs identify clients, manage the workloads and implement the solutions so your clients reap the maximum tax savings allowed by the new regulations. We are the "calculation experts" who valuate and define building systems and “Units of Property.” We take out the guesswork and provide the framework upon which future “expense vs capitalization” decisions can be determined.
More details about Cost Segregation and the TPRs can be found here: https://jlotz.costsegregationservices.com
CPA Educational Sessions
We offer national CPE programs in various parts of the country. Contact me to arrange a Lunch & Learn at your office, or to attend any one of our nationwide webinars.
ANOTHER OPPORTUNITY FOR TAX DEFERRAL
If you serve service organizations, like construction companies, HVAC companies, attorneys, electrical contractors and other service provider companies, there may be an unprecedented opportunity for the “right” company to DEFER TAXES. A brief exploratory call will let us know if your client might qualify for this significant TAX DEFERRAL. If the firm meets the eligibility requirements, our partner Eric Wallace (please see the attached) work with you, your client and the IRS to implement a tax method change to create the deferral.
Among other qualifiers, companies/organizations will have revenues over $26MM and must be profitable.
Eric is NOT in the business of competing with CPAs. Many of the most prestigious CPA firms in the country enlist Eric’s help to provide a one of a kind consultation for their largest clients. Eric takes a deep dive into how service organizations can modify the way they recognize revenue, which creates the deferral.
Code section 460 allows cost plus contracts to be put on the cash method. Eric has petitioned Congress and the IRS to include time and materials, short term contracts, unit pricing, as well as service work. The IRS has agreed to look at each case on a one off basis. If the facts and circumstances, as well as the application meet the requirements, the Service will approve the change. This is called a private letter ruling. Once the client has the ruling there is zero chance of audit. Eric then calculates the -481A adjustment that delivers the tax deferral.
A short five minute call is how we determine if your client meets the requirements. I welcome the opportunity to see how we might help.