CPE
LIFO Accounting
How To Increase Tax Savings Through Inventory Strategies
With inflation and rising inventory costs, LIFO can help your clients lower ending inventory value, increase current year COGS and reduce taxable income. LIFO is the single biggest tax reduction idea related to inventory. Using a regulation-driven LIFO method such as IPIC, which ties inventory inflation to external indices, businesses can maximize the available tax deduction when implementing LIFO or converting from an existing internal LIFO method. This session provides a big picture overview of LIFO accounting and will educate your staff on the benefits provided to your clients.
§179D Energy-Efficient Commercial Building Tax Deduction
Tax Deduction for Energy Efficient Commercial Buildings
Many cities are mandating Green Building laws and your clients may be eligible for a tax deduction of up to $1.80 per square foot for improving the energy efficiency of existing commercial buildings or designing high efficiency into new buildings. Per IRS standards, we are qualified Green Building §179D Certifiers. The Energy Policy Act of 2005 added section 179D to the Internal Revenue Code and is important for your building owner clients. Section 179D permits an immediate deduction for the costs of installing certain energy efficient building systems in commercial buildings. In this CPE course, we present information regarding Green Building Tax Deductions, certification, analysis and how this service can benefit your clients.
Cost Segregation
How To Reduce Your Clients Tax Liability Through Cost Segregation Studies
The benefits of a cost segregation study include an immediate increase in cash flow, a reduction in current tax liability, the deferral of taxes, and the ability to reclaim “missed” depreciation deductions from prior years without having to amend tax returns. If your clients have built, purchased or renovated a building in the past 10-20 years, we can help maximize their income tax deductions through our in-depth engineering-based cost segregation studies. If your clients own or lease a facility, the depreciation deduction is one of the most significant, but often overlooked opportunities to reduce their income tax liability. Whether your clients are buying, building or improving a building, this presentation will help you maximize your client’s income tax deductions.
R&D Tax Credit
Research & Development Tax Credits Can Produce Significant Client Benefits
The R&D tax credit is one of the most substantial tax credits available to businesses – and not just manufacturers. If your clients are involved in developing new products/processes, improving existing products, creating more reliable products, developing prototypes, design tools/jigs/molds/dies, apply for patents, testing new concepts, investment in manufacturing process activity, developing new technology or employ outside consultants and/or contractors to do any of these activities, they may qualify for R&D Tax Credits. In this informative presentation you will learn how you can assist your clients in producing a significant tax credit through an R&D tax credit study, what industries qualify, and what to look for in an R&D consulting study.
