What is Cost Segregation?
Cost Segregation is an in-depth analysis of specialized incentive for Commercial property owners that produces additional cash flow for business and commercial property owners.
What companies can benefit from a Cost Segregation Study?
You qualify if you are a business owner with employees, you lease or own commercial property, property owners of five or more units and any business that paid payroll or business taxes.
What is considered a commercial building?
A commercial property is any building with five (5) or more units. This includes apartment buildings and multiple single-family housing developments.
How much can I get in refunds?
The average refund is $75,000 per $1 million in purchase price. To get your refund estimated amount and start the process go to this tax credit website: www.freecash4your biz.com.
What is an R & D Study?
The R&D Study tax credit is an in depth analysis of specialized incentives for U.S. based manufacturing firms. This credit produces cash flow for the current year and the three prior years.
Who can benefit from an R&D (Research and Development) Study?
Companies that have paid taxes and are performing qualified activities with a total U.S. payroll over $500k in the following industries qualify; Aerospace, Agriculture, Apparel & Textiles, Chemical, Civil Engineering, Consumer goods, Construction, Electrical Engineering, Foundries, Furniture Mfg., Job Shops, Mechanical, Oil & Gas, Product Development, Semiconductor, software and Communications.
What is the Average Refund?
The average is $20,000 to $40,000 per year for every $100,000 in payroll. You may be eligible for 3 prior tax years and plus the current year.
Can I get Cost Segregation and R&D study tax credits on the same business?
Yes, depending upon your business, you may qualify for both Cost Segregation and R&D tax credits.
What is ERC?
ERC includes COVID ERC and Disaster ERC that are an employee retention credits created by the CARES Act of 2020 (then revised in 2021) for employers who were closed, partially or fully and experienced significant loss in revenue due to COVID 19.
Who benefits?
You benefit if you are a private business including non-profits carrying on a trade or business in 2020 and 2021 that had operations partially or fully suspended as a result of orders from a governmental authority due to COVID 19 or experienced a decline in gross receipts by more than 50% compared to 2019. You benefit if you kept your employees on payroll from March 2020 through September 2021 and paid payroll taxes. You will be able to go back to 2020 and recapture these refunds.
What is WOTC?
WOTC is a federal tax credit created by the Small Business Job Protection Act of 1996 and the Welfare-to-Work Tax Credit of 1996. This credit is available to employers who hire and retain from target groups.
Who will benefit from this tax credit?
Regardless of any Individual Candidate or Employee, virtually all employers in these Industries:
Manufacturers/Software Companies,
Producers of Products,
Architectural / Engineering / Design Groups;
Pharmaceutical Companies and Startup Companies
will qualify for Employer Based Tax Incentives.
Is there a minimum and maximum number of employees needed to get this tax credit?
A business with 1 or more W-2 employees on which payroll taxes were paid will qualify. There is no limit on the number of individuals an employer can hire to qualify to claim the tax credit, and there are a few simple steps to follow. To apply for WOTC and get your refund estimate go to: www.freecash4yourbiz.com.
Do I have to pay it back?
Tax credits do not have to be paid back. You already paid the government, when you paid the quarterly tax payments. This is a refund, not a loan.
What are the Benefits?
The Tax credits will offset your payroll taxes, increase your cash flow and reduce your taxable income for future years.
Where will the refund come from?
The refund will come from the I.R.S.
I don’t own the building my business is in. Do I qualify for tax credits?
You may still qualify to tax credits and or a refund if you had or have employees and have performed renovations to a leased commercial space. Go to: www.freecash4yourbiz.com to see your refund estimate, or click the ‘Book Now” link to schedule a complimentary consultation.