Most successful entrepreneurs, real estate investors, and CPAs know how to evaluate a deal to recognize its true value. Meridian’s core mission is to help our clients turn value into growth by uncovering frequently overlooked tax planning strategies to boost cash flow.
Annual Increased Cash Flow
Track Record of Success
of combined niche tax experience
Our team of licensed engineers, tax attorneys, accounting and construction professionals provides tenured experience in depreciation, valuation, research and development credits, and sustainability incentives.
Increase cash flow today by optimizing depreciation deductions on constructed, purchased, or improved real estate.
Business owners can gain cash back for developing new or improved products, software, and processes.
Get remunerated for your energy efficient construction and upgrades with local, state, and federal incentives.
Add value to client relationships, build competitive advantage, and increase billings with our suite of complementary tax services.
Work With Us And Experience the Meridian Advantage.
Reduce the tax impact of your investments today.
Retain more of your gains.
Create greater tax efficiencies in future years.
We each bear responsibility for our words, actions, and results. We strive not to meet, but to exceed expectations.
Together, we are relentless in the pursuit of excellence to support each other and deliver the best quality products and services to our clients.
Collaboration for mutual benefit with our clients and internally is fundamental to delivering enduring performance through mutual growth.
We are honest and forthright throughout all our relationships. Building trust develops a superior company.
We’re a dynamic organization that values and rewards ideas.
We foster a culture of flexibility with an emphasis on results and collaboration.
Our partnerships are based on mutual trust and sharing of fundamental values.
While the signing of the Infrastructure Investment and Jobs Act ended the Employee Retention Tax Credit for most businesses as of Sept. 30, 2021, tax payers can still claim the credit retroactively. Many employers that claimed PPP loans are still unaware of their eligibility. The employee retention credit was made significantly more available and valuable to American businesses under the Consolidated Appropriations Act. It is not too late to qualify retroactively for the credit in 2020 and 2021 up to three years after the original filing deadline.
Additionally, the Infrastructure Investment and Jobs Act removes a condition of eligibility. Recovery startups are no longer subject to the business closure or gross receipts reduction to qualify. Essentially all startups are eligible in the 4th quarter of 2021.
Building owners who engage in demolitions and renovations without considering partial dispositions of assets are making an expensive mistake.
Current property owners are entitled to go back and “catch up” on depreciation they could have deducted from the day the property was placed in service, without amending prior tax returns.
Construction tax planning extends beyond external tax solutions to improve the present value of post-tax cash flow to key stakeholders.
We are confident that Meridian’s cost segregation study conclusions will stand up to IRS scrutiny. Their successful audit experience is unmatched in the industry and their in-depth knowledge of the subject matter proved invaluable. We were impressed with the professionalism extended not only to us but to our CPAs during the process.
I was aware that a cost segregation study would likely save us tax dollars since I had them done before. I was initially impressed with Michele Pasquale and the proposal she presented us with and felt that the entire Meridian Team provided us with a very detailed and well documented report. We received a good return for our investment and we are extremely excited about the opportunities that lie ahead.
We were impressed with the team of Michelle, Eric, and Bob at Meridian Financial Solutions. There was exceptional follow-up and communication throughout the project and the final product was very professional.The detailed report was broken out by unit which allows us to dispose of any tenant improvements when the tenant vacates. We were able to re-classify 48% of the property to accelerated life and increased depreciation by 78% in Year One. We will continue to use Meridian to capitalize on tax opportunities for existing and future projects. Good job!
We met with Meridian and quickly grasped the opportunity available to our clients.Within a few months, we have several cost segregation studies underway for client properties. The results, which they document in a very comprehensive report, have been impressive. We will continue to use Meridian as a valuable resource to stay up to date on specialized tax planning opportunities for current and prospectiveclients
I was extremely impressed with the quality of the product and service I received from Meridian. The project engineer was extremely knowledgeable and helpful in educating our internal accounting and real estate development teams. We are incorporating some of their recommendations into our design/build process and accounting is paying more attention to tracking the fixed assets early on. They are true experts in the cost segregation business and we look forward to working with them on future studies!
I am writing to express what a pleasure it was to work with Meridian on two projects this past year. Your competent and experienced staff was able to identify significant tax savings for us. They are documented in comprehensive reports that our CPA is confident are more than sufficient to satisfy IRS scrutiny. I also appreciate your continuing work in conjunction with our CPAs to identify additional opportunities. Based on my experience I most confidently recommend the services of your firm to others.
We were introduced to Meridian in conjunction with our 1031 exchange associate. Together the two qualified my replacement properties based on the tax basis and expected holding period and identified a triple net lease property that was suitable for maximization of tax benefits through cost segregation. Overall the team was very attentive and went above and beyond to track down the appropriate documentation for the study, they even located the original building plans by contacting and coordinating with the original architect who constructed the property. Additionally, they met with our CPA out of state and coordinated with him to ensure the tax basis of the study correlated to the CPA’s books. Not only was my return on investment for the study about 28: 1, but the final study provided my CPA with a complete audit trail and assurance that any questions from the IRS could be easily addressed by the engineering team in the event of an audit.
Through its detailed review and analysis, Meridian’s engineering team identified an additional $43M or 30% of assets that it believes qualify for accelerated depreciation that otherwise may not have been identified or substantiated by a typical cost segregation firm that may not have the experience and qualifications that Meridian’s engineering team possesses.As a result, 93% of our project costs qualified for accelerated depreciation. The study also provided us with great fixed asset detail which will provide us with significant long-term value as we continue to improve, adjust, and expand our operations to adapt to new technologies and dynamic industries. Meridian provided an objective third party opinion allow in guesthouse the study for both book and tax purposes. Asa result of the complexity and scale of our project we benefited significantly from the integration of Meridian’s experienced engineering and specialized tax knowledge within our existing financial team, which resulted in increased value and efficiency that enabled us to secure the best use of our resources.
Meridian was responsive to questions throughout the process and was able to promptly meet our tax filing deadline. In addition, Meridian was flexible enough to make revisions to the initial report for additional costs submitted by the client, as well as project costs that were incurred over a second tax year. Our client was happy with the finished product and we will continue to recommend Meridian to our clients.
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Meridian Financial Solutions
27 N. Wacker Drive, Suite 427,
Chicago IL 60606
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