Client spends $3M on structural renovations. Additional Year 1 deductions of $450K-$1.2M.
Allows taxpayers who have constructed, purchased, or improved real estate to accelerate depreciation deductions by reclassifying building components into shorter tax lives.
Increase cash flow by roughly 5% – 8% of the total building cost.
If client qualifies for 100% bonus depreciation, there is an increase of Cash Flow by Roughly 6% To 14% Percent Of Building Cost in Year One.
Federal and state tax credit designed to reward companies for innovation
Any company that has spent time developing new, improved and more reliable products, software, processes and formulas
The credit is worth 6% to 15% more than most businesses realize. Experts are needed to maximize the benefit beyond the basic deduction.
$985,000 in R&D Tax Credits Annual Revenue: $11.5 million
Offset $250,000 of their federal payroll tax liability using R&D credits.
$195,000 in R&D Tax Credits Annual Revenue: $8.5 million
This deduction is for building owners with a cost basis in the construction of energy efficient building construction or improvements including renovations to the lighting or HVAC systems.
Available to commercial building owner and for Architects, Engineers, and Design/Build Contractors that work on Public or Government Buildings
$.30 to $1.80 per square foot in Federal Tax Deductions.
Federal credit for developers of Apartments, Condos, that meet certain energy efficiency standards. Units must be certified by a qualified professional to be eligible.
Anyone that has built Apartments, Condos, or Production Home Developments in the last 4 years. Generally, more than 20 units.
$2,000 Federal Credit per apartment/ home unit.
Credit is realized when unit is first leased or sold, not placed in service.
unit apartment/condo in Florida
of Federal Tax Credits
Apartments in Chicago Suburbs
Federal Tax Credits
Assign value to “structural” components removed from a building and write off the remaining basis
Additional Year 1 deductions of 20%-35% of renovation costs
Client spends $3M on structural renovations. Additional Year 1 deductions of $450K-$1.2M.
Complete review of company’s entire Fixed Asset listing & supporting documents to assign appropriate tax lives, identify retirements, and correct items that should be expensed. Includes Cost Segregation & Dispositions analysis.
Retail, Restaurant, Bank and Hotel Chains of 10 or more Manufacturing Operations with large fixed asset schedules $35M in real property or more than 400 lines in fixed assets
Net Present Value of 5-8% of total building- related costs.
Manufacturing client has $60M of 39- year fixed assets. NPV Cash value = $3M - $4.8M
Your strategic alliance with Meridian will ensure an added benefit to all your clients allowing the opportunity to find additional deductions, and credits that increase your tax payers bottom line.
Knowledge you can trust. Results you can measure.
Meridian Financial Solutions
27 N. Wacker Drive, Suite 427,
Chicago IL 60606
Copyright 2019-2022, Meridian Financial Solutions, LLC. All Rights Reserved | Privacy Policy | Disclaimer