Services

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Cost segregation is a tax strategy used to accelerate depreciation on commercial and investment properties. It involves identifying and reclassifying certain components of a property's construction or acquisition costs from real property (depreciated over 27.5 or 39 years) to personal property or land improvements (depreciated over 5, 7, or 15 years). By accelerating depreciation, property owners can reduce taxable income in the earlier years of ownership, leading to immediate tax savings.

The Research & Development (R&D) Tax Credit is a powerful federal incentive designed to reward businesses for investing in innovation. Whether you’re developing new products, improving processes, enhancing software, or creating more efficient systems, your company may qualify for valuable tax savings. It can also significantly reduce your tax bill, boost cash flow, and fuel growth. Many companies qualify without realizing it—don’t miss out on these savings.

A Section 125 plan, lets employees choose from a menu of pre-tax benefits like health and life insurance. It lowers employees' taxable income, increases take-home pay, and reduces employer payroll taxes. Compliance with IRS rules is essential for maintaining tax advantages. It's a flexible and tax-efficient way for employers to save on payroll taxes while also enhances benefits and for employees to save on taxes while covering essential expenses.

Discover Financial Services has agreed to a $1.2 billion settlement to resolve class-action lawsuits overcharging merchants by misclassifying certain credit card accounts. This misclassification led to merchants paying higher fees. The settlement will compensate affected merchants and resolve a compliance issue ahead of Discover's merger with Capital One.