Specialty Tax Credits & Services

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 $5.54 billion settlement is part of a long-standing class-action lawsuit against Visa and Mastercard. The lawsuit accused the credit card giants of imposing unfair fees on merchants, specifically swipe fees, which merchants have argued were excessively high and not transparent. After years of legal battles and a previous settlement that was overturned on appeal, this $5.54 billion settlement is seen as a significant resolution.

Most R&D credits claimed in the US go to larger corporations. Recent changes, however, have allowed Small to Medium Sized Businesses and even pre-revenue start-ups to access one of the country’s biggest tax incentives. With Tru Benefits Consultants behind you and a team of CPAs and Tax lawyers, it’s your turn to benefit from the innovative investments you’ve made. The incentive’s there, let’s take it.

A Section 125 plan, or cafeteria plan, lets employees choose from a menu of pre-tax benefits like health insurance and flexible spending accounts. 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 enhance benefits and for employees to save on taxes while covering essential expenses.

The Employee Retention Credit (ERC) is a tax incentive to help businesses keep employees during economic downturns like COVID-19. It offers a refundable credit against employment taxes for eligible employers who retained workers despite revenue declines or shutdowns. The credit covers a portion of qualified wages paid to employees, providing financial support and encouraging workforce retention. Exp 4/15/25

Self-employed individuals who are unable to work (including telework) due to COVID-19-related reasons may qualify for the Self-Employed Sick Leave Credit. This credit allows them to claim a refundable tax credit for up to 10 days (80 hours)of sick leave they would have been eligible for under the Families First Coronavirus Response Act, if they were an employee. The credit is intended to provide financial relief by offsetting lost income due to illness or caregiving responsibilities. Exp 4/15/25

Comply with the Corporate Transparency Act and Beneficial Ownership (BOI) requirements. Be confident you’re meeting new mandatory federal rules on time with the  Beneficial Ownership Information (BOI) report filing service.