cost segregation Archives - Business RadioX ®

Pro Tax Tip – Cost Segregation Study

August 22, 2023 by Tom Sheldon

Northeast Georgia Studio

Pro Tax Tip - Cost Segregation Study

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Jacqueline Sheldon

Jacqueline Sheldon/Bottom Line Tax Solutions Pro Tax Tip

This Pro Tax Tip explains the benefits of using a cost segregation study for your rental property. Own rental properties(?)….this is may work for you!

Bottom Line Tax Solutions specializes in tax planning and tax resolution. The firm focuses on proactive tax planning and working with their clients throughout the year lower their tax liability and to help them keep more of what they make. Bottom Line Tax Solutions can assist clients who have back tax issues work out payment terms with the IRS, get penalties reduced, and in some cases settle their tax debts for less than what they owe.

A proud Community Partner of the Northeast Georgia Business RadioX studio.

John Hanning and Brian Wages, Specialty Tax Group, LLC

December 13, 2022 by John Ray

North Fulton Business Radio

John Hanning and Brian Wages, Specialty Tax Group, LLC

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John Hanning and Brian Wages, Specialty Tax Group, LLC (North Fulton Business Radio, Episode 588)

John Hanning and Brian Wages of Specialty Tax Group joined host John Ray to discuss how they help businesses secure tax credits and deductions they might not otherwise receive. John and Brian covered cost segregation as well as the R&D and green energy tax credits, businesses who are eligible, how they partner with CPA firms to work with clients, and much more.

North Fulton Business Radio is produced and broadcast by the North Fulton studio of Business RadioX® inside Renasant Bank in Alpharetta.

Specialty Tax Group, LLC

Specialty Tax Group is on a mission to help CPA firms and taxpayers by advancing the specialty tax industry through the use of technology. STG provides innovative tax planning strategies to secure tax credits and deductions with audit-ready deliverables.

They provide detailed benefit estimates prior to beginning work to ensure clients get the value they are looking for. For client conveyance, STG has the expertise to implement their delivered solutions.

STG is a nationwide specialty tax firm focused on engineered tax services.

Website | LinkedIn

John W. Hanning, Founding Principal, Specialty Tax Group, LLC

John W. Hanning is the Founding Principal of Specialty Tax Group, LLC (STG) a consulting group focused on servicing capital-intensive clients with value-added services relating to cost segregation, fixed asset reviews, repair & expense studies, 263(a) compliance, 45L, and 179D.

Prior to founding STG John worked with several large and small CPA firms helping clients to secure cost-recovery solutions. Over the past 15 years as a Fixed Assets specialist, John was responsible for fixed asset services including new client identification, proposals, and client deliverables. John has led and executed cost recovery studies on thousands of facilities including; healthcare, retail, manufacturing, commercial office, multi-family, power generation, and dealerships. He has performed inspections of machinery, equipment, buildings, and construction projects estimated construction costs using nationally recognized costing manuals, and analyzed technical specifications, construction drawings & construction invoices. John generated sales utilizing both internal and external networks. John also provided numerous continuing education presentations relating to tax incentives related to real estate.

John received his Bachelor’s in Economics Management from Ohio Wesleyan University and graduated with his MBA from Ohio University. John is a certified member of the American Society of Cost Segregation Professionals (ASCSP) and President (2019 – 2021) of the Board of Directors. He began his service to the ASCSP as an active member of the Education Committee, where he co-authored the Senior Exam Study Guide in 2012. From 2017-2019, he served as Treasurer on the Board of Directors. He also holds his LEED Green Association credential.

Affiliations: ASCSP Certified Cost Segregation Specialist: Member # C0139-10; ASCSP President (Current), ASCSP Treasurer (Past), Author for numerous national educational groups, “Big Four” industry experience, Real Estate Roundtable – Associate Council Member.

Brian Wages, Senior Manager, Specialty Tax Group, LLC

As a senior manager with Specialty Tax Group, Brian specializes in cost segregation, which in turn saves his clients money and helps them to better grow their companies. He can be found completing cost segregation studies for clients and reviewing credit and incentive deliverables. Beginning his career in 2011, Brian has worked for Deloitte Tax, McMillian & Associates, and Reliance Trust Company.

He has a focus on the Georgia retraining tax credit, Georgia jobs tax credit, Georgia quality jobs tax credit, Georgia investment tax credit, and federal work opportunity tax credit.

Brian earned his bachelor’s degree in business management from the University of Georgia. He is a member of the Institute for Professionals in Taxation (IPT), while also serving as a leader for middle school boys at Woodstock City Church.

Questions and Topics in this Interview

What is the focus of Specialty Tax Group?
What are some of the tax credits businesses need to look at?
What is cost segregation?
How it works
Avoiding risk
How do I qualify to work with STG?
What industries can take advantage of cost segregation?

North Fulton Business Radio is hosted by John Ray and broadcast and produced from the North Fulton studio of Business RadioX® inside Renasant Bank in Alpharetta. You can find the full archive of shows by following this link. The show is available on all the major podcast apps, including Apple Podcasts, Spotify, Google, Amazon, iHeart Radio, Stitcher, TuneIn, and others.

Renasant Bank has humble roots, starting in 1904 as a $100,000 bank in a Lee County, Mississippi, bakery. Since then, Renasant has grown to become one of the Southeast’s strongest financial institutions with over $13 billion in assets and more than 190 banking, lending, wealth management and financial services offices in Mississippi, Alabama, Tennessee, Georgia and Florida. All of Renasant’s success stems from each of their banker’s commitment to investing in their communities as a way of better understanding the people they serve. At Renasant Bank, they understand you because they work and live alongside you every day.

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Frazier & Deeter’s Business Beat: Tommy Zavieh, National Practice Leader, R & D Tax Credits, Frazier & Deeter

July 16, 2019 by John Ray

Business Beat

Frazier & Deeter’s Business Beat: Tommy Zavieh, National Practice Leader, R & D Tax Credits, Frazier & Deeter

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**Roger Lusby, Karina Flores, and Tommy Zavieh**

Show Summary

Only an estimated 40% of business investment eligible for allowable R&D tax credits are claimed on tax filings. Many businesses are potentially missing out, sometimes for sizeable amounts. What are R&D tax credits? To find out if your business qualifies, listen to this interview with Tommy Zavieh, National Practice Leader for R&D Tax Credits, Frazier & Deeter. “Business Beat” is brought to you by Alpharetta CPA firm Frazier & Deeter.

Thomas Zavieh, National Practice Leader, R & D Tax Credits, Frazier & Deeter

Tommy Zavieh is the National Practice Leader, R&D Tax Credits for Frazier & Deeter. Tommy started his career as an engineer. When he became a CPA, he joined a Big Four firm in their national practice. Tommy is uniquely qualified to help his clients through his engineering, US and overseas R&D tax expertise. In short, Tommy effectively communicates with both a company’s Engineering and Tax/Finance departments, breaking down the language barriers and providing the most efficient service.

Tommy has over 20 years of professional consulting experience serving clients ranging from start-ups to “Fortune 10” corporations. He has extensive experience in addressing complex business and specialty tax needs (R&D Tax Credit, Section 199 (DPAD), Meals & Entertainment (M&E), Cost Segregation) for a variety of organizations, including automotive, bio-sciences, consumer products, financial services, medical device, oil/gas, manufacturing, pharmaceutical, and technology (software and hardware). He has helped his clients receive more than $1 Billion in credits and deductions and successfully defended his client’s claim when audited.

Frazier & Deeter

The Alpharetta office of Frazier & Deeter is home to a thriving CPA tax practice and Employee Benefit Plan Services group. CPAs and advisors in the Frazier & Deeter Alpharetta office serve clients across North Georgia and around the country with services such as personal tax planning, estate planning, business tax planning, business tax compliance, state and local tax planning, financial statement reviews, financial statement audits, employee benefit plan audits, internal audit outsourcing, cyber security, data privacy, Sarbanes-Oxley (SOX) and other regulatory compliance, mergers and acquisitions, and more. Alpharetta CPA professionals serve clients ranging from business owners and executives to large corporations.

Roger Lusby, host of Frazier & Deeter’s “Business Beat,” is an Alpharetta CPA and Alpharetta Office Managing Partner for Frazier & Deeter. He is also a member of the Tax Department in charge of coordinating tax and accounting services for our clientele. His responsibilities include a review of a variety of tax returns with an emphasis in the individual, estate, and corporate areas. Client assistance is also provided in the areas of financial planning, executive compensation and stock option planning, estate and succession planning, international planning (FBAR, SFOP), health care, real estate, manufacturing, technology and service companies.