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.
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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