Bill Smith, Author at ELB Consulting

2021 YEAR END TAX PLANNING MAY BE MORE IMPORTANT THAN EVER

by Bill Smith | Sep 28, 2021 | Uncategorized

The Administration is planning to raise taxes, increase IRS authority, hire more agents, and do more tax return audits The $1T and $3.5T infrastructure bills are coming before Congress this week. How will all this additional spending get paid for? With more taxes. Oh...

An overview of Cost Segregation benefits & methodology

by Bill Smith | Aug 10, 2021 | Uncategorized

Real estate developers and investors who construct, acquire, or rehab/renovate commercial real estate property (residential rental or income generating commercial property) can realize significant tax savings and increased cash flow via an engineered cost segregation...

Tax Changes are Looming: Consider Tax Strategy Now

by Bill Smith | Jun 10, 2021 | Uncategorized

The time is right for tax planning and forecasting. You should be considering tax strategy now. The new Biden-Harris administration ran on a platform that included increasing taxes and making the wealthy pay their fair share. The “rich” were an easy target for them to...

Is 2021 a good year to do a cost segregation study?

by Bill Smith | May 10, 2021 | Uncategorized

Let us briefly define cost segregation first. If you are unaware, cost segregation is a tax strategy used to accelerate depreciation. Thus, reducing your tax liability and increasing your cash flow. A properly done Cost Segregation Study (CSS) will identify all...

Cost Segregation: Multifamily Case Study

by Bill Smith | Mar 12, 2021 | Uncategorized

Investors Benefit From 100% Bonus Depreciation ELB Consulting was engaged to conduct its “fully engineered and accounted” cost segregation study on this multifamily property, so the investors can benefit from 100% bonus depreciation. Without Cost Segregation Benefits...