Stay Up to Date With Real Estate Taxes | Cost Segregation Tips & News
A Time to be Grateful and Thankful!

A Time to be Grateful and Thankful!

Now is a good time to stop and reflect on our Blessings Our family here at ELB Consulting is grateful and thankful for great client relationships and the continued and repeat business it creates. Like everyone, COVID certainly created changes and challenges to our...

2021 YEAR END TAX PLANNING MAY BE MORE IMPORTANT THAN EVER

2021 YEAR END TAX PLANNING MAY BE MORE IMPORTANT THAN EVER

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

An overview of Cost Segregation benefits & methodology

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

Tax Changes are Looming: Consider Tax Strategy Now

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?

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

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

Cost Segregation: Multifamily Case Study

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...

EMPLOYEE RETENTION TAX CREDIT (ERTC)

EMPLOYEE RETENTION TAX CREDIT (ERTC)

DO WE QUALIFY? The Employee Retention Tax Credit (ERTC) as amended by the Consolidated Appropriation Act (CAA2021) offers much needed tax relief. Essentially it's phase two CARES Act. Understanding updates and amendments to legislation can be challenging. There is...

UPDATE: 179D and 45L Incentives Extended

UPDATE: 179D and 45L Incentives Extended

179D and 45L Incentives Extended: The latest coronavirus relief bill, the “Consolidated Appropriations Act, 2021” (CAA 2021), passed on December 21, 2020. It made two key changes that effect the commercial real estate industry; the 179D and 45L incentives are...

What happens to bonus depreciation in a Biden Administration?

What happens to bonus depreciation in a Biden Administration?

Many have asked; what happens to the beneficial commercial real estate tax benefits now that a non-commercial real estate guy will be President of the United States? Before answering what happens to bonus depreciation, we must first consider the overall impact of...

Font Resize