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At Walter O’Connell Tax Services LLC, we offer a range of valuable services for businesses. Our personal property specialists provide accurate valuations for machinery and equipment, including opinions on current and residual value. We conduct Cost Segregation Studies to accelerate depreciation and increase tax deductions for commercial real estate purchases. We specialize in maximizing tax savings through the R&D Tax Credit and help businesses take advantage of the Section 179D energy efficiency tax deduction. Additionally, we provide comprehensive real estate services and perform thorough valuation analyses for financial and tax reporting purposes.
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Benefit Analysis for Cost SegregationMaximize Your Tax Benefits and Asset Management With Our Valuation and Cost Segregation Services
Cost Segregation Studies
- New Construction Cost Segregation Studies
- Acquired Property Cost Seg. Studies
- Owner/Landlord Cost Segregation Studies
- Tenant Improvement Cost Seg. Studies
- Repair Regulation Compliance Studies
- Fixed Asset Record Maintenance Studies
- Insurable Replacement Cost New Studies
- Interior Improvement Studies
- Site / Exterior Improvement Studies
- Real Property Retirement Studies
A Cost Segregation Study is an engineer-based study of all of the individual assets purchased in a commercial real estate transaction. This allows the taxpayer to use an accelerated depreciation schedule resulting in higher tax deductions in the early years of the purchase of a property — keeping more dollars in the business.
Machinery & Equipment Valuation
- Machinery & Equipment Valuations
- Furniture & Fixture Valuations
- Fixed Asset Record Maintenance
- Tax Planning & Reporting
- Litigation Support
- Asset Retirement
- Insurance Studies
- Finance Studies
- ASC 805 Business Combinations
- ‘Purchase Price Allocation’
Machinery, equipment and other personal property are tangible assets that will affect a company’s value. Our personal property specialists can value standard or special-purpose equipment on any of various premises and produce opinions of both current and residual value. In addition to valuations, we can supply opinions of useful life or economic life for assets in lease transactions.
Research & Development Tax Credits
- New Construction Cost Segregation Studies
- Acquired Property Cost Seg. Studies
- Owner/Landlord Cost Segregation Studies
- Tenant Improvement Cost Seg. Studies
- Repair Regulation Compliance Studies
- Fixed Asset Record Maintenance Studies
- Insurable Replacement Cost New Studies
- Interior Improvement Studies
- Site / Exterior Improvement Studies
- Real Property Retirement Studies
The Research and Development (R&D) Tax Credit remains one of the best opportunities for businesses to substantially reduce their tax liability. For what amounts to their daily activities, companies from a wide-range of industries can qualify for federal and state tax savings high enough to allow companies to hire new employees, invest in new products and service lines, and grow their operations.
Section 179D Commercial Buildings Energy Efficiency Tax Deduction
- New Construction Cost Segregation Studies
- Acquired Property Cost Seg. Studies
- Owner/Landlord Cost Segregation Studies
- Tenant Improvement Cost Seg. Studies
- Repair Regulation Compliance Studies
- Fixed Asset Record Maintenance Studies
- Insurable Replacement Cost New Studies
- Interior Improvement Studies
- Site / Exterior Improvement Studies
- Real Property Retirement Studies
Section 179D commercial buildings energy efficiency tax deduction encourages companies to “go green” to save money on their utility bills and tax returns. Commercial building owners can take up to $1.80 per square foot deduction if they install property that results in energy and power cost reductions. These installations must be part of the building’s heating, ventilation, cooling, hot water systems, interior lighting systems, or building envelope.
Commercial Real Property
- Pre & Post Purchase Valuations.
- Strategic Planning
- Buy & Sell Agreements
- Fairness Opinions
- Business Planning
- Finance Studies
- Insurance Studies
- Ad Valorem Tax Studies
- ASC 805 Business Combinations
- ‘Purchase Price Allocation’
We understand the challenges of acquiring, operating, maintaining, leasing and selling commercial real estate. Real estate service providers have a leading role at every point in this process. Our team rises above all others, ensuring maximum building values and best in class workplaces for tenants from acquisition through disposition.
Business Valuation
- New Construction Cost Segregation Studies
- Acquired Property Cost Seg. Studies
- Owner/Landlord Cost Segregation Studies
- Tenant Improvement Cost Seg. Studies
- Repair Regulation Compliance Studies
- Fixed Asset Record Maintenance Studies
- Insurable Replacement Cost New Studies
- Interior Improvement Studies
- Site / Exterior Improvement Studies
- Real Property Retirement Studies
Increasingly strict regulations now require companies to perform thorough and objective valuation analyses for a variety of financial and tax reporting purposes. Valuation and Business Analytics professionals draw on a unique depth of experience across client sizes and industries. Backed by a vast array of both national and international resources, we’re able to scale and tailor our services to fit the unique needs of each individual client.
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