Passing of Time
It has been a while since our last edition of The Bottom Line and I promised my staff that I would prepare this edition before I headed out for some over-due time off. I am sure all our CPA clients can relate with that! For most of this year, we have been dealing with...
Cash Flow from R&D Tax Credits
By Max Vignola, CCSP - Director of Tax and R&D Services Key Takeaways Your research and development (R&D) activities can be a substantial source of tax savings and improved cash flow during these challenging times. Companies in a wide range of activities can...
Coronavirus Aid, Relief and Economic Security Act (CARES Act)
To Our Valued Clients: The CARES Act was signed into law by President Trump on March 27, 2020. The Act contains many types of aid and other benefits to help businesses of all sizes get through the ongoing pandemic. With an estimated cost of $2.2...
It’s Back!
After a very long wait, Congress has reinstated the EPACT 179D Commercial Buildings Energy Efficiency Tax Deduction. Legislation has been signed by the President which provides retroactive application of 179D for both the 2018 and 2019 tax years and extension through...
Seeking the Truth Part two
Energy efficiency and the consumer Written by: Patti Hagewood – Energy Analyst and edited by Karen Koch CPA - Partner & Manager of Energy Services This is part two of our energy series originally published last week. If you have not read part one, please do that...
Seeking the truth part one
Energy efficiency and the consumer Written by: Patti Hagewood – Energy Analyst and edited by Karen Koch CPA - Partner & Manager of Energy Services This is part one of a two-part series written by the experts of Bedford’s energy division. Please check back next...
Preparer Penalties Assessed to Cost Segregation Consultant
The office of Chief Counsel of the IRS recently released Memorandum 201805001 pertaining to Preparer Penalties related to Section 6701 – Aiding and Abetting in the Understatement of a Tax Liability. This related to a firm that went way overboard on their allocations...
Tax Reform and Real Estate Investors: Insights and Misconceptions
Special Note from Bedford Cost Segregation's Managing Partner, Greg Bryant: Many of our clients are grappling with the true impact and nuances of the Tax Cut and Jobs Act. I recently had the privilege of collaborating with fellow American Society of Cost Segregation...
Tax Reform
The much anticipated Tax Cut and Jobs Act has been signed by the President. While the House and Senate versions of the Act varied widely on many issues, the Conference Report issued last Friday seemed to adopt more of the Senate version that that of the House. Here is...
The Interplay and Benefit of our Services and the Commercial Construction Industry
Commercial construction projects can be impacted by the tax implications for those who invest in and those who develop them. Typically, we encounter these opportunities at the pre-development stage, design and construction stage, newly-constructed stage, or...
