Below is a preview of one of the articles in the new KROST Quarterly Hospitality Issue, “Tax Breaks: The Next Great Wine Pairing” by Guest Contributor Tetyana Guguchkina, Manager – Research & Development Tax Credit Services, KBKG. “While California has dominated the wine industry for decades, new regions across the United States are making waves … Read More
Below is a preview of one of the articles in the new KROST Quarterly Real Estate Issue, titled “Section 45L Tax Credits: The Most Overlooked Tax Credit for Residential Developers” by guest author, Brandon Val Verde, Senior Manager – Green Building Tax Incentives, KBKG. The §45L credit is a federal tax incentive for developers of … Read More
Below is a preview of one of the articles in the new KROST QUARTERLY Real Estate Issue, titled “Can OZ Work for You?” by Keith Hamasaki, CPA If you’ve ever wanted to help revitalize an economically distressed community but couldn’t justify it economically to generate enough capital from investors, then the new Opportunity Zone Program … Read More
Below is a preview of one of the articles in the new KROST QUARTERLY Real Estate Issue, titled “The Impact of TCJA on Cost Segregation & Like-Kind Exchange” by So Sum Lee, CPA: Like-kind exchange has been a popular tax deferral tool for decades. Under IRC 1031, a taxpayer can defer tax on gain from … Read More
Below is a preview of one of the articles in the new issue, “This Often-Overlooked Federal Benefit Offers Unique Opportunity for Manufacturers” by Guest Contributor Michael Maroney, Senior Manager – R&D Tax Credit Services: This Often-Overlooked Federal Benefit Offers Unique Opportunity for Manufacturers With the R&D Tax Credit now permanent, businesses are taking full advantage … Read More
We are happy to announce the release of our second quarterly magazine! The Manufacturing Issue highlights some of the hot topics in manufacturing including cybersecurity, tax benefits and incentives, technological advances in manufacturing, and trends. What You’ll Find Inside this Issue: Manufacturers Beware: The Continued Threat of Cybersecurity Breaches, Hacking & Malware by Keith Hamasaki, CPA … Read More
The Tax Cuts and Jobs Act (TCJA) was signed by the President on December 22, 2017. The TCJA is the most significant overhaul of Internal Revenue Tax code since the 1986 Tax Act under President Reagan. The Committee Report has over a thousand pages of modifications to many areas of the tax code. One piece … Read More
Interest-Charge Domestic International Sales Corporation (IC-DISC) is quite a mouthful, which may be a reason why most people don’t know about this tax incentive. Thousands of businesses are not taking advantage of this tax savings opportunity mainly because they aren’t aware of its benefits. In simple terminology, an IC-DISC is a separate legal entity from … Read More
If you want the best possible ability to receive full tax benefits from your properties, then you’re going to want to understand and take full advantage of Cost Segregation. At the most basic level, Cost Segregation can be described as “asset evaluation”. You’re basically taking inventory of your assets, identifying exactly what those things are, … Read More
Commercial real estate owners and investors are always looking for new ways to generate profit in their investments. To leverage opportunities and reap the rewards of past investments, it’s sometimes necessary to sell existing property. While generating profit is essential in the sale of commercial real estate, it’s equally important to be aware of tax … Read More
