The best part about doing cost seg is filling out the Form 3115! Not really. But let’s talk about it anyway. The Form 3115 – Application for Change in Accounting Method is used for many reasons. Remember, for cost seg, much of the form is irrelevant. We help you with it when you run an
Check out this psychology experiment that was designed to measure the cost of your distractions: When you sit at your computer trying to write or work, there is a real danger that you will get interrupted by an email, instant message, text message, or phone call. Even if you do your best to skip past the
You want to grow? Think “client”. Here’s a great article from Joe in New Jersey: Client-centric service has long been a commoditized expression in firms, along with the phrase “quality service.” However, are most accounting firms truly client centric? The answer is often no. Most successful firms are client focused, but not necessarily client centric.
Great Article. Sound familiar? The first and perhaps the most predominant area of concern is the hesitation to adopt new technology. Accounting has always been looked upon as a miserable and boring job. Accountants bear a scar of being “bean counters” that are only concerned with figures, and with the hesitation they
The rules keep changing. Are you keeping up? Or better yet, are you still ahead? Several smaller Brown Smith Wallace clients that own single buildings also have enjoyed additional tax deductions by, for example, replacing roofs. They are now able to write off the remaining basis of the old roof for more than $10,000
Alliteration not intened – just a bonus! Are your clients buying commercial real estate? Pay attention. In July of 2013, the the Eleventh Circuit affirmed the Tax Court’s decision to disallow a taxpayer’s attempt to change purchase price allocations for a cost seg study. The decision further clarified several critical issues you need to be
Quickbooks online??? For 32 years, we had navigated technology platform shifts — from DOS, to Windows, to the web. Through each, we had seized the opportunity to reimagine our offerings and extend our market leadership. We knew at some point the move to a recurring revenue model would be the right one for our customers
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Accounting firms looking to grow their practice and offer valuable tax deferral strategies can do so with Titan Echo Cost Segregation Solution. These tax deferral strategies historically have been beyond the reach of the vast majority of taxpayers, but Titan Echo enables CPAs to bring the benefits of cost segregation to all their clients. The
Press Release – Titan Echo Now Makes It Easy to Benefit from the IRS Tangible Property Regulations (TPR)
Titan Echo announced the launch of their new Tangible Property Regulations (TPR) tool, Titan Echo TPR Solution (for UoP and Partial Disposition). Denver, CO, United States – March 5, 2015 Titan Echo has released its new software solution to help CPAs and their clients benefit from the IRS Final Tangible Property Regulations. The IRS has
Our first study using Echo was on a building that was purchased in 2012 for $350,000. The additional depreciation deduction in 2014 was $31,000 and we were able to do a late partial asset disposition for an additional deduction of $23,000. We now have detail on all of the components of the building to comply with the Tangible Property Regulations.
Echo is a cost effective and streamlined approach to doing a Cost Segregation study and saving our client’s tax dollars.
Mike Bosen, CPAPartner | Gallacher, Bosen & Goodman PLLC