Are You Losing Money By Not Taking Advantage of Available Tax Credits and Exemptions?

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Testimonials

Paul H. Frankel
Paul H. FrankelSenior Partner, Morrison & Foerster, NY, NY

I have known Bob since 1989. He and I worked together closely on a series of tax appeals and audits, particularly during the 1989-93 period. During this time Bob, working either with me or my partners, negotiated with senior Department of Revenue personnel in ten states to limit back filing to 4 years from potentially 20 years – to obtain favorable apportionment factors and non-business income treatment for interest income and sales of assets in several states. In several cases we were able, under the current laws then in place, to successfully disclaim nexus, saving over $3,000,000 a year. In the years that I have known Bob I have been impressed by his strong work ethic, ability to research complex issues and arrive at solid conclusions. He has been a pleasure to work with.

Aurelian Butkatko
Aurelian ButkatkoConsultant, Finance and Operations, Jefferson Wells

During my tenure at Oxford Automotive, a Tier I global auto stamper with operations in the US and 15 other countries, Bob was tax manager and a direct report to me. He was a team player and worked well with his colleagues. He established a lean tax dept.; obtained tax savings of $46+ million setting up the Mercedes Benz underbody stamping facility; established Federal tax compliance and tax development requirements; and saved $2+ million in property taxes his first year without resort to litigation. He set up a tax calendar that let me know the status of tax audits (and the filing status of returns). He promptly followed up on tax law developments, and got the amended returns filed, generating some $7 million in tax refunds.

Our Services

Railroad Consulting

Includes tax studies, a tax calendar, operations review, review of tracks and bridges for potential tax benefits, ratio analysis, and more.

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Business Planning

For business owners who are dealing with resource constraints we develop a business plans with sales, costs and financing needs.

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Accounting Services

Accounting services for management, setting up QuickBooks to provide accounting and analytical reports.

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Tax Credits

We offer up-to-date consulting and advice about relevant credits, which are dollar for dollar reductions in a taxpayer’s liability.

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Government Relations

We have successfully lobbied for local tax benefits, exemption from sales tax, and more working with both Democrats and Republicans.

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Tax Preparation

We can quickly review a taxpayer’s returns and determine what needs to be done, and create an up-to-date and correct tax calendar.

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Latest Articles

Credits and Exemptions (The Value of These Services)

Credits and exemptions are the most valuable products because they reduce taxes dollar for dollar. Deductions are useful and give a Federal tax benefit of 21 cents on the dollar. Similarly, exemptions from sales/use taxes or property taxes can be very useful in managing the tax expense. It’s important to realize that income taxes at …

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Cost Segregation

Cost Segregation, under the current tax law, is irrelevant and the time has passed for a normal cost segregation study. However, the reality in tax is that things change constantly, both through Congressional action and tax litigation. So it is well to keep this method in mind for when the changes come and cost segregation …

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Government Relations

Often, taxpayers need to lobby for better tax treatment under the current tax codes (e.g. the Federal, state and local tax codes). Lobbying has a bad reputation because of abuses. On the other hand, there is no way to get a better tax treatment than to go before the representatives and senators at the Federal …

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Request a Consultation

If you have any questions or would like to schedule a free consultation, use the form below. I look forward to hearing from you! You can also get in touch with me directly at rdshannoncpa@gmail.com or (734) 369-1100