At The Concorde Group, we specialize in giving our clients access to a level of service, expertise, and return on investment that our competitors simply cannot match.
Cost Segregation
With over 30 years combined experience, The Concorde Group has successfully conducted hundreds of cost segregation studies nationwide. Our team has performed studies on facilities ranging from a small 2,000 square feet addition for a chemical manufacturing client, to an office complex covering over one million square feet. Our clients have therefore received hundreds of millions of dollars in tax savings.
Why not be among the hundreds of satisfied clients who have taken advantage of the IRS approved method of accelerated depreciation? Cost segregation studies are the most cost efficient tax strategies available to real estate property owners. This strategy offers real estate owners the opportunity to defer taxes, reduce their overall current tax liability, and improve their current cash flow. By engaging the expertise of The Concorde Group, property owners will be assured that their results will stand up to the strictest scrutiny of IRS auditors.
Research and Development Tax Credit
While research and development is often considered the domain of large companies, smaller businesses have more to gain, as the value of the R&D credit as a percentage of their assets, can be as high as 9.4 percent. Of the 16,000 businesses using the R&D credit, more than 4,500 companies have assets of less than $1 million. Your firm should be part of the growing number of businesses receiving this credit.
The largest hurdle is figuring out exactly how much tax credit your business has coming. Businesses must first determine their base amount of R&D expense, a calculation best done by those with expertise in the credit. Business can claim 20 percent of R&D expenses over that base amount, which will vary from business to business. With almost 300 R&D studies performed, The Concorde Group will help you establish and document your base amount, as well as claim the full credit your firm can realize.
Partnering and Outsourcing Services
Our cost segregation and R&D Tax Credit specialists do not replace the essential role the CPA plays in tax planning and preparation, and we are not considered a source of competition. In fact, The Concorde Group does not perform any traditional CPA functions. Instead we provide a resource, which enables CPA firms to draw new clients and strengthen bonds with existing ones. Usually the case with most firms is they lack the necessary engineering expertise required to correctly segregate the various building components, or properly define the R&D activities that are taking place.
The Concorde Group provides these engineering based tax products for a number of small and large CPA firms throughout the country. When engaged directly with our clients, we ensure that their CPA firms have our full support to incorporate all of the tax savings into the individual or corporate tax returns.
Audit Support
Many times firms are faced with the task of answering to an IRS challenge or audit based on a prior asset allocation or R&D claim. These audits can be both stressful and time consuming for those within your firm whose responsibility it is to undergo this grueling experience. In addition, IRS audits pose a real threat to your future financial stability. Why not let the experts at the Concorde Group handle the burden for you.
We include audit support in all of our engagements as a “no cost” added benefit to you, but we can also represent your firm in cases where you may have had another cost segregation or R&D provider. Audit support may not have been included in their engagements and most likely they would charge you for their additional time and travel expense required to defend “their” work. The Concorde Group has successfully engaged with the IRS on many occasions explaining our competition’s studies at fees significantly less than the original provider would charge. Let our proven track record work for you.
