Bentley Consulting Group, LLC employs credentialed professionals with the years of experience to help you meet your strategic objectives, whether you are looking for tax credit research, strategic planning, cost segregation studies, or business valuations.

 

The value of a business often serves as a financial cornerstone for ongoing operations, capital structure, succession planning, mergers and acquisitions, and a myriad of other strategic transactions.

Business Valuation

  • Estate and Gift Tax Planning
  • Divorce
  • Buy-Sell Agreements
  • Stock Option Plans
  • Succession/Exit Planning
  • Business Sales & Acquisitions
  • Shareholder Disputes

Litigation Support

  • Shareholder Disputes
  • Damages, Business Interruption and Lost Profits
  • Bankruptcy & Receivership Proceedings
  • Marital Dissolution & Property Settlement
  • Professional Testimony
  • Structured Settlement Analysis & Consultation

Our professionals not only have years of experience but also provide representation on a national level as members of boards of the American Institute of Certified Public Accountants.

The key to business growth is innovation. Innovation that requires an investment of scarce resources in product development activities that are often expensive and high-risk.

Recognizing the importance of such investment, the research tax credit provides companies and/or their owners with a dollar-for-dollar reduction of a company’s tax liability.

Research tax credits are based on a taxpayer’s expenditures for activities that constitute qualified research as defined by statute. Significant tax benefits can be achieved through the credit; however, to successfully benefit, we recognize the importance of a well documented, supportable study. The client must have systems in place that not only capture the costs relative to the credit but also provide credible substantiation for the credit and resultant study.

We Help You

With assistance from professionals from Bentley Consulting Group, LLC, the exploration and implementation of a program that allows the taxpayer to effectively capture these expenditures can be quite rewarding, allowing you to reinvest the tax savings in your business.

Concentrating on the specific needs of your business, we assist you in becoming a next generation firm. Armed with a unique mix of real life firm management experience, we identify weaknesses and opportunities and establish programs to achieve short and long term goals.

We Offer

  • S.W.O.T. Analysis
  • Employee Surveys
  • Staff Development and Advancement
  • Partner Compensation Plan Reviews
  • Strategic Growth Mission and Goal Development
  • Merger and Acquisition Planning
  • Developing Multi-disciplinary and Niche Practices
  • Performance Measure Benchmarking
  • Succession Planning

Are you purchasing, constructing, improving or inheriting commercial property?

If so, you could benefit from a cost segregation study.

Historically, tax professionals have categorized realty acquisitions and newly constructed realty property into two asset classes: land and building. Land is not depreciable and, depending upon the building’s purpose, the building is depreciated over a 39 year or 27.5 year recovery period.

A cost segregation study allocates the property into two further asset classifications: land improvements and tangible personal property. This way, property owners can depreciate the “carved out property” into shorter lives—specifically, 15 year, 7 year and 5 year lives.

Why They Matter

These studies benefit the taxpayer through improved cash flow by virtue of up front tax savings and corresponding tax deferrals. Essentially, such benefits are derived from two sources:

  • Increased deductions arising from costs being shifted from nondepreciable land to depreciable property (land improvements); and
  • Time value of money impact of accelerating depreciation deductions to earlier tax years.

For example, if a building were placed in service in 2012 or 2013, every $100,000 carved out as tangible personal property will yield a depreciation deduction of $60,000 versus $2,500 if the property were treated as a building.* As can be seen, significant tax savings were achieved, primarily due to the special “bonus first-year depreciation allowance.” Therefore, using the same example, if the building were placed in service in 2012 or 2013, every $100,000 carved out as tangible personal property will yield a depreciation deduction of approximately $21,000.

An additional and often substantial benefit of a cost segregation study is that it allows property owners the ability to write off the segregated assets (e.g. roof, windows, boilers, etc.) should they later become obsolete, damaged, or replaced.

We Help You

We work closely with the client, the client’s accountant, the construction engineer, construction manager, engineers and appraisers to break out portions of the realty and assign the associated costs into the proper asset categories. Because cost segregation is factually intensive, we rely upon a myriad of tax court cases, rulings, memorandums, pronouncements and promulgations issued over the past 40 years as support for the study.

In connection with our analysis, we issue a comprehensive report that includes explanations on the segregation of the property, testing procedures, estimated tax savings, as well as a detail of the various pronouncements and tax court cases relied upon. Depending upon the size and complexity of the project, hundreds of assets can be identified in a 100-200 page report.

*Example assumes building is nonresidential real property and tangible personal property is five-year Section 1245 property depreciated using the half-year convention. Significant tax savings were achieved through a special “bonus first-year depreciation allowance”. Generally, 50% bonus depreciation allowance applies to qualified property acquired during 2012 and 2013.

As required by U.S. Treasury Regulations governing tax practice, Bentley Consulting Group, LLC informs you that any tax advice contained in this communication (including attachments) was not written or intended to be used for and cannot be used by the recipient or any taxpayer for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions.

As with all of your company’s programs, it is important that your human resources policies and procedures are aligned with your long-term goals and objectives.

We Offer

  • Candidate Selection Process
  • Position Analysis & Design
  • Legal Compliance
  • Benefits Administration
  • Employee Assistance Programs
  • Compensation Programs & Structures
  • Performance Measurement
  • Professional Development & Training
  • Policies & Procedures Handbook Design
  • Retention Programs
  • Flexible Work Schedules
  • Employee Relations
  • Employee Surveys

The content on this web page supports marketing of professional services, and is not written tax advice directed at the particular facts and circumstances of any person. If you are interested in the subject of this document we encourage you to contact us or an independent tax advisor to discuss the potential application to your particular situation. Nothing herein shall be construed as imposing a limitation on any person from disclosing the tax treatment or tax structure of any matter addressed herein. To the extent this document may be considered to contain written tax advice, any written advice contained in, forwarded with, or attached to this document is not intended to be used, and cannot be used, by any person for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code.

Leah J. Szlatenyi

CPA/ABV/CFF, CVA, MSPFP, MST