We are truly honored to welcome Rob Ord, Vice President of Operations for Unbeatable Mind. Having spent 16 years as a Navy Seal, Rob now brings the elite mental discipline of the military to corporate leaders, athletes, and anyone seeking self-refinement. By helping people unlock new levels of potential and self-mastery, Rob helps companies reach new heights of success. Join Rob as he guides Terri Johnson on a journey of mindfulness, balance, and the very science of breath. It might just be the most important podcast you ever hear.
Welcome Lindsey King and Carly Coker to the Pod! As part of Capstan’s R&D Tax Credits Division, Carly and Lindsey have successfully captured hundreds of R&D Tax Credits in a plethora of industries. They’ll walk us through the R&D Credit study process, review eligibility criteria, and explain exactly what constitutes a qualified research expense. Lots of real-life industries will be represented, including some that you didn’t see coming – breweries?! -- and Lindsey and Carly will even share a few tricks of their trade.
In this episode, we do a deep dive into Qualified Improvement Property. This lucrative incentive packs a punch, but alas, all improvements do not fall under the QIP umbrella. Join Capstan Partner Bruce Johnson as he pulls apart the tax code definition, breaking it down to determine exactly what is – and what is not – considered QIP. If you deal with a lot of renovations, this episode is a must-listen!
Unless something changes on Capitol Hill, the golden days of 100% bonus depreciation are numbered. What’s a taxpayer to do? Could Section 179 Expensing help fill the void? Join Capstan Partner Bruce Johnson as we compare these strategies, speculate on the use of Section 179 moving forward, and address state limits on this federal incentive. We also discuss a strategic hierarchy of expensing, talk through a few examples, and quibble over the correct pronunciation of “hierarchy.” (Spoiler – no consensus is reached.)
Low inventory, high profit margins, and the LIFO method of accounting have resulted in a higher taxable income for many. Why wait for the Treasury to provide relief under Section 473? Special guest and industry giant Will De Filipps, CPA, PC, suggests that a far better strategy for avoiding additional tax burden is to take advantage of a beneficial provision already in the Regulations. Adopting this strategy can be achieved without advance permission from the IRS by complying with the Regulations and filing Form 3115. But time is of the essence.
Join Terri S. Johnson and Will De Filipps, CPA, PC for a fascinating discussion of what just might be a late-breaking game changer.
Capstan’s Director of Engineering Ziv Carmel makes a triumphant return to the pod! Many auto dealers are turning to cost seg to offset pandemic-related cash flow issues. Join us as Ziv explains why auto dealerships make such great candidates for cost segregation studies and what kind of first year tax savings are possible. As an engineer with decades of industry savvy, Ziv brings a unique perspective to the pod that is not to be missed.
Tax is season is here but have no fear! This special episode of Capstan Live! will get you up to speed with an action-packed discussion of the Top Ten Things You MUST Know for TY 2021. Terri Johnson, Bruce Johnson, and Ziv Carmel return to the pod for an all-star roundtable, reviewing a year’s worth of headlines, strategies, and analysis in a tight 40 minutes. If you only listen to one episode, make it this one!
Capstan Partner Bruce Johnson joins us for to discuss these great tax strategies and to weigh in on what food-related simile would best describe their use in tandem. PLUS – new final regs redefine what can be considered “Real Property” for the purposes of a 1031 Exchange. Bruce has the scoop on this breaking news, and explains why it’s a win!
Capstan Partner Terri S. Johnson sings the praises of the Tangible Property Regulations. Terri’s attitude is contagious, and you’ll find yourself excited about expensing options, enthused about the BAR and Materiality Tests, and positively over the moon about Partial Asset Disposition. And the best thing about the TPRs? They play very nicely with other tax strategies…
On this episode we tackle a complicated subject – how should owners treat tax-exempt use property regarding depreciation? A topic this tricky calls for a very special guest, and we are honored to welcome Brian O’Sullivan, CPA, CVA, of the LG Legacy Group, LLC! Brian brings his signature wit and wisdom to the pod, guiding us through an analysis of the MACRS vs ADS decision process for both tax-exempt tangible personal property and non-residential real estate. PLUS, download our all-new Capstan tool – our ADS Flowchart for Tax-Exempt Use Property.