Capstan Live Podcast

Beyond the Spreadsheet with Jenny Massey

Welcome to Beyond the Spreadsheet, a special podcast series from Capstan Live. Our goal is to spark authentic conversation about our industry, and we've invited some of the smartest, most influential people we know to join us.   

 

Our first guest, Jenny Massey, CRE, is Director of Site Selection and Business Incentives at Sikich LLP. She's also an archaeologist by training, spent 7 years living and working in Japan, and is an accomplished beekeeper (!). Join us for 20 minutes with the fascinating Jenny Massey as we discuss:

1. The purpose of site selection

2. How local and state business incentives offset expansion costs

3. Which activities should trigger a consultation with a site selection/business incentives professional

4. How success in claiming incentives is all about pitching the right story to the right audience

 

If you're an owner growing your business — or a CPA that advises one — this is a must-listen.

If you'd like to consult with Jenny, feel free to reach out to her at jenny.massey@sikich.com.

Special Episode: Year End Top Ten!

It's the Third Annual Year End Top 10 Podcast, where multiple Capstan stars come out to shine! Join Bruce, Terri, Ziv, and Jacob as they run through this year's must-knows, while sharing a few laughs and some good-natured banter. Unsurprisingly, IRA-related topics take 3 up three spots on this year's list, and even edge out Mandatory Amortization of Sec. 174 Expenses for the coveted top spot. Want to get the scoop on the entire Top 10? Give us a listen — you'll be glad you did.

One Year Since the IRA: Where Do We Stand?

It's been almost a year since IRA provisions took effect back in January, and there are still a lot of unanswered questions. Capstan Partner Bruce Johnson returns to the pod to share industry insights including:

 

1. Why the maximum benefit may be out of reach for many developers

2. How contractors are feeling about Prevailing Wage/Apprenticeship Requirements

3. The silver lining of deduction reset

4. A huge change in the 45L Credit process

 

Take a half hour with Bruce to clarify what we've learned — and what we still need to learn.

 

Short Takes: Triple Net Lease Properties

Bruce Johnson returns to the podcast to discuss triple-net-lease, or "NNN" properties.

 

• What makes them such attractive investments?

• Why are they great cost seg candidates?

• What makes retail pharmacies and quick-serve restaurants particularly asset-rich?

• Will Bruce be persuaded to invest in a Dunkin' Donuts franchise? 

 

All these questions and more will be answered in a tight 15 minutes.

Hot Industries for R&D: Manufacturing and Custom Product Design

The R&D Tax Credit was initially created with manufacturers in mind, and today manufacturers claim 70% of all R&D Tax Credits. Jacob Wood, JD, returns to the Pod to explain:

 

1. What types of manufacturers can qualify

2. Potential scope of savings

3. The taxpayer-friendly implications of the "Substantially All" rule

4. Why a company's problem-solvers are key to claiming the credit

 

And more!

Hot R&D Industries: Food and Beverage

Commercial food and beverage production is all about innovation, making it a great source of R&D Tax Credits. Capstan Regional Director Jacob Wood (jwood@capstantax.com) returns to the pod to give us the (ice cream) scoop on R&D in Food and Bev:

1. Qualifying activities throughout the supply chain — from formulations, to scaling up, certification testing, packaging, and more

2. The finer points of R&D in breweries, wineries, and distilleries

3. Unique challenges in the frozen food industry that present R&D opportunity

4. Real life examples that explore the scope of savings possible

 

Don't listen while you're hungry, but do listen.

Hot R&D Industries: Software Development

Software is everywhere. And the constant innovation and improvement involved in software development makes it a perfect industry for R&D Tax Credits.

 

Join Regional Director Jacob Wood (jwood@capstantax.com) as he discusses:

1. Which activities apply for the R&D Tax Credits

2. The nuances of internal-use software

3. What kind of savings software companies can expect

4. The modified credit for small software startups

5. Suggested documentation software firms should have available

6. Next steps for learning more

 

A great listen for software developers, CFOs, and CPAs!

Short Takes: Multifamily Property

Our new Short Takes series provides brief but thoughtful topic overviews — perfect for those times you just need a high-level view.

 

This month Bruce Johnson talks about:

1. What makes multifamily facilities such great cost seg candidates

2. How the IRA is changing the game for MF owners/developers

3. Why MF remains a huge vertical amid current affordability challenges

And lots more, in just 15 minutes.

 

The Mandatory Amortization of Section 174 Expenses: What CPAs Must Know

Capstan R&D Tax Credit experts Lindsey King and Carly Coker return to the pod to discuss the implications of Sec. 174 amortization.

 

1. Interplay Between Sec. 174 and Sec. 41

2. The Way We Were (i.e. Sec. 174 treatment before TY 2022)

3. The Current Situation

4. Rev. Proc. 2023-11 and What Makes it Taxpayer-Friendly

5. The Impact of Mandatory Amortization

6. What the IRS Will Be Looking For

7. The R&D Tax Credit as a Mitigating Factor

 

If your clients take the R&D Tax Credit and/or have Sec. 174 Expenses, this episode is a MUST LISTEN.

 

Short Takes: Self-Storage Facilities

Our new Short Takes series provides brief but thoughtful topic overviews — perfect for those times you just need a high-level view. This month Bruce Johnson talks about:

1. What makes self-storage facilities such great cost seg candidates

2. How expected yield may vary in urban v. suburban projects

3. The repositioning phenomenon

And lots more, in less than 15 minutes.