Capstan Live Podcast

Our Second Annual Year End Top 10

Join us for an action-packed discussion of the Top Ten Things You MUST Know for TY 2022 in this special episode of Capstan Live! 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. Plus, special guest Jacob Wood cameos to talk about the latest R&D Tax Credit news. If you only listen to one episode of Capstan Live!, make it this one.

A Game Changer: How the Inflation Reduction Act is Transforming Energy-Efficient Tax Incentives

The IRA is bringing sweeping changes to EPAct 179D and 45L. Bruce Johnson — our resident energy expert — returns to the pod. He'll walk us through what's already changed, what will change next year, what isn't changing, and what it all means. All the info and analysis you need to fully leverage the IRA in 2023 — don't miss Capstan's take on this groundbreaking legislation.

R&D Credits Then and Now: What the Inflation Reduction Act Means for You

The R&D Tax Credit has come a long way, baby! Join Capstan Regional Director Jacob Wood as he traces the evolution of the Credit from its humble origin to the amplified and expansive Credit we enjoy today. Jacob will touch on the implications of all relevant legislation and will share the actionable info you need to take advantage of the Inflation Reduction Act's new R&D provisions.

Say Hello to 45L

While EPAct 179D gets a lot of attention, 45L is often considered an “afterthought.” However, this oft overlooked credit packs a powerful punch, and is worthy of a podcast all its own. Join Terri Johnson as she digs into the details of this lucrative incentive and delivers the scoop on a timely strategy for 9/15.

Stepping Out with 754 Step-Ups

The 754 step-up is notoriously complicated, and it’s easy to overlook the inherent cost seg potential while dealing with all the moving parts.  Consider this episode your official reminder that the new basis and service date seen in a step-up may tee up an excellent cost seg opportunity.  Capstan Partner Bruce Johnson walks us through the details, shares a few caveats, and allows Helena to finally share her original work, “Lucy and Ethel Buy a Chocolate Factory: A Section 754 Story.” 

Tax Season is Over... Take a BREATH...

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. 

The A-to-Z on R&D

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. 

Who’s The VIP? QIP!

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! 

As We Anticipate a Bonus Depreciation Step Down, Can Section 179 Expensing Step Up?

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.)

LIFO Relief: A Timely Alternative to Reduce Your Tax Burden

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.