June 2023 News Updates

June 2023 News Updates

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The Unique Benefits?of Cost Segregation?for Car Washes

For those in the car wash industry seeking ways to boost their financial performance, an often overlooked yet highly beneficial tax strategy exists: cost segregation for car washes. This IRS-approved tax planning technique can result in substantial tax savings for car washes, offering unique benefits to car wash owners and significantly enhancing their bottom line.

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Understanding the Investment Tax Credit for Renewable Energy Projects

The Investment Tax Credit (ITC) is a government incentive aimed at stimulating investment in renewable energy projects. The IRS provides the ITC to individual taxpayers and corporations who invest in specific large-scale projects involving renewable energy. The primary goal of the ITC is to encourage businesses to invest in green technologies, create new jobs, and keep work in the United States.

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Introduction: Diversify Your Practice and Thrive With Aircraft Services

In today's competitive market, accounting firms must diversify their offerings to attract new clients and maintain strong relationships with existing ones.?The Engineered Advisory Accelerator Program ?is designed to help accounting firms do just that by connecting them with specialized experts, enabling them to provide exceptional services beyond their personal expertise.?

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Tax Incentives for Energy Efficient Buildings?-?179D and 45L Update

Heidi and guest George Matar discuss IRA 2022 and how it would affect existing energy-efficient building incentives. In this episode, discover changes and tax incentives within IRA 2022, assess uncertainties of its labor provisions, and examine the criteria for tax-incentives eligibility.

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Tax-Efficient Jet Ownership Program through?Charter Aviation Programs

Quinn Ricker, CEO of Jet Access Aviation, explains the importance of exercising the asset, understanding the pedigree of the plane, and leveraging the upfront tax benefit of private jet ownership. He also touched on the importance of safety in the private jet industry and how it can lead to a great experience.

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