About Engineered Tax Services
West Palm Beach, FL, USA
Engineered Tax Services (ETS) presents itself as a beacon for businesses navigating the intricacies of tax law, particularly within the realm of specialized tax services and incentives. This company stands out in the 179D tax lawyers industry, offering a suite of services that appears to be meticulously designed to cater to the nuanced requirements of clients eager to maximize tax savings and ensure compliance.
One of the noteworthy aspects of ETS is its interdisciplinary team, which includes not only tax attorneys and CPAs but also engineers. The fusion of engineering and tax expertise is somewhat of a rarity in the industry and suggests a data-driven approach that could be particularly beneficial for businesses in the engineering and manufacturing sectors. Their focus on integrating the science of engineering with tax and accounting principles implies a methodical and precise handling of tax services, which may appeal to clients looking for detailed and technologically adept tax analysis.
The company's services, such as Cost Segregation and R&D Tax Credits, are tailored to accelerate tax benefits and deductions, potentially offering significant financial advantages for eligible businesses. Cost Segregation, for example, is a strategic tax savings tool that can lead to substantial deductions by identifying and reclassifying personal property assets. For businesses that have recently constructed, purchased, or renovated property, understanding the potential impact on their tax situation could be a decisive factor in choosing ETS.
Their involvement with 179D Tax Deduction and 45L Energy Tax Credits also highlights their commitment to not only aiding clients in tax savings but also in promoting energy efficiency and sustainability. As the industry becomes increasingly conscious of environmental impacts, ETS’s services in this area could be particularly attractive to clients looking to align their financial incentives with eco-friendly initiatives.
ETS’s website offers a plethora of information, including case studies that provide insight into their process and success stories. For potential clients, these tangible examples serve as a testament to the firm’s effectiveness and experience. However, it’s worth noting that the tax consulting landscape is filled with firms claiming to have similar expertise. What sets ETS apart is their specialized approach and the technological integration that they claim to offer.
While the company does not shy away from showcasing its successes, it is important for potential clients to conduct their due diligence. Tax law is complex and always evolving, and businesses should ensure that any firm they partner with is up-to-date with the latest guidelines and regulations. The educational resources and thought leadership demonstrated by ETS, such as their blog and eBook offerings, suggest a willingness to keep both their team and clients informed, which is a positive sign.
In conclusion, Engineered Tax Services appears to be a robust choice for businesses in search of specialized tax services, particularly those that can benefit from a marriage of engineering insight and tax expertise. Their focus on energy-efficient tax incentives and a strong track record in the industry could make them a standout choice for certain clients. However, as with any tax service, businesses must weigh the firm's experience against their specific needs and consider the value proposition in light of their own industry and the ever-changing landscape of tax law.
Fast Facts
- Engineered Tax Services specializes in marrying the science of engineering with tax and accounting principles.
- The firm has completed over 30,000 cost segregation studies in the last 20 years.
- Through their services, Engineered Tax Services has generated billions of dollars in U.S. stimulus, impacting millions of jobs.
- They offer a personalized plan and dedicated advisor to guide clients through the tax credit process.
- Their team consists of tax attorneys, engineers, and scientists who are leading experts in their field.
- Engineered Tax Services is recognized in Forbes, Accounting Today, and other publications for their expertise.
Products and Services
- Cost Segregation - A service that helps businesses recapture a percentage of their original purchase price in the first year through a detailed analysis of commercial buildings' mechanical and electrical systems for tax reporting purposes.
- R&D Tax Credit - A credit that enables companies to reduce federal income taxes for qualified research expenses, often considered day-to-day operations in many industries.
- 179D Tax Deduction - A deduction that allows architecture, engineering, and construction companies to claim significant tax savings from construction projects for government entities, made permanent in the U.S. tax code as of 2020.
- 45L Energy Tax Credits - Tax credits that incentivize building energy-efficient residential properties, offering a dollar-for-dollar offset of building costs.
- Grant Services - Assistance with obtaining grants, including ERTC, WOTC, and WIT, to help businesses capitalize on additional financial opportunities.
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