Discovered Depreciable Property on Purchased Golf Course
Our client purchased a golf course for $6.7 million in 2013. Due to complex depreciation rules surrounding golf courses, and to ensure they weren’t leaving deductions on the table, our client decided...
View ArticleUsing a Community Improvement District (CID) to Finance Long-Term Improvement...
If you’re a commercial real estate developer or investor looking for a financing strategy to fund a large scale development or property improvements, establishing a Community Improvement District could...
View ArticleReal Estate and Construction Newsletter August 2016
Understanding the Missouri Ruling on Delivery Charge Taxation Last week, the Missouri Department of Revenue sent correspondence to all Missouri taxpayers registered as a seller of tangible personal...
View ArticleCost Segregation Studies Reduce Tax Liability by Accelerating Depreciation...
Whether you have built, remodeled or purchased real estate in the past few years, there may be a way to significantly reduce your federal and state tax liability through a qualified cost segregation...
View ArticleReal Estate and Construction Newsletter September 2016
Energy Efficiency Sets the PACE for Commercial Improvement Projects Commercial property owners are always looking for ways to finance upgrades or improvement projects. Property Assessed Clean Energy...
View ArticleThe IRS Repair Regulations Storm has Passed, but Big Tax Benefits are Still...
Yes, I know what you are thinking… Are we REALLY still talking about the IRS Repair Regulations? Hasn’t the Repair Regulations ship already sailed? While the big news of the Repair Regulations hit...
View ArticleConstructing a Growing St. Louis
There are currently several large construction projects going on all over St. Louis, bringing positive media attention and tourism to the gateway city. With the Anders office located downtown, we are...
View ArticleReal Estate and Construction Newsletter October 2016
Preserve the Value of Your Business Through Exit Planning As members of the Baby Boomer generation near retirement, succession planning has become a popular topic of conversation for privately held...
View ArticleQualified Improvement Property: New Rules for Improvements to Nonresidential...
For property placed in service after December 31, 2015, the PATH Act creates a new category of 39-year property subject to bonus depreciation called Qualified Improvement Property (QIP). Nonresidential...
View ArticleReal Estate and Construction Newsletter November 2016
The construction market in St. Louis is as strong as it’s been in recent memory. With announcements about phase two of Ballpark Village and the Cupples X development, there’s no indication of it...
View ArticleSecured $2.5 Million in Economic Incentives
Assisted a client with plans of adding jobs, purchasing equipment and expanding their manufacturing facility secure over $2.5 million in economic incentives from state, county and local governments...
View ArticleDeferred Tax on Sale of Building Through Like-Kind Exchange and Used Historic...
Worked with a client on the sale of existing office space and purchase of a new building defer approximately $15,000 of tax on the sale through a like-kind exchange. Additionally, because the new...
View ArticleAssisted Missouri Manufacturer in Securing $3.5 Million in Tax Incentives
Due to our familiarity with the Missouri Works program and the Chapter 100 Bond process, we assisted a Missouri-based manufacturer contemplating systematic plant expansion, equipment purchases and job...
View ArticleReal Estate and Construction Newsletter December 2016
Take Advantage of Anticipated Tax Reductions with a Cost Segregation Study As is generally the case after an election, we’re sure to spend the next several months speculating over what’s to come with a...
View ArticleDan Mudd and Nicole Doeschot Present to CFMA on Delivery Tax and Future Tax Plan
Anders Tax Partner Daniel W. Mudd, CPA and Tax Manager Nicole M. Doeschot, CPA will present to the Construction Financial Management Association (CFMA) on December 13th. Nicole will review the Trump...
View ArticleReal Estate and Construction Newsletter December 2016
Deduct As Much as 9% of Taxable Income with DPAD As 2016 comes to a close, business owners are working diligently with their accounting team to get an idea of what their tax situation will look like...
View ArticleDowntown St. Louis Eyes Expansion with Cupples X, MLS Stadium and Ball Park...
Downtown St. Louis is currently in a construction boom. The City is trying to draw more people and businesses to downtown to revitalize the area. Some projects are in the planning phase, while others...
View ArticleReal Estate and Construction Newsletter January 2017
Preparing Your Business for the 2017 Tax Filing Deadline Changes Now that year-end planning and execution is behind us, it’s time to perform year-end closing procedures and reconciliations of banks,...
View ArticleMissouri Historic Tax Credit Program Faces Potential Reduction
The Missouri Historic Preservation Tax Credit is offered to revitalize communities throughout the state by incentivizing developers to maintain the integrity of historic buildings. A significant amount...
View ArticleRepair Regulations Tax Savings Receives Another Extension
Businesses and rental property owners knew that time was running out to take advantage of repair regulations tax savings through the tangible property regulations (TPRs). Fortunately for taxpayers, the...
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