At our firm, we embrace a personalized approach, recognizing that each client's journey is unique and cannot be constrained by a "one size fits all" mentality. Understanding our client's needs is not just a momentary undertaking but a commitment that spans the entirety of their ownership period.

Throughout the life cycle of properties, whether influenced by usage, age, or market conditions, we remain attuned to their ever-changing dynamics. We cater to different groups within our client organizations, each playing pivotal roles during the diverse phases of the property's evolution. In this process, we bridge the gap, ensuring that vital tax-centric information is seamlessly communicated, avoiding any lack of awareness that may hinder value realization. At our core, we believe that by fostering this understanding and collaboration, we enable our clients to achieve their real estate goals more effectively.

Here are just a handful of ways in which the data from our reports can be employed.

Project Conceptualization

Delving into the realm of Concept and Feasibility, our services attract discerning investors seeking comprehensive insights into how depreciation deductions will influence their cash flow. The expertise and credibility of Bedford are sought-after by numerous clients who eagerly incorporate our well-crafted projections into their pro-forma packages.

Procurement

For optimal depreciation deductions and strategic asset management, it's advisable to conduct a Cost Segregation Study following property acquisition. This approach provides a better understanding of included/excluded assets and ensures compliance with Tangible Property Regulations for future dispositions, empowering investors with comprehensive and informed decision-making.

Project Design

As an integral part of the design and construction teams on significant projects, we have consistently played a pivotal role in optimizing depreciation deductions for taxpayers. Through close collaboration with the design teams, we strategically consider material selections and construction methods and meticulously document special-purpose mechanical and electrical systems. Our expertise has benefitted numerous national clients, providing them with simple yet effective design recommendations that successfully convert 39-year assets into 5-year assets, thereby maximizing their tax benefits and achieving long-term financial gains.

Property Operations

The holding period of property presents a remarkable window of opportunity to thoroughly assess all capitalized expenditures, uncovering possibilities for expense treatment, accelerated depreciation, or asset disposition. Notably, activities like tenant improvements offer substantial potential to capitalize on previously overlooked benefits, providing a fresh avenue for maximizing returns and optimizing tax advantages. Our expert approach ensures that every aspect is meticulously evaluated, enabling clients to seize these untapped opportunities and make the most of their real estate investments for long-term prosperity.

Property Renovation

As properties age or market conditions change, property owners face challenges ranging from small renovations to reconfiguration or redevelopment. Our expertise lies in maximizing tax benefits during this phase. With a customized approach, we help clients navigate the tax implications associated with partial demolition and asset retirement, ensuring favorable outcomes for their property transformations.

Property Demolition

In sales, we've assisted numerous clients and real estate brokers with depreciation deduction projections for offering documents. Despite total demolition reducing the tax basis of the land, clients can write off the remaining basis of 5, 7, and 15-year assets. We've assisted many clients who opt for short-term property management with redevelopment as the ultimate goal, initiating a fresh Real Estate Life Cycle.

Cost Segregation with us

With the cost segregation team, accelerate depreciation during early building ownership, freeing up crucial capital for business investments. Whether owning commercial real estate, multi-family housing, or tenant improvements, our Cost Segregation services offer significant opportunities to reduce tax liability and boost short-term cash flow. Maximize your financial advantage with our expert solutions.

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Which Industries Qualify?

The R&D tax credit can be applied to a wide variety of industries, including (but not limited to):

Aerospace

Tool & Die

Metal Fabrication

Plastics & Injection Molding

Consumer Products

Manufacturing

Architecture & Engineering

Food & Beverage

Financial Services

Mortgage & Banking

Software Development

Chemical

Contract Manufacturing

Construction / MEP

Pharma

Oil & Gas

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By
Deb Roth
on
August 14, 2023

Maximizing Cash Flow Through Government Tax Opportunities

Amid the ongoing challenges posed by COVID-19, numerous small and midsize businesses are grappling with maintaining cash flow, operational capabilities, and their internal research and development initiatives. While the Coronavirus Aid, Relief, and Economic Security (CARES) Act did extend financial aid to these COVID-19-affected enterprises through emergency grants, retention tax credits, and forgivable loans, these solutions offer only temporary cash flow relief, falling short of providing lasting solutions.

By
Deb Roth
on
August 14, 2023

Understanding the R&D Tax Credit Carryforward Period

The R&D Tax Credit Carryforward Period refers to the duration during which unused portions of research tax credits can be applied to offset future tax liabilities. This provision is often overlooked by many taxpayers who are eligible for R&D Tax Credits. In most cases, companies that have qualified research expenses but lack current income can carry forward these credits to offset taxes on forthcoming profits. The carryforward period allows credits to remain applicable for up to 20 years. Additionally, the option to carry back credits for the previous year is also available.

By
Deb Roth
on
August 14, 2023

Are R&D Tax Credits Convertible to Cash?

Navigating the world of R&D Tax Credits often prompts the question: Can these credits be converted into cash refunds? It's a query frequently posed by businesses seeking to maximize their returns on research and development investments. While R&D Tax Credits themselves aren't inherently refundable, they can still yield a financial windfall in the form of cash benefits.

Have any question? We're here to help.

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