Who we are
- An award-winning tax specialty firm helping dynamic businesses claim tax credits, deductions and deferrals
- Faster results and positive tax outcomes, saving our clients time, money and hassle
- Generating countless millions of dollars in income and transactional tax savings for our clients
Leverage our knowledge
- 60+ years combined team experience maximizing tax savings in ways often undetected by other firms
- Led by Mark Dunning, the TaxOpsMin team is responsive day-to-day and accomplished negotiators
- Delivering insights information your tax decisions and transaction strategy
- Specializing in software, manufacturing, pharmaceutical, biotech, energy, and engineering
- Referred by other CPF firms to perform specialty work in areas where referring firms lack expertise
What our clients say
Businesses with accumulated net operating losses (NOLs) and tax credits could find access to these tax benefits limited by IRC § 382/383 without proper planning. § 382/383 studies measure when a limitation arises, and the allowable amounts, related to business events that include ownership changes and funding activities.
Value of § 382/383 Studies
Net Operating Loss and Tax Credit Planning studies support the amount of deferred tax assets from NOLs or credits in financial statements, tax returns, and transaction due diligence.
At one time or another, most companies are faced with having to work with the Internal Revenue Service and other state revenue agents to settle tax issues in dispute.
Value of TaxOpsMin Controversy Assistance
We work with with national--and local--tax authorities to develop an audit and workout plan for settling outstanding tax issues, minimizing operating disruptions and frustration often associated with audits, pre-filing agreements and appeals cases.
Companies with taxable income may be able to claim an additional deduction of 9 percent of qualified expenditures through year-end 2017. Manufacturers, software developers, energy producers (including oil and gas, electricity and natural gas), construction companies, engineering or architectural service providers, potable water producers, and food growers are eligible to claim an additional deduction of 9 percent (as of 2010) if they have taxable income.
Value of Domestic Production Activities Deduction Study
A domestic production activity deduction study reviews taxpayer operations to determine if exceptions apply prior to calculating an amount for the deduction. Opportunities to claim this deduction are available through year-end 2017 only.
The Internal Revenue Service requires taxpayers to capitalize overhead costs associated with inventory, which increases taxable income. There are several different methods to determine what to include in the calculation. Due to the complexity of the calculation, many taxpayers include costs that should be excluded or use less-than-optimal calculation methods, thus increasing the capitalization.
Value of Uniform Capitalization Study
Through a uniform capitalization study, costs are analyzed and the optimal calculation method is selected for capitalizing overhead costs associated with inventory and lower your tax obligations.
Cost segregation allows a taxpayer to take full advantage of short-term depreciation for an asset that may otherwise be depreciated over a 30-plus year recovery period. Reclassifying assets from real property to tangible personal property with 5, 7, and 15 year recovery periods that roughly match the useful life of the asset allows taxpayers to front-load deductions earlier in the life of an asset. In addition to accelerating depreciation deductions, cost segregation reduces tax liabilities and increases cash flow. A cost segregation study properly identifies an asset’s cost basis, property class and recovery period, leading to potentially significant present value after-tax benefits.
Value of Cost Segregation Studies
Cost segregation studies accelerate depreciation deductions, reduce tax liabilities and increase cash flow by identifying an asset’s cost basis, property class and recovery period.