Access Their Entitlements
Normally Only Achievable by Large Corporations
Are You Over Paying on
Your Property Taxes, Credit Cards, Waste & Recycling, Workers' Comp & Shipping? ,
Let us negotiate on your behalf, bring down your expenses and increase your cash flow.
Research & Analysis at no cost. We work on Contingency. We only get paid if we save you money!
Find out what you could be saving....
Have you claimed your local, state and federal tax incentives?
Trillions of dollars remain available, normally only taken advantage of by large corporations due to their complexity and specialized expertise needed to access them..
Fortunately for small and medium-sized businesses, our technologies and support team make it simple!
Not only do we have expertise in various industries and sectors, our support staff is responsive, assisting you through the entire process.
Enhance your profits and increase your cash flow today by accessing 10s of thousands of dollars you are entitled to.
Claim yours - billions of $s go unclaimed each year!
Are You a Profitable
Business Owner?
How is that 401k working for you?
Wish you could have:
A massive cash infusion,
front loaded.
Grow it tax free?
A large Tax Deduction
Your principal and gains protected
Tax free retirement distributions.
Just for you.
(or select who could participate)
Strategically position you business for sale down the road to a key person or outside 3rd Party.
Mitigate Capital Gains taxes.
Contact us today about our proprietary SRP. . You;'ll be sorry if you don't.
(FYI - we can help you with
your 401k too, but this you won't want to miss!)
Through the recently passed American Rescue Plan Act (ARPA), virtually all businesses are eligible for up to $33,000 in tax credit for each employee. These changes are the latest effort to stabilize the economy and provide emergency relief regardless of past programs you may have participated in (including PPP).
CLAIM YOUR EMPLOYEE RETENTION TAX CREDIT
Per the IRS:
“An employer receiving a tax credit for qualified wages, including allocable qualified health plan expense, does not include the credit in gross income tax for federal income tax purposes. neither the portion of the credit that reduces the employer’s applicable employment taxes, nor the refundable portion of the credit, is included in the employer’s gross income.”
Your business has
its distinctive personality and life-cycle,
requiring different strategies
at different stages.
And although,
Business Owners and Businesses
have unique challenges, they also have
unique opportunities.
Although our lives share similar themes,
each person and family
has their own story and needs
at various stages of their life’s journey.
We look forward to hearing
and understanding your dreams and concerns to best take care of you.
We are service driven, not product driven.
Our wide array of products are only our tools.
(see below) to best serve you.
One of the most important and expensive investments into your business
are your employees.
They take time, energy and resources to
recruit, train and integrate.
Executive Benefits and Employee Benefits
can be an effective way to
profit from this investment and retain your most cherished employees.
a very powerful IRS-accepted tax-planning strategy used to accelerate depreciation deductions, producing significant tax deferrals and increasing cash flow, by taking components of a building and depreciating them at a quicker pace.
Do you have a large tax liability? Have you thought of performing a Cost Segregation to reduce your liability? (a tax incentive for commercial property owners or those who have done significant renovations.)
Minimum Requirements:
A property that was purchased, built or renovation the past 20 years with a cost of $250k or more and has paid federal taxes within the last 3 years or plans to pay in the current year.
Not just for New Construction – also for Old Buildings.
Never too early and almost never too late.
We have worked with clients during construction, before purchase – and even before they sale..
Although, any commercial property can qualify and have a very high level of benefit. Some properties have more components that would qualify them at a higher level: Hotels, Medical Offices, Restaurants, Manufacturing Facilities, Shopping Malls, Apartment Complexes, Office Complexes, Grocery Stores, Nursing Homes, Assisted Living Facilities, Charter Schools, Automotive Dealerships, Funeral Homes, Golf Courses, Spas, Gyms and Fitness Centers. and more…
A BRIEF HISTORY:
Since the 1960s, initially only taken by the big 4 accounting firms performed Cost Segregations for their clients. And in 1986, with the repealing of the Investment Tax Credit, ONLY large corporations qualified.
In 1997, HCA (Hospital Corporation of America) won a landmark case against the IRS, and large regional firms began doing Cost Segregations.
Finally in 2004, the IRS issued the “Audit Techniques Guide”, explaining what exactly qualifies and how it qualifies – basically declaring that this is a feasible tax-planning strategy and here is how we would like to see you do it. At this time, GMG began performing Cost Segregations for their clients – offering it to small and mid-sized companies that otherwise would miss out on this credit. Until this point, only the largest companies were taking this credit.
Following 2004, multiple changes have taken place with technology, the PATH Act of 2015 and TCJA of 2017, making Cost Segregation more beneficial and obtainable than ever before. Allowing GMG to make this credit available to the small and mid-sized companies.
In particular, the PATH Act of 2015, really solidified and put Cost Segregation as a permanent part of tax strategy – making it easier to understand and giving it a much higher benefit for clients.
Additionally, technology has allowed us to perform site visits quickly and deliver reports promptly – often in weeks, not months.
We work closely with our clients and their tax professionals, identifying the benefit and properly utilizing it.
How we are different from other firms:
Some of the largest corporations are our clients, but our heart is with the small and mid-sized property owners.
Oh, by the way – we’ll also negotiate your property taxes on your behalf!
Quality products are best with
proper planning, application and integration.
Depending on your needs and objectives, we may assist you with a vast array of
traditional and alternative investments.
You can choose our brokerage services, investment advisory services or both.
Not only for you, but for your business too!
Most small to medium sized businesses don’t take advantage of the tax incentives and tax credits available to them because most tax firms consider them too small to work with.
Therefore we have teamed up with Stryde Solutions / GMG to help you claim your tax incentives which normally only large corporations have access to..
Take 60 seconds
to check out our interactive, proprietary software that searches hundreds of Local, State and Federal Tax Credits
in real time
Whether your needs are simple or complex we partner with the top insurance companies to ensure you & your family, your business and your wealth are protected.
Life. Disability. Health.
Annuity. Long Term Care.
Individual. Group. Executive. Worksite and more…
With so many different types of insurance, you may wonder which to choose.
We’re here to help you make that decision.
With the increasing complexity of the individual/family & Medicare health insurance market place, we are here to help you navigate the confusing terminology and abundance of options.
We look forward to helping you to best ensure your plan covers your doctors, medical and prescription needs.
The employees of our business clients, also benefit from the assistance and care we give to our individual clients and their families.
Depending on your needs and objectives,
we may assist you with a vast array of
traditional and alternative investments.
You can choose our brokerage services,
investment advisory services or both.
Not only for you, but for your business too!
Whether your needs are simple or complex
we partner with the top insurance companies
to ensure you & your family, your business and your wealth are protected.
Life. Disability. Health.
Annuity. Long Term Care.
Individual. Group. Executive. Worksite
and more…
With so many different types of insurance, you may wonder which to choose.
We’re here to help you make that decision.
With the increasing complexity of the
individual/family & Medicare health insurance market place, we are here to help you navigate
the confusing terminology and
abundance of options.
We look forward to helping you
to best ensure your plan covers your doctors, medical and prescription needs.
The employees of our business clients, also benefit from the assistance and care we give to our individual clients and their families.
WOTC / Manufacturing Payroll Credits / Technical Job Tax Credits / Enterprise Zone Credits / Startup Tax Credits / Small Business Tax Credits / Section 41 and more…
We help business owners with over 100 local, state and federal programs…
For a long time, most small and medium-sized businesses gave up on these lucrative incentives due to their complexity and burdensome filing guidelines
until GMG’s proprietary software and responsive support staff made the process manageable, efficient and profitable.
What is WOTC? (Workers Opportunity Tax Credit)
A federal tax credit available to all employers for hiring from certain target groups.
The average benefit for a qualifying employee is about $2400! Up to $9,600 for select categories!
(Our experience is that about 10-20% of those screened, qualify) (Note: W-2 employees only)
Some employees qualify not by who they are but even by who lives with them!
Originally started in the 1940s for Veterans, in the 1970s was opened for ex-felons, welfare recipients. In the 1990s, it qualified for those that face “significant barriers.” After the Great Recession of 2008, it became a program about Job Creation , moving from a little known credit for veterans to a major player for various hiring programs. We expect expansion because of our current economic situation.
In the past, the type of employer that benefited from this was those that hired veterans or hired ex-felons. BUT NOW, all employers are a great fit for Hiring Incentives – as it has been refocused to drive job creation.
Over $1 Billion in credits are claimed each year
We’ve made it affordable for you – even if you hire only one employee per year.
Our software makes it easy to manage, easy to qualify your employee candidate and easy to initiate the filing with a click of a button – our support staff takes it from there.
And our support staff is knowledgeable and responsive, so you don’t have to be the expert. Just ensure the candidate fills out the confidential electronic survey on or before the date of hire, click the button and we’ll take it from there….we prepare a quarterly form for your tax professional to file..
Allows you to pre-screen candidates before you hire!
Our AI predicts the likelihood they’d qualify. Instant updates on any device..
(Side benefit: Our software helps you manage your hiring process.)
NO Screening Fees. NO Quarterly Fees. NO Document Correction Fees.
Just a nominal, flat monthly software subscription fee (month-to-month)
and only 15% of your benefit when you receive the credit..
Speak directly with our support staff and live chat!
Great for multiple locations!
Employers need to know that Form 8850 needs to be filed within 28 days – and that’s why you want to work with us!
The Manufacturing Incentives benefit is a Federal program designed for Companies that perform Manufacturing in the U.S. This program is listed under Section 41 or the IRC (Internal Revenue Code) and continues to be amended on an annual basis as the U.S. Manufacturing landscape continues to evolve. This is an engineered based program that focuses on a company’s operations and processes in order to determine their qualification for incentives. The Manufacturing Incentives benefit provides an avenue to receive ‘tax money’ back from prior years while also reducing current taxable income on a dollar-for-dollar basis.
IMPORTANT NOTE: Section 41 was not designed exclusively for Manufacturers, although they are our most common client for R&D Tax Credits. Qualification is based on activities performed by the company. A full list of these activities can be found in the GMG App by clicking on the R&D Tax Credit.
If fact, Architectural, Engineering, and Construction (AEC) often qualify at much higher rates than traditional manufacturers.
We understand the complexity of these programs, and offer free consultation to assist you in deciding if a study is right for your business. Contact us today for a no hassle, no commitment, no charge review.
The Research & Development Tax Credit was originally enacted as a Federal Tax Program in 1981 and was designed to encourage American investment in innovation. In 2004, tax regulation changes significantly expanded the credit opportunity. Today, the credit is accessible to many small and medium sized companies whose activities include design, manufacturing and process improvements.
Who and what qualifies as research and development (R&D) is much broader than most realize. Activities and costs related with developing or improving a product and/or process often qualify for R&D tax credits. Furthermore, engineering, design, testing, and programming are now included as Qualified Research Activities (QRE). Industries that most commonly qualify are:
What is a QRE?
A QRE is a “Qualified Research Expenditure” as defined by the IRS in Section 41(b).
Basically a QRE is any eligible expenses for the credit, including wages, supplies and contract research expenditures. For most companies, full-time product development engineers’ wages come to mind first and are easiest to recognize; however, a closer look at definitions and examples may lead to the inclusion of additional wages, supplies or contract research.
Below is a list of some tasks that can be performed within an organization that would qualify for the R&D Tax Credit:Manufacturing
The benefits of having an R&D Tax Credit Study performed would be:
GMG utilizes a team of highly qualified professionals including IP attorneys with engineering backgrounds and adheres to the Comprehensive Project by Project Approach methodology as required by the IRS. By following this methodology, we qualify every applicable employee, activity, hour spent and corresponding wage paid in order to maximize the incentive for our client. We strictly adhere to the applicable sections of the code and provide first-in-class documentation to substantiate our findings.
We identify your benefit and work with your tax professional to determine your utilization, as they best understand your particular cirucumstances.
An initial consultation is done over the phone with one of our R&D Specialists to identify potential Qualified Research Expenditures (QRE). If qualifications are identified, GMG will collect an authorization to begin working on the client’s behalf. No fee is charged until credits are identified and utilization is verified with the client’s accounting representation.
The initial consultation is a simple and quick process. To schedule your consultation,
call or text Richard @ (206) 418-6648
“R&D, I don’t think we do that!”
by Ryan Maddock
If, when you hear R&D, you think of people in lab coats tinkering with chemicals, ultra high tech industries and Fortune 500 companies, you are not alone. However, things have changed!
In 2001 the IRS changed the definition of R&D and the changes were so broad that it virtually encompasses all manufacturing or technology organization in some way.
Why is this? It’s because, by and large what do manufacturing companies do? They design new products, improve existing products, come up with new processes, or make improvements to existing processes used to make products. Most of these organizations don’t have an R&D department and probably don’t consider that what they are doing is “R&D”. They are making these improvements and changes because they MUST stay competitive and yet, as the government sees it, “R&D” is exactly what they are doing.
Here are some of the everyday activities that would qualify for the credit:
So, the next obvious question is…”How do We get some money?” The IRS allows companies to go back three open tax years to take advantage of the credits they may have missed. (Nice of them isn’t it?) Just 120 days after submitting the amended returns, you can get cash in your pocket. Additionally, you can take credits for current and future years if you continue to perform activities that qualify for this credit.
To find out if your organization would qualify ask yourself a few questions:
If you answered yes to all of these items then you definitely need to have an R&D Tax Consulting firm take a look at your organization. You could potentially have a five-figure credit, even higher credits are available for organizations with higher payrolls.
Civil Engineering Firms Losing Out on Millions
by Rayn Maddock
All across the nation, Civil Engineering Firms are consistently missing out on millions of dollars in Federal Tax Incentives!
How?
Simple. Federal Tax Incentives have been crafted, passed, and signed into law making hundreds of millions of dollars available. For some reason, Civil Engineering firms consistently fail to capture the money allocated for them.
Why?
Part of it is the fault of government and their lack of effective naming of the Incentives they pass. The Section 41 Credit is inadequately named the “Research Credit”. This poor title makes it sound like it was created to provide funding for medical laboratories. Fortunately the Incentive is so broad, that almost all U.S. based Manufacturing, Engineering, Software Development, and Fabrication firms qualify for money.
How much is available?
We have found Civil Engineering firms, on average, are able to qualify for approximately 25% of total company payroll. For example, a typical firm with a $2,000,000 company payroll will be able to qualify $500,000 of their payroll toward the Section 41 Incentive. The gross benefit of this would be anywhere from $25,000 – $50,000 per year (and firms are allowed to go back three open tax years!).
Why doesn’t the CPA just handle this?
To put it bluntly, they are not qualified. Specialized tax incentives such as this are extremely technical and backed by myriads of case law. CPAs do not have the time nor the knowledge to investigate, determine, procure, and defend specialized tax incentives such as the Section 41.
How should Civil Engineering firms determine their qualification?
First off, they should not file another tax return or remit the next quarterly estimated payment until they have consulted a specialist in this area. A true specialist will be able to provide a solid estimate of benefits through a brief phone consultation.
Please do not let the government’s failure to name an Incentive properly keep you from capturing your benefits in full. Nearly all Civil Engineering firms qualify for Section 41 money. If you would like an estimate of how much you are missing out on. Call or text Richard @ (206) 418-6648
technical based firms may qualify even if well below the typical million dollar payroll threshold. The reason for this can be found int he main that the credit is calculated.
The credit is not based on total annual payroll, it’s based on total annual payroll multiplied by what percentage of that payroll is a qualified activity for the credit based on the IRS definition of Qualified Activities (again outlined within the app).
This means that a $400K payroll for a technically based company could yield a higher tax credit (and therefore fee and commission) than a $2.4M annual payroll of a general manufacturer.
Startup Companies and the R&D Tax Credit – The PATH Act of 2015
On Friday, December 18th 2015, the “Protecting Americans from Tax Hikes (PATH) Act was signed into law by President Obama. This law makes billions of dollars in incentives and cost reduction programs available to Startup Companies. The PATH Act instituted the most sweeping tax code changes in 33 years.
Startup Companies Now Qualify The definition of a Startup under the PATH Act is simply, any company formed after 2010 with gross receipts less than $5M in 2016. Qualifying businesses may capture up to $250,000 of incentives and tax credits annually and be able to claim credits against payroll taxes. Companies that don’t meet this criteria still qualify for Federal Tax Credits under the PATH Act with the expanded R&D Tax Credit.
Our Methodology Startup and Tech companies due to their nature should take advantage of Specialized Tax Incentives that are available to offset tax liability. GMG’s expertise lie in programs such as the R&D Tax Credit, Cost Segregation, Hiring Incentives and Property Tax Mitigation. Programs that prior to the
PATH Act were out of reach for small to mid sized companies are now attainable for Startups.
Benefit Prior to The PATH Act companies without income tax liability or companies who fell under Alternative Minimum Tax (AMT) either did not qualify for or had to carry forward R&D tax credits. Now, small businesses qualifying under The PATH Act can capture the R&D tax credit within the immediate tax year against payroll taxes, AMT, or Federal Income Taxes.
A Small Business qualifying under The PATH Act with a payroll of $250,000 would normally have to pay $15,500 in FICA. The available (estimated) R&D Tax Credit of $16,000 would offset their tax liability 100%.
We offer a wide variety of service solutions, to an even wider variety of industries. Our focus is to bring seemingly complex specialized tax incentives to small and midsize business owners, without the hassle. We understand most commercial property owners, manufacturers, and employers are focused on their core business, and often do not have the time or resources to look for available programs.
Our team understands the value of your time, and will work quickly to determine which programs you may qualify for. In as little as 15 minutes we can determine if you qualify for any programs, and even provide an estimate of how much benefit you may be looking at.
From large national restaurant chains, to local dining establishments, there are hundreds of millions of incentive dollars made available by the federal government.
The industry as a whole is currently undergoing significant changes. Major renovations to “modernize” facilities are now commonplace amongst nearly every major restaurant brand. Nearly all of these renovations are eligible for federal incentive dollars. Unfortunately, most of these funds will remain in Washington.
Over the years, GMG has successfully captured millions of dollars for restaurant owners. If you have purchased, renovated, or constructed a restaurant over the past ten years, let GMG complete a free analysis to see how much you are eligible for.
At $240,000, the Hotel & Hospitality industry is currently number two, trailing only the manufacturing sector for largest average savings received per client.
Since nearly all business owners in this industry own their building(s), there is substantial opportunity for both Cost Segregation and Property Tax projects.
GMG is the Cost Segregation and Property Tax Review provider for the Econo Lodge Franchisee Association (ELFA), and has completed studies for nearly all of the major hotel brands across the country.
gmgsavingsDOTCOM/the-medical-industry-and-tax-credits/
The Medical Industry and Tax Credits
What if you were told that you as a Health Care Provider could receive funds for medical equipment, devices, computers, furniture, and other office or medical equipment? You would ask, “How?’. It is a simple process of taking advantage of tax incentives and credits made available specifically to your industry.
The most immediate reply to this statement is, “If it is that simple, why have I not heard about this before?”. Simply put, tax incentives and credits are confusing and most CPA’s are unable to fully capture the available incentives and credits for their clients.
Successful health care providers, from individual practices to large entities, are constantly faced with the decision of when and how to invest in their own businesses. The most important factor being, the total cost of the investment, including the potential tax benefits.
Tax Incentives / Credits Every Medical Facility Owner Should Consider
This is just a short list of possible tax incentives and credits available to Health Care Providers. The easiest way to determine if your organization would qualify for tax incentives or credits is to ask an expert.
gmgsavingsDOTCOM/solutions-by-industry/automotive/
Over the years and throughout the country, GMG has successfully worked with nearly every major automotive dealership brand including niche brands such as Harley Davidson.
If you are like many of our Auto Dealer clients, you have been forced to make significant improvements to your facility. These improvements are generally to your show room, office areas and building facade and are often in excess of $1,000,000. These improvements are eligible for Cost Segregation, and potentially 100% Bonus Depreciation!
GMG also specializes in reducing Property Taxes for Auto Dealerships which are often exorbitantly high due to the large lot size. If you own an Auto Dealership and have not completed an Engineering-based Cost Segregation study or Property Tax Review, GMG would love to work with you.
Over $100 billion is available for U.S. manufacturers.
There is simply no other single industry with this level of available incentives. Unfortunately, small to mid-sized firms are consistently missing out on these funds. Programs such as the Section 41 Research Credit, Cost Segregation, Property Tax Mitigation, Energy EPAct, and others are potentially available to you.
If you are not a Fortune 100 firm, GMG is your specialized tax incentive advocate and will vigorously work to ensure all eligible monies are captured. If you own a manufacturing firm and are paying taxes, it is time to contact us for a free analysis of your available incentives.
Nowadays, minuscule bank returns and a nervous stock market have many turning to other investments. Those placing their hard earned money (and credit) into the world of Commercial Real Estate Investment, need to know their tax incentive options, which mainly revolve around “depreciation”.
Every commercial property should be depreciated properly, especially for those generating positive cash flow. Furthermore, new construction properties over the past few years have additional “bonus depreciation” eligibility as well. At a time when tax rates are increasing, not going after these benefits can be quite costly.
GMG works with Commercial Real Estate Investors across the nation on maximizing tax incentives for their investment properties. If you have constructed, purchased, or renovated, commercial real estate over the past few years, let GMG complete a free analysis to determine your tax incentive opportunities.
Advisor - ChFC, CLU
Richard is a Sr. Advisor with Stryde/GMG with expertise in Cost Remediation and Specialized Tax Incentives.
available from 10:00 – 19:00
Address 3212 River Rd, Frankfort, MI, 49635
Email contact@company.com
