Posts by BRAYN Consulting, LLC
Soft Costs: Depreciable or Not?
by Eric Rader, EIT, Engineering Associate What soft costs should be included in the depreciable cost basis? This is a very common, and confusing, issue for many property owners. A variety of soft costs can be accrued over the course of constructing a new building, renovating an existing building, or the acquisition of a property.…
Read MoreThe Five W’s of 179D
The 179D Commercial Buildings Energy Efficiency Tax Deduction is a tax incentive meant to reward designers, contractors, and business and building owners for engaging in energy efficient design practices.
Read MoreHow an Engineer Can Impact Your R&D Study
By Brady Bryan, JD, CEO and Robert Henry Wallace III, EIT, Engineering Associate For those who are unaware of the R&D Tax Credit, you have come to the right place. For those who know about the credit, you have also ventured to the right place. The Credit for Increasing Research Activities has rapidly become an…
Read MoreJoin us in welcoming Robert Henry Wallace III as our newest BRAYNiac
BRAYN Consulting is pleased to welcome Robert Henry Wallace III to our team as an Engineering Associate. Robert comes to us with experience in R&D, 179D, and Cost Segregation. He has a degree in Petroleum Engineering from Houston University. Robert will be working with the BRAYNiacs on R&D, Cost Segregation, 179D, and 45L tax incentive…
Read MoreBRAYN Consulting welcomes, Austin Bewley to the team!
BRAYN Consulting is pleased to welcome Austin Bewley to our team as an Engineering Associate. Austin is a recent graduate of the Colorado School of Mines. He will be working with the BRAYNiacs on R&D, Cost Segregation, 179D, and 45L tax incentive studies. Watch this video to learn a little about this great new addition…
Read MoreWhat is Research and Development?
The average individual may think of white lab coats, beakers, and graduated cylinders when they hear R&D. However, the tax code and the law describe a much more expansive definition of research and development.
Read MoreR&D Tax Credits are worth 21% more in 2018
Since the corporate tax rate was reduced from 35% to 21% starting in 2018, the federal R&D tax credit has increased by about 21%. This is because businesses are required to either reduce their business deductions by the amount of the gross R&D credit or make a “reduced credit” election in accordance with Internal Revenue…
Read MoreMaking Life Easier for Our Clients!
At BRAYN, our internal goal is to make life easier for our clients. The Payroll Tax Credit – Challenges and Solutions The Payroll Tax Credit (PTC) is a powerful new tax credit for start-ups. Companies performing R&D, who have less than $5M in gross receipts, and no gross receipts prior to the last 5 years,…
Read MoreNew Tax Bill Increases Opportunities for Saving Money on Real Estate Investments
Tax reform is now law and, in the world of real estate and construction, there are major implications to CPAs, finance professionals, property owners, and real estate developers. The new law, titled the Tax Cuts and Jobs Act, made changes that significantly affect building construction and renovation projects, as well as property acquisitions. Qualified Improvement…
Read MoreR&D Tax Credits and Work Performed Under Contract for Architects & Engineers
Many owners, officers, and CPAs of architecture and engineering (A&E) firms are unaware that they are eligible for valuable federal and state Research & Development (R&D) Tax Credits. However, due to the expansive definition of R&D for tax credit purposes, many of the day-to-day design and engineering activities performed by A&E firms often qualify for…
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