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Discover Hidden Tax Benefits with Cost Segregation
At CMG Group, we are committed to maximizing your business's financial potential. We understand that every penny counts, and that's why we are thrilled to introduce our latest service: Cost Segregation. This powerful tool allows businesses to uncover hidden tax benefits and increase cash flow, ensuring you keep more of your hard-earned money.
What is Cost Segregation?
Cost Segregation is a strategic tax planning tool that identifies and reclassifies personal property assets to shorten the depreciation time for taxation purposes, which results in reduced tax liability. In simpler terms, it means putting money back in your pocket sooner rather than later.
Why Choose CMG Group for Cost Segregation?
Navigating Taxes, Maximizing Returns
Choose CMG Group for Cost Segregation and benefit from a team of experts with years of experience in navigating complex tax landscapes. We are your trusted partner in discovering the full potential of cost segregation, ensuring you receive the maximum benefits legally possible.
Our service is tailored to fit the unique needs of every business, whether you're a small startup or a large corporation. We customize our approach to ensure you get the most out of your investment. Many businesses are unaware of the significant tax savings that cost segregation can provide, but our dedicated team will conduct a thorough analysis of your assets, identifying opportunities to accelerate depreciation and reduce your tax burden. Don't leave money on the table—let CMG Group help you uncover hidden savings.
Our Seamless Process
CMG Group will handle your claim in three easy steps, resulting in the maximum funds recovered on your behalf.
1. Schedule a free qualification call and verify eligibility
Book a consultation with one of our ERC consultants to confirm if your business qualifies and receive a list of documents and items that you will need to send back to us.
2. Review documentation
and file claim
Once we receive all required documents, our team of experts will evaluate and analyze your documents. With your approval, we will file your claim with the IRS.
3. Receive funds that you don't have to pay back!
Once your claim is processed and approved, your funds will be released in the form of a check from the IRS.
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How much can I receive?If your business qualifies for all quarters, you could receive as much as $26,000 per employee.
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Do we still qualify if we already took PPP?Yes. Businesses can now qualify for the ERC under the Consolidated Appropriations Act, even if they already received a PPP loan. Please note, the ERC will only apply to wages not used for the PPP.
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My accountant told me that I don't qualify. Do they understand the law has changed?The ERC credit is taken on your payroll returns and not through your business income tax returns, which is typically what most CPA's handle. Our tax consultants have years of payroll experience, which enables us to focus on understanding and maximizing the ERC program. Additionally, changes to the Care Act have qualified previously unqualified businesses.
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Can we still qualify if we remained open during the pandemic?Yes. You can still qualify if your business meets either one of the following criteria: Experienced a decline in gross receipts by 20%, or Had to change business operations due to government orders. (Various items are considered as changes in business operations, including shifts in job roles and the purchase of extra protective equipment.)
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If I've already filed my business's 2020 and 2021 federal payroll taxes, can I still receive the ERC?Yes. Businesses can apply for the ERC retroactively - even after filing taxes. Your credit may be applied to your tax bill or result in a refund of tax money paid during the applicable quarter or other designated payroll tax period.
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Do you charge for the ERC process?There are no upfront charges or feeds to determine your ERC eligibility. Once your credit is successfully processed with the IRS, our fee for service is customized to your financial situation. Your dedicated ERC consultant is happy to provide more information depending on your business qualifications.
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Do I have to repay the ERC credit?No. The ERC credit is not a loan. It is a refundable tax credit. When we file your ERC claim, we request a refund check for you.
