95: Capturing Tax Credits with Jordan Wilson, Corporate Tax Advisors

Jordan Wilson is a seasoned expert in tax credit consulting, currently serving as Director of Business Development at Corporate Tax Advisors (CTA). With a background in payroll, HR technologies, and tax incentives, Jordan specializes in research and development (R&D) tax credits, cost segregation studies, and energy tax credits. His knowledge and practical approach help businesses navigate the complexities of tax strategies to optimize their financial outcomes.

Episode Summary:

Welcome to another episode of Design Development, hosted by Rens Hayes. In this episode, we dive deep into the world of lucrative tax credits with tax expert Jordan Wilson from Corporate Tax Advisors. The episode aims to demystify the often-confusing landscape of taxes for business leaders, especially those in real estate development, design, and construction.

Jordan elucidates the foundational aspects of tax credits, focusing on how these can supercharge a company’s capital for growth. With an emphasis on real estate design and construction, the conversation touches on R&D tax credits, energy tax credits, cost segregation studies, and training and development credits. Architects, engineers, contractors, and business owners in these verticals will find actionable insights to maximize their financial efficiency and foster innovation within their organizations.

Key Takeaways:

• Understanding R&D Tax Credits: R&D tax credits incentivize U.S.-based employers to innovate and improve products or processes, offering significant financial advantages for businesses involved in design and development.
• Difference Between Tax Experts: General accountants and specialized tax consultants serve different roles; specialized consultants focus on high-value tax credits and strategies that generalists might overlook.
• Impact of Section 174: The new 174 legislation requires amortizing R&D expenses over five years, significantly influencing corporate cash flow and tax strategies.
• Cost Segregation Studies: Accelerating depreciation through cost segregation can drastically improve short-term cash flow for commercial real estate owners.
• Energy Tax Credits: With evolving green energy regulations, architects and engineers can use energy-efficient designs to capture significant tax deductions, thereby reducing project costs.

Resources:

• Corporate Tax Advisors: Website
• Books Mentioned:
  • Intangible Enterprise by KP Reddy
  • As a Man Thinketh by James Allen
• Contact Jordan Wilson: jordanw@corporatetaxadvisors.com

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