Jostens have made significant investment towards energy-efficient improvements at multiple facilities within their real-estate portfolio along with recent new real estate acquisitions. Through a blended approach, using facility-related tax incentives such as the EPACT deduction and engineering-based cost segregation, members of our staff were able to recognize and reconcile significant cash flow benefits and free up capital for the company. ...
ICS provided services for Zero Mountain. Zero Mountain is a cold and dry storage warehousing company. It stores and ships goods for some of the biggest names in the food industry, and is proud to be the leader in efficient, fully convertible space for both frozen and controlled temperature foods....
ICS is pleased to provide services for Ted Glasrud Associates and its corporate affiliates, which has been a highly successful residential, commercial and industrial Real Estate Development and Property Management firm with its corporate office’s located in Roseville, Minnesota. Ted Glasrud has established an impressive track record in the development, design, construction, management and marketing of commercial and residential properties located in the states of Minnesota and Florida....
The IRS released Notice 2017-6, which better allows taxpayers to take advantage of the Tangible Property Regulations (TPRs). Taxpayers generally are not permitted to make an automatic method change if they made or requested a change for the same item during any of the five tax years ending with the year of change. This effectively prevents taxpayers from using the automatic change procedures to change the treatment of the same item more than once within a five-year period....
The First National Bank Building sign is officially lit after being dark for 10 months. ICS Tax is proud to be a part of this exciting project in Downtown St. Paul....
For many businesses and business owners, the outcome of the 2016 election could be quite rewarding. President-elect Donald Trump proposed $6.2 trillion in tax cuts over the next decade. While it remains uncertain as to whether Trump can get such large tax cuts through Congress, even one controlled by the GOP, Republicans remain committed to overhauling the U.S. tax system in a manner that they think will help grow the economy. Overall, some sort of tax reduction seems inevitable....
Alex Bagne and Mike Piper are heading to Orlando, Florida to attend the annual conference of the American Society of Cost Segregation Professional (ASCSP)....
ICS Tax is looking forward to presenting information regarding Federal tax incentives for the Dakota Electric Association's Commercial & Industrial Fall Meeting on November 3rd. The DEA is a member-owned, electric utility with more than 100,000 members and ranked among the 25 largest electric distribution cooperatives in the nation....
The IRS released final regulations concerning the application of the R&D tax credit to “internal use software” (i.e., software which is developed by or for the benefit of the taxpayer). Examples of internal-use software include software for use in human resources, support services and financial management. Software that is not for internal use needs to meet a lower threshold to qualify for the credit. These final regulations also include examples to illustrate the application of the process of experimentation requirement to software....
Alex Bagne and Mike Piper presented tax planning strategies specifically for the construction industry at the Columbus Contractors Network's Construction Success workshop....