Business Owners Get Tax Incentives and Expense Reductions during the Fifth Season of the Year.

Wait a minute, I thought we only had four seasons? Well if you live in Minnesota or Wisconsin we have Winter, Spring, Summer, Fall and Road Construction in there somewhere. But today I'm talking about a "real fifth season" and it's this: "Get out and enjoy the weather when you don't have to freeze" season! 

OK, I understand. Many of us business people enjoy these times with our families and friends to get some real R & R. But it's also a great time to check on your R&D Credits that you may have coming to you among all the other tax incentives and expense reductions.

Why wait until March or April 
to do this? 

Avoid last minute rush so you can be stress free! If your business is located around or near Duluth MN or Superior WI I can see you personally for about 15 to 30 minutes to "run the numbers" and see your potential benefit, or we could do a screen share or I could send someone to your place from my team of professionals.



(BTW, if you are in the financial services, insurance or business consulting services and have a genuine desire to help business people, I may still have a location open for you. CLICK HERE).

Here's what we can do for you, the business owner! 

CHECK HERE to do a quick calculation of your END OF YEAR REFUND estimate.

CHECK HERE to see how much your estimated WOTC credit will be depending on the number of new hires you'll have this year.

·         WOTC Credits: https://gmg.me/251784

·         SPECIALIZED TAX INCENTIVES

Our Proprietary App has helped agents deliver over $300M in Local, State, and Federal Tax Incentives to their clients. Our Industry Experts work with your clients to discover which incentives they are eligible for. Fees are based on a percentage of savings.

·         CREDIT CARD MERCHANT AUDIT

Our Credit Card Merchant audit helps organizations reduce payment processing expenses. Our proprietary tools audit and analyze credit card processing and provide transparency to merchant fees and statements. YOU DO NOT SWITCH! Fees are based only on a percentage of savings.

·         WASTE AND RECYCLING AUDIT

Our analysis includes finding loopholes by conducting a thorough review of your property, past invoices and pricing schedule. Whether the property is located in a city with set pricing or an open market, we know what it takes to uncover big savings.

·         WORK COMP INSURANCE AUDIT

70% of all employers have overpaid on their Workers' Compensation premium costs. Our team performs a review to determine if there is a significant opportunity for a lower rated classification as they are typically determined by insurance company underwriters.

·         PARCEL SHIPPING EXPENSE AUDIT

Our audit software automatically downloads carrier invoices and secures refunds for clients. Our processes are not intrusive. We currently have an annual audit volume of $1.6 Billion Dollars and our billing is based on a percentage of received refunds.

·         Unique branding/positioning products & services

State of the art marketing services to assist you in branding your company locally, regionally and worldwide.

We offer a variety of unique and customized services for business owners which set them apart from others in their industries giving them an “unfair advantage” keeping them profitable; allowing them to fulfill their objectives and goals.



Register for the HI VIZ BIZ Workshop and get all the Freebies even if you do not attend!


I’m in the middle of attending a Marketing Summit and can’t wait to use what I’m learning to better help my clients (I invest the big bucks so my clients don’t have to).

I wanted to take a moment during the break to remind everyone about my one day Hi Viz Biz Workshop which will be presented in the Duluth MN area (location to be announced) on Tuesday, August 22, 2017.  It will be $147, run from 9 a.m. until 4 with 90 minutes off for lunch and completing a creative “assignment”. Attendees will also get 30 minutes via phone consultation.



We’ll cover the various ways to create HI VIZability for your business both offline and online for free or close to free. Even if you’ve been in business for years you’ll still want to attend because I will offer a twist on marketing as you know it.

If you are considering attending or just want some really great marketing coaching that I’ll be doing online every week; all the way up to the event, register with your name and email. 

BTW, this will be the only form of communication I’ll use to let you know where the location is, what discounts will be available (if any) and bonus offers, videos, papers, etc.

So if you think you’ll attend or not, I recommend that you register anyway (scroll down to the form below) and get all the freebies I’m offering. We’ve got 7 weeks before the event so the sooner you register and get in, the more awesome marketing ideas you are going to get and extras prior to the event!

On my site terscott.com, I explain how I am all about Money, Marketing and Motivation. To be successful in creating money; notice I used the word “creating” right there, one has to market smartly and successfully and to do that one needs to be motivated; all three work together. You are going to learn how to be motivated to market your business and make money! 

As always,
Make it a great day!

Ter Scott!

Bricks to Clicks Marketing Consultant

PS. Are you a business owner who doesn't want anything to do with marketing? Delegate this to your general manager or marketing person.




* Required Free Contact Form

How can I find out if my Business was overcharged in Real or Personal Property Tax?

Property Tax
Reduction Mitigation
Property Taxes make up over one-third of taxes paid by U.S. Businesses and 
are often overcharged by 15% - 20%. 

WERE YOU OVERCHARGED? 

As far back as 1796 there has been some level of property tax in the United States. By 1900, more than half of the states enacted clauses that required taxation of property. Over the past hundred years, local governments, municipalities, townships, school districts, and other bodies have enacted specific methods for the calculation of property tax in their jurisdiction. This has led to innumerable protests and legal mitigations that continue to this day.

Any Commercial Property Owner 
who pays over $50,000 per year in Real or Personal Property Tax 
is worthy of a free review to determine potential reduction opportunities.

The immediate benefit is the reduction of taxes owed and the potential of refunds on prior taxes paid. The future benefits would similarly be a reduced tax burden going forward, producing an increased cash flow for the business.

HERE'S WHAT WE CAN DO FOR YOU...


Our experienced team of professionals in mitigation, valuation, assessments, and law will work on your case to identify any potential opportunity for refunds and/or reductions in your current property taxes. We perform all the work on your behalf until savings are captured, including partaking in hearings and filing necessary paperwork. We act as an extension of your company toward the governing property tax bodies.

BOTTOM LINE: Let's find out if you and your business is part of the one third who paid too much. We will do a free review. 

A simple contingency engagement with us will get the ball rolling. We will collect your most recent property tax assessment as well as an authorization for us to work on your behalf. We then go to work for you! When we procure a savings/refund for you, our fees will simply be a percentage of what you receive as a result of our work.
The initial consultation is a simple and quick process. To schedule your consultation,
please contact us.
Avoid the rush of when everyone is doing taxes. We can do a free review to determine potential reduction opportunities for you any time of the year. 
Also, if you hire even one employee, you are probably one of the 99.9 percent of business owners who are missing out on this tax credit. CLICK ON IMAGE to find out how much! 


Financial Professional, Insurance (Life & Health) Business Consulting and Real Estate Professionals Earn Substantial Income with us!

Business Professionals Add our Proprietary Tools to Your Arsenal



We have limited location availability in all 50 states for businesses involved in legal, Financial Professional, Insurance (Life & Health) Business Consulting and Real Estate Professionals. Read on, you’ll be glad you found us…

·         We'll bring your clients hundreds of thousands of dollars in revenue with zero up front fees.
·         Gain access to a direct mail lead generation program to sky rocket your sales.
·         No other company in the world has as many cutting edge services to offer.
·         Manage your entire business from our provided hi-tech marketing portal.

We are a nationwide company with online training and the state of the art technology that is helping businesses like yours to be more successful! Don’t change what you love and do, just add our services to it and separate your business from the competition!

·         WOTC Credits: https://gmg.me/251784

·         SPECIALIZED TAX INCENTIVES

Our Proprietary App has helped agents deliver over $300M in Local, State, and Federal Tax Incentives to their clients. Our Industry Experts work with your clients to discover which incentives they are eligible for. Fees are based on a percentage of savings.

·         CREDIT CARD MERCHANT AUDIT

Our Credit Card Merchant audit helps organizations reduce payment processing expenses. Our proprietary tools audit and analyze credit card processing and provide transparency to merchant fees and statements. YOU DO NOT SWITCH! Fees are based only on a percentage of savings.

·         WASTE AND RECYCLING AUDIT

Our analysis includes finding loopholes by conducting a thorough review of your property, past invoices and pricing schedule. Whether the property is located in a city with set pricing or an open market, we know what it takes to uncover big savings.

·         WORK COMP INSURANCE AUDIT

70% of all employers have overpaid on their Workers' Compensation premium costs. Our team performs a review to determine if there is a significant opportunity for a lower rated classification as they are typically determined by insurance company underwriters.

·         PARCEL SHIPPING EXPENSE AUDIT


Our audit software automatically downloads carrier invoices and secures refunds for clients. Our processes are not intrusive. We currently have an annual audit volume of $1.6 Billion Dollars and our billing is based on a percentage of received refunds.


Is Your Area and Industry Type still Available? 
Find out by completing form


Businesses All Over America Have Been Affected by Tax Hikes. Let's get you what you're entitled to...


Our Average Client Receives Over $240,000 in Benefits.
Get an Estimated Benefit in 30 Seconds.


Property Tax
Reduction Mitigation
Property Taxes make up over one-third of taxes paid by 
U.S. Businesses and are often overcharged by 15% - 20%.

Payroll-Based
Employer Tax Credits
Many companies qualify for Federal Tax Incentives 
based simply on the amount of their annual payroll.

Construction &
Purchase Incentives
Commercial Property purchases or renovations within the last 20 years 
can qualify for Federal Incentives.

Get Your Estimated Benefits
within 30 Seconds Here

Car Dealership improvements are eligible for Cost Segregation, and potentially 100% Bonus Depreciation!

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.
    
Cost Segregation Benefit ~ $87K, Cost Segregation Benefit ~ $97K, Cost Segregation Benefit ~ $150K

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.
Many automobile dealerships implement significant renovations as the industry morphs due to technology changes and as manufacturers rebrand.  The goal of the renovations are, of course, to improve top line performance (sales).
Top line goals can effectively be achieved more quickly by capitalizing on the tax benefits associated with the renovations; for instance, it’s not uncommon for $1MM in renovations to conservatively equate to a $60,000 tax related improvement in the bottom line. Given a 10% profit margin, that equates to a $600,000 increase in top line results.
What Tax Benefits?

Tax benefits associated with construction costs can be procured through an Engineering Based Cost Segregation Study. This Study applies tax compliant depreciation time-lines to certain non-structural components. For instance, instead of depreciating carpeting over 39 years as if it were a structural item, it would be depreciated in five years. Many other non-structural building components can be depreciated in 5, 7 and 15 years versus 39 years.
Furthermore, the tax benefits of properly depreciating current renovations can apply to the entire existing facility, including past renovations (see “The #1 Lie About Cost Segregation“).
So, here are the benefits of reducing Federal and State taxable income by safely ‘accelerating’  depreciation on certain building components with a rigorous Study:
§  New renovation, purchase or construction will result in increased cash flow in the first 6 years.
§  Owned for 5 or more years qualifies for all unrealized depreciation carried forward into the current tax year.

From our experience, its not uncommon to document as much as $200,000 in accelerated depreciation per $1MM worth of building; assuming a 35% tax rate, the resultant reduction in taxable income would translate to a $70,000 bottom line improvement.
A project fee for a Study is typically between $10,000 and $20,000 per building, and can depend on property size, construction quality, location, availability of accurate construction documents, other.
So, a $2MM building could provide a $140,000 bottom line improvement; that’s about a 10:1 benefit-to-cost ratio for performing the Study (…and that’s not considering the net cost basis of the Study after writing it off as a business expense!).
In summary, cost segregation analysis is a logical tax strategy dating back to 1959 when the Tax Court first allowed component-based depreciation of buildings (though greatly clarified over the past decade with the IRS’s Audit And Technique Guidelines). Even properties purchased years ago can capture benefit with a very attractive cost-to-benefit ratio for performing an Engineering Based Cost Segregation Study. Any auto dealership whether purchased, constructed or renovated for costs in excess of $500,000 should consider this service.
The above was adapted from an earlier article published by GMG. 
Growth Management Group’s Specialized Tax Group has helped its clients find $300M in benefit through Specialized Tax Incentives. Formed in 2004 GMG’s slogan “Your Growth Is Our Business” is more than just a mantra, it’s a way of doing business. Our entire purpose is to help our clients grow, by creating economic stability and growth nationally through available programs that build business revenues thus creating jobs. With over 500 team members in 40 different states, we stay on the cutting edge of available programs and serve in a wide array of industries. 

FOR MORE INFORMATION CONTACT DETAILS ON THE BUSINESS CARD IMAGE below:  


(For Details about WOTC, Click Here). 

..........................................................

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Visualize any Goal; Achieve any Goal.

7 Days to Setting and Achieving Your Goals

Day 7/Step 7 

Today’s step is probably the most important. It can be fun but sometimes I think that we make this too hard and then we don’t do it. We (myself included) think that we need to see the “completed” picture first but I’ve learned that if I can see just part of the “picture” then it becomes “clearer” as I go along. What am I talking about? I’m talking about “visualizing”.

Visualize both outcome and process


According to research in brain patterns, visualization helps with your goal attainment. It works because neurons in your brains interpret imagery as equivalent to a real-life action, and then primes your body to act in a way consistent with what you want to achieve. By imagining the detailed mental picture of your desired outcome, and visualize each of the action steps necessary to reach that outcome, your brain will help you make a positive and behavioral change that is needed to accomplish your goals.
I use visualizing in preparing for every presentation I do. It’s a great way to know what props and equipment I’ll need so I am sure to take everything and not show up somewhere without something important; it works great. I see myself presenting and make note of all props, equipment I’m using and even things in the “environment” where I’m speaking and jot down notes of what I will need to bring and what is needed to be done by others prior, during and after my presentation.

Of course, this is an example of a very short term type of goal but to me, it is a practical way to see that this works. In the same way, one can prepare for a vacation, an increase in sales within a 90-day stretch or a longer term goal of graduating from college, or a self- administered educational program like learning a language, etc.


I hope you enjoyed these 7 days together and got much from our visits. If you want to start on Day 1 and go through all 7 of these days, CLICK HERE.
Much of this material is based on an awesome program called GoalsOnTrack, which I highly recommend. You can get details about the program HERE.




I look forward to answering any questions you have when you leave them in the comments section below.

Until next time, do well!

Ter Scott!

Life & Legacy Coach ™

There's A Private Online Spying Community That Will Give You The Power To Shortcut Your Success To Making Online Profits 

That It Almost Seems Like Cheating. 

DETAILS HERE.

........................


Is Your Business Getting all the Tax Breaks you are Entitled to?

Business Owner: 

WE GIVE YOU WHAT YOU WANT; WHAT YOU ARE ALREADY PURSUING. WE GIVE YOU THE ABILITY TO TAKE MORE MONEY HOME. WE FIND YOU SAVINGS "ON OUR DOLLAR" AND AT NO RISK TO YOU.

GMG is the Nation's Leading Specialized Tax Incentive Recovery Firm. 
We have secured over $500M for our clients... 

Terry (Ter) Scott is a Senior Agent with Growth Management Group (GMG).

Growth Management Group’s Specialized Tax Group has helped its clients find $300M in benefit through Specialized Tax Incentives. Formed in 2004 GMG’s slogan “Your Growth Is Our Business” is more then just a mantra, it’s a way of doing business. Our entire purpose is to help our clients grow, by creating economic stability and growth nationally through available programs that build business revenues thus creating jobs. With over 500 team members in 40 different states, we stay on the cutting edge of available programs and serve in a wide array of industries.

With over 500 team members in 40 states, we can handle any US based project including large multiple location projects

§  National team of Advisors that can provide an onsite free consultation.
§  National network of CPAs, Builders, Realtors, and Economic Development Authorities
§  Production team made up of the Country’s foremost Project Managers, Engineers, IP Attorneys, Industry Specialists, and Property Tax Attorneys

COST SEGREGATION - R&D TAX CREDIT - WOTC - PROPERTY TAX MITIGATION

  

With a 15 minute meeting we can typically gather enough information about your business to begin the process.

§  Learn About Your Company
§  Identify Potential Tax Incentives
§  Calculate Potential Tax Credit/Incentive
§  Map Out Necessary Steps to Obtain the Benefit


Set up your 15 minute meeting with Terry Scott. CLICK HERE to request information.  

Commercial Real Estate investors are paying more in taxes than they should. Here's how you can STOP!

Correct allocation of real estate depreciation is essential for Commercial Property Investors to effectively manage their tax situation. Are you one of the 90% who are missing out on opportunities that 10% of your competitors are capturing?
Year after year, the Federal Government has continued to incentivize those who invest in Commercial Property. The IRS has established guidelines that, if ignored, cause commercial real estate investors to pay more in taxes than they should.
What guidelines are being ignored by Commercial Property Investors?
Those revolving around Accelerated Depreciation; known in the taxation world as Property Cost Segregation.
Ramifications of Improper Depreciation Allocation
Most commercial property investors do not truly understand the substantial benefits of accelerated depreciation. This is evidenced by our analysis of thousands of depreciation schedules over the years. We have found less than 10% of investors are properly depreciating their properties. The most common misconception is, “I am going to get this money anyway”. Is this a true or false statement?

Let’s investigate…
  1. Capital Gains vs Ordinary Income Rates
    Although the mechanics of these calculations are not always as simplistic as we will be making it for this example, the short response is – increased depreciation leads to paying taxes at the capital gains rate as opposed to the ordinary income rate. Since capital gains rates are likely much lower than the Investor’s income tax rate, they would benefit from accelerated depreciation.
  2. Time Value of Money
    Simply put, your dollar is worth more today than it will be in the future. A tax dollar saved today therefore is worth more than a tax dollar saved in the future. Why lock up a tax savings in your property for 27-39 years when you can receive it today?
  3. Catch-Up Depreciation
    If you have not completed a Cost Segregation study on your property that you have held for a period of time, did you know that you can capture your entire missed benefit immediately? The IRS allows you to complete a 481 adjustment thus enabling you to catch up all the missed accelerated depreciation into the current tax year. This provision alone could save you hundreds of thousands immediately!
  4. The Power of Cash in hand
    You are a real estate “investor”. This means you understand the investing power of having funds in your hand today. Cash today [in the form of tax savings] enables you to invest in additional properties. The benefits of this are exponential and allow continued growth of your investment portfolio.
Correct allocation of real estate depreciation is essential for Commercial Property Investors to effectively manage their tax situation. Are you one of the 90% who are missing out on opportunities that 10% of your competitors are capturing? Click on the image


or complete the form to request details. We find you money or we don't charge a fee! You can't lose; unless you don't contact us! 

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Business Owner and Overwhelmed? This will help.

2.  Balance
This may seem contrary to the first point (READ HERE) , but only doing what we enjoy is unhealthy. Let’s use baseball as an example; if you are amazing as a first baseman then stick to it, hone that skill! That doesn’t mean leaving out all the things you may find lacking in enjoyment. We all see the play on ESPN that makes the highlight reel, but no one talks about the hours of training every day, the routine, diet, coaching, heat treatments, and ice baths that play out behind the scenes. Do you think ball players find that part enjoyable? Remember, there are numerous hours of hard work involved to make up 15 seconds of ESPN fame.
American culture is to avoid the things we dislike. We were not meant to avoid pain, in fact embracing the things we dislike or find painful make the things we do enjoy that much more satisfying. Imagine waking up every day in paradise, after a while every sunset is just a sunset; every wave is just a wave; and the relaxing sound of the ocean…fades away.
3.  Over-commitment
Top performers almost always struggle with this. We thrive on challenge, we enjoy being at the top of our game, and we dislike sitting in the back row whether it be at a networking event, the office, or even at church. This leads to over commitment. Not because we don’t know how to say no, but because we lack the ability to be a spectator. We see everything as what could be, and what we could contribute to it. For years I tried to figure out how to shut my brain off and just enjoy “participating”. Then I realized the real key is accepting the fact that I’m not a spectator and never will be. So, I have to limit the things I put myself in front of. I have to admit to myself, if I even attend a coaching group I will end up leading it. I have to enter every activity understanding that fact before I even choose to participate. I have to ask myself, “Am I willing to dedicate a significant portion of my time to this?” If the answer is no, I don’t get involved.
4. Prioritize
Start your day the right way. Many of us jump right into our email box and find ourselves hours later still trudging away; exhausted and having not completed anything of true importance. That’s because email is the art of fulfilling other peoples’ requests. You have to start your day the right way. List your work, AND THEN work your list. Only after doing this can you take control over your day. Once you have a list you can look through your email for additional tasks (which is all emails really are these days).
PRODUCTIVITY TIP: Now that you have a prioritized list, the old adage of “do what’s most important first” isn’t always the best approach. When looking at your tasks determine which ones will leave you energized, and which ones will leave you exhausted? Arrange your tasks by doing energizing tasks first, and then build from that momentum to tackle more draining tasks. Be honest with yourself, there are some tasks that once completed you are just “mentally done” for the day. I always schedule those meetings/tasks for the very end of the day so that I have the energetic momentum of the entire day behind me backing me up (and so I can go home afterwards, as I know I am going to be “done”).
5. Routine
It takes 21 days to develop a habit and only 2 – 3 to get out of one. You need to have control over your day, something you can rely on. Our minds have to be kick started. We are forced to make hundreds if not thousands of decisions on a daily basis. By having a routine you are telling your brain to fire up and pointing it in the right direction. Having and sticking to a routine naturally leads to a more organized day. Once you have established a routine, it becomes automatic; you will start performing tasks without realizing it. So, you get done what needs to be done even while your mind is occupied with other things.
(This article was previously published by GMG). 

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