A PARTNER IN TAXES
We help CPA firms add new revenue to their practice without adding more burden to their team. Solidify your relationship with existing clients while fostering new ones.
Our motto is in our name. Veracity means “truth,” which is one of our core values. We strive to always be honest and forthright in our dealings with vendors, customers and clients. We do what we say we’re going to do.
Most tax professionals have a solid understanding of the benefits of specialty tax services, but do not have the time or resources to complete a full survey themselves. The team at Veracity brings a deep knowledge of cost segregation and fixed asset issues.
Meet your principals.
A. Chris Ostler, CPA
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COST SEGREGATION STUDY
Helping businesses accelerate depreciation to maximize cashflow
Cost segregation studies are based on a detailed process that identifies all the costs associated with a building’s purchase, construction, or renovation. Each cost identified is assigned its shortest possible recovery period per IRS guidelines. This allows owners to increase depreciation deductions, reduce their income tax liabilities and maximize cashflow from their real estate investment.
RESEARCH And DEvelopment tax creditS
Recovering investments in everyday business activities
Formally known as the Research and Experimentation Tax Credit, the research tax credit, or R&D credit, is a tax incentive given to companies who are in the business of developing products that are lighter, faster, more durable, less expensive, more reliable or more precise.
Helping global companies turn their exports into tax savings
IC-DISC is short for Interest Charge Domestic International Sales Corporation. It is a separate legal entity, recognized by the IRS, which is set up for the purpose of taking advantage of certain tax incentives for U.S.-based exporters.
179D Energy tax deduction
Helping companies that go green save green
Commercial buildings that notably reduce their energy and power costs are eligible for a tax deduction of up to $1.80 per square foot. The tax code specifically applies to interior lighting costs, as well as HVAC systems and building envelope systems.