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025 | Tax Credits and Deductions - Opportunities to Pursue and Pitfalls to Avoid
Manage episode 415454797 series 3550022
Patrick Lonergan द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री Patrick Lonergan या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal।
Curious about the qualifications for tax credits? We're breaking down the criteria and debunking common myths to help you navigate the tax landscape with confidence.
Host Patrick Lonergan sits down with tax strategy expert Matthew Geltz from KBKG to explore the world of holistic tax planning. With a focus on specialty services and innovative approaches, Geltz sheds light on how businesses and individuals can optimize their tax savings.
Throughout the discussion, Geltz provides invaluable insights into key tax strategies, such as Cost Segregation studies and the significance of creating distinct buckets to maximize deductions effectively. Listeners get to listen in as Patrick and Matthew explore tax credits, including opportunities surrounding energy efficiency initiatives like 179D. They will discuss the intricacies between energy efficient tax credits and deductions. Geltz explains the pitfalls with concepts such as the Employee Retention Tax Credit, offering clear guidance on qualification criteria and potential rewards for eligible businesses.
From understanding the nuances of how to qualify for these deductions and credits and navigating changes in legislation, Geltz and Lonergan provide listeners with actionable strategies to optimize tax planning and capitalize on available incentives.
Key Takeaways:
- Understanding the nuances of Cost Segregation studies
- Exploring tax deductions such as 179D, presents opportunities for maximizing savings
- Distinguishing between tax credits and deductions
- Qualification criteria for tax credits involve both qualitative and quantitative assessments
- Have professionals on your side to stay up on legislative changes, is key to effective tax planning
Resources:
Guest contact: Matthew.gelt@kbkg.com
Visit www.vitalstrategies.com to download FREE resources
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Follow on LinkedIn at https://www.linkedin.com/in/patricklonergan/
Credits:
Sponsored by Vital Wealth
Music by Cephas
Audio, video, and show notes produced by Podcast Abundance
Research and copywriting by Victoria O'Brien
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