AUT23SS03. Gear Up for Tax Savings: What Professionals Must Know in 2023, presented by Capstan

These days, everyone is looking to improve cash flow. Many dealers have successfully increased revenue by decreasing their real estate tax burden. This session will explore a variety of tax savings strategies that fully leverage current legislation – cost segregation, bonus depreciation, Section 179 expensing, and more. A case-based learning approach will be utilized to demonstrate the potential scope of savings and the importance of strategic timing.

PLUS – A brief discussion of how dealers can take advantage of the R&D Tax Credit.

Learning Objectives:

• Recognize the utility of cost segregation as a vehicle for savings throughout the life cycle of a dealership
• Indicate how strategies like Section 179 Expensing, Bonus Depreciation, the Tangible Property Regulations (TPRs) and Energy Incentives all contribute to a comprehensive tax strategy
• Use an Auto Dealership Depreciation Decision Tree to guide depreciation treatment