In this episode, Arthur and Kim Lochridge discuss various aspects of tax services, focusing on real estate investment, bonus depreciation, and cost segregation. Kim shares insights on the recent changes in tax laws, particularly regarding bonus depreciation and its implications for real estate investors. They explore specific tax strategies for car washes and gas stations, the importance of proactive tax planning, and the future of CPAs in the industry. Additionally, they highlight emerging trends in residential assisted living and the significance of referral networks in tax services.Chapters

00:00 Introduction to Engineered Tax Services

01:46 Understanding Bonus Depreciation Changes

04:40 Exploring Tax Code Gems: Car Washes and Gas Stations

07:26 Capital Expenditures and ISPs

09:48 Identifying Ideal Clients for Cost Segregation

13:18 The Importance of Proactive Tax Planning

17:50 Navigating the Future of CPAs

19:01 Referral Networks in Cost Segregation

20:45 Using Cost Segregation as a Sales Tool

22:22 Trends in Gas Stations and Car Washes

29:13 Emerging Trends: Residential Assisted Living

33:23 Conclusion and Contact Information