Associate - cost segregation

R&D Staff Associate

Description

The TCIA (Tax Credits & Incentives Advisory) Practice is comprised of a diverse group of tax professionals with numerous years of experience, who help clients with expert tax planning. The group offers unparalleled knowledge and service in the area of tax credits and accounting methods and helps companies identify and realize value-added opportunities.

We are currently looking for a Staff Associate to assist us in our R&D practice leading software project calls and drafting technical project write ups.

What does your day look like?

• Assist in providing tax consulting services as it relates to the Research and Development Tax Credit
• Understand common software development methodologies, programing concepts, architectural design patterns, and popular computer software terms, such as programming languages, backend database schema, messaging ques and techniques, etc.
• Assist with technical interviews, within the context of Section 41 to gather qualitative details as to how client’s work meets the definition of qualifying research activities
• Review technical documentation to draft project narratives to document how client projects meet Section 41 guidelines
• Work with team members to scope Research Tax Credit benefits, conduct Research Tax Credit studies, perform tax technical research, and interact with clients in a wide range of industries

TCIA Senior Associate

Description

The Tax Credits & Incentives Advisory (TCIA) Practice is comprised of a diverse group of CPAs and tax law experts with numerous years of experience, who help clients with expert tax planning. The group offers unparalleled knowledge and service in Energy (ITC / PTC / 179D), Cost Segregation and Accounting Methods, State C&I, and R&D tax credits, helping companies identify and realize value-added opportunities.

Tax Credits & Incentives Advisory Senior - Cost Segregation

As a Tax Senior in our Tax Credits & Incentives Advisory (TCIA) Practice, you will work with an excellent team of CPAs, engineers, and tax law experts. The group offers unparalleled knowledge and service in the area of tax credits and accounting methods and helps companies identify and realize value-added opportunities.

About TCIA:

Tax Credits & Incentives Advisory (“TCIA”), within Cherry Bekaert’s Strategic Tax Advisory practice, is a quickly growing group generating more than $20 Million in annual revenue for the firm. TCIA provides the following services to its clients:

• Cost Segregation Services
• R&D Tax Incentive Services
• Fixed Asset Services
• Site Selection Services
• State Credits & Incentives
• Employee Retention Credit Services
• Energy Tax Consulting
• Section 179D
• Section 45L
• Investment Tax Credit and Production Tax Credits
• Inflation Reduction Act application-based incentives

What does your day look like?

As a Senior Associate in the Strategic Tax Advisory Practice, you will work to manage and execute cost segregation, fixed asset review, and other property related offerings for our clients. Daily tasks include separating the cost components of a building into their proper asset classifications and recovery periods, identifying assets that were capitalized with improper tax lives.

Responsibilities:

• Report to the leader of the TCIA practice as well as other Partners and Directors who make up an integrated team providing credits and incentive (“C&I”) offerings to our clients.
• Work with new clients as well as core tax and audit partners to articulate the value of a Cost Segregation Analysis.
• Performing site inspections of client properties to take detailed measurements, photographs, and notes of the various components of the property for IRS audit substantiation purposes.
• Costing of all components of architectural, site, mechanical and electrical construction utilizing historical cost databases such as RS Means as well as industry accepted techniques and methods.
• Work closely with other leaders in TCIA to discuss R&D, ERC, Energy, and other incentive opportunities to our clients.
• Analyze construction general ledgers, contractor payment applications, and other cost/financial documentation, and reconciling the information to various accounting records.
• Review fixed asset registers to assess whether any fixed assets may be reclassified through a method change to a more appropriate tax recovery period.
• Prepare schedules that support findings in accordance with IRS standards.
• Meet client expectations by adhering to pre-established deadlines.

Ideal Qualifications:

• 2+ years of experience in public accounting
• An understanding of construction design and processes, as well as depreciation, to determine the appropriate tax lives for building assets in accordance with IRS standards.
• A working knowledge of blueprint reading/estimating software such as BlueBeam.
• A working knowledge of software tools such as SegStream.
• Knowledge of real estate appraisals and valuations.
• A knowledge of IRS code sections, court cases, revenue rulings and other tax citations related to cost segregation.
• Excellent Microsoft Office skills - Excel, Word, Outlook, etc.
• Ability to manage multiple engagements and complete projects in a rapidly growing, fast-paced, interactive, results-based team environment.

Required Qualifications:

• Bachelor’s degree in accounting, engineering, or related field.
• Minimum of 2 years of experience in federal tax compliance or tax consulting services.
• Desire to participate in strategic planning initiatives.
• Strong project management and organizational skills.