Jay Sachetti joined Jeff O’Brien, partner at Husch Blackwell and Dyanne Ross-Hanson, president of Exit Planning Strategies talked about the market for mergers and acquisitions, exit planning opportunities for companies that don’t end up for sale and how companies can maximize their eventual sale price during an early October panel at the first Upsize on Tap event at Summit Brewing Co. in St. Paul.
When the state Legislature passed a law requiring employers to provide paid leave and safe time for employees, Justin Bieganek started hearing differing details from friends, colleagues and peers.
Any owner of a commercial building can take advantage of new federal energy-related tax incentives.
The Energy Tax Incentives Act of 2005 contains a $14.5 billion package of tax breaks, says Grant Tentis, a CPA with BPK&Z CPAs & Consultants in Golden Valley.
If you are a manager or owner of a commercial building, you can get significant tax savings by upgrading energy efficiency on your current property or by building new structures that are more energy efficient, Tentis says. The tax break covers only the years 2006 and 2007.
“It’s the first energy tax incentive bill we’ve had for 10 years,” says Tentis. The bill is wide-ranging, but includes incentives for the first time for commercial properties, one for new construction and one for existing construction.
He says clients’ interest in the incentives is rising along with energy prices in 2006. “Now with energy costs going up so drastically, it’s becoming more and more valuable.”
For example, he cites a client that needed to replace lighting anyway in a manufacturing facility, and is now looking to do so in a way that takes advantage of the new law. There will also be incentives for retrofitting federal buildings.
Grant Tentis, BPK&Z CPAs & Consultants: 763.546.6211; gt*****@**kz.com; www.bpkz.com
