ATLANTA, Ga., July 8, 2019 (SEND2PRESS NEWSWIRE) — Nationwide tax specialty firm KBKG announced that their Principal, John W. Hanning, was recently elected President (2019 – 2021) of the American Society of Cost Segregation Professionals’ (ASCSP) Board of Directors.
Cost Segregation is a strategic tax planning tool commonly utilized in the real estate industry to accelerated depreciation deductions and increase cash flow. In order to claim the deduction, a third-party engineering firm must perform a study to review and analyze a building’s structural components.
The ASCSP is a national organization founded in 2006 to address a growing need for credentials, technical standards, education, and a stringent code of ethics among cost segregation providers. The emergence of the ASCSP has given taxpayers an excellent way to make an informed decision about choosing a cost segregation provider through the identification of Certified Cost Segregation Professionals (CCSP), the highest credential in the cost segregation industry.
KBKG has a long history of support for the ASCSP. The firm’s cost segregation engineers are expected to earn the ASCSP certification as they acquire the necessary experience and expertise in their careers.
“I am honored to have been elected by my peers at the American Society of Cost Segregation Professionals (ASCSP),” said John W. Hanning, CCSP, MBA. “The commitment to ethics and professionalism that ASCSP upholds is one that I am proud to support through this new leadership role. I look forward to the opportunity to serve and promote the benefits of using certified cost segregation professionals.”
Hanning leads KBKG’s Southeast practice comprised of a team of engineers and specialists based out of the firm’s Atlanta office. As Principal, his primary responsibilities include assisting capital-intensive clients with value-added services relating to Cost Segregation, R&D Tax Credits, Green Building Tax Incentives, and more. Hanning began his service to the ASCSP as an active member of the Education Committee, where he co-authored the Senior Exam Study Guide in 2012. From 2017-2019, he served as treasurer on the Board of Directors.
Established in 1999 with offices across the US, KBKG provides turn-key tax solutions including research and development tax credits, cost segregation, and green building tax incentives, and more to CPAs and businesses nationwide. KBKG Atlanta is located at 44 Milton Avenue, Suite 101, Alpharetta, GA 30009. Learn more at: https://www.kbkg.com/
News Source: KBKG