John Belpedio has joined WTP Advisors to lead its national Fixed Asset practice and advise clients on issues surrounding Federal tax depreciation.
He is a cost segregation expert who spent the last 20 years in public accounting, of which the last 10 years were spent as the practice leader of Fixed Assets in the New York metro region.
Capital intensive companies, such as manufacturers, retailers, and utility companies, often look to offset their taxable income in current years with increased depreciation deductions. Belpedio helps them optimize their tax position through varying strategies including accelerating depreciation through cost segregation studies, retroactive cost segregation studies, repair studies, as well as consulting clients in the area of alternative energy sources – credits and/or increased depreciation deductions.
Belpedio’s experience includes both the tax and engineering aspects of fixed asset studies.
“This dual knowledge lends itself to several efficiencies when performing a study,” Michael Minihan, co-founder partner at WTP Advisors said in a statement. “The bottom line is that you need someone like John Belpedio who knows about both areas if you want to maximize your deductions, and firms without this skill might be leaving money on the table.”