Vascodagama Online Journal

Paragon International to Participate in Multifamily Development Event

 Breaking News
  • No posts were found

Paragon International to Participate in Multifamily Development Event

April 19
17:20 2023
Developers, Owners and Investors Can Meet with Paragon to Discuss Key Tax Reduction Strategies at The Multifamily Forum: Midwest.

Schaumburg, IL, USA – April 19, 2023 – Paragon International, a leading provider of Sage Fixed Asset Management Software, physical asset inventory services, fixed asset valuation, cost segregation, purchase price allocations, and cost reconciliation studies, announced today that they will be participating in The Multifamily Forum: Midwest, April 27 in Chicago.

Paragon International will be available at the forum to discuss tax reduction strategies for developing, renovating and investing in multifamily units. The Multifamily Forum: Midwest brings together the most active multifamily developers, investors, owners and operators in the region to create a marketplace for learning, discovery, networking and deal making. This year, they will look at new challenges and opportunities in the apartment industry in Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri, Ohio and Wisconsin as well as the burgeoning single family build to rent sector.

“We are pleased to participate in The Multifamily Forum: Midwest, which has consistently brought together 400+ multifamily players since 2013.” said Rick Swarts, CEO of Paragon International. “As experts in cost segregation, we appreciate this opportunity to join with influential individuals across the industry, to help maximize tax benefits and increase ROI.”

Drawing on their extensive experience of tax reduction in the building industry through asset allocation, Paragon International will meet with multifamily developers, investors, owners and operators at the forum to discuss options for reducing income taxes, increasing cash flow, and accelerating ROI by taking advantage of engineering-based and Fair Value appraisals that segregate depreciable personal property assets from real property. The personal property classification is eligible for bonus depreciation and shorter tax lives, thereby increases tax write offs and generates cash flow. This approach can identify 15-25% of typical construction cost or acquisition price as Section 1245 Personal Property eligible for 5-year DDB depreciation deductions, of which 52% is deducted in the first two years, or 80% bonus depreciation if acquired or capitalized in 2023.

Attending The Multifamily Forum: Midwest? Schedule your one-on-one with Paragon International to discuss how you can leverage the latest IRS tax codes and hospitality multifamily-industry tax benefits to cut costs significantly.

About Paragon International

Serving clients since 1985, Paragon International, Inc. provides independent, impartial and accurate cost segregation analyses, and property valuations and appraisals to assist in and support decisions related to taxes, risk management, investment, financing and corporate planning. Our consultants have extensive fixed asset experience – they’re fixed asset experts. Because of that we are able to offer a unique combination of irreplaceable human resources and advanced technology. We have specialists experienced in valuing closely held securities, patents and other intangible assets, business enterprises, buildings, equipment and real estate. In addition, Paragon provides complete asset inventory and management solutions. We are a certified Sage Fixed Assets Business Partner, assisting with software implementation and training, barcode labels and scanners, data conversion and ERP integration. Contact Paragon International to discover how we can help you.

Media Contact:

Scott Swarts for Paragon International
[email protected]
(877) 824-6834

Media Contact
Company Name: Epic Sky Inc
Contact Person: Brian Dunn
Email: Send Email
Phone: 708-287-7773
Country: United States
Website: http://www.epicskymarketing.com