MKS&H Articles

Tim Stolz

Tim is a manager specializing in tax and small business advisory with MKS&H. In this position he assists clients with a variety of their tax and accounting needs including tax compliance, tax planning, mergers and acquisitions and month‐end close processes. He assists clients that range from small local businesses to companies with an international presence. Tim holds a master’s degree in federal taxation from American University and a bachelor’s degree in accounting from Towson University. Prior to entering public accounting, Tim was heavily involved in a family owned business regarding accounting and business planning matters.

Recent Posts

How can you save taxes with the DPAD?

[fa icon="calendar'] Feb 7, 2017 2:05:49 PM / by Tim Stolz posted in DPAD, Deduction

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How can the DPAD help construction companies save?

The Domestic Production Activities Deduction (DPAD) is a term that every owner of a construction company should know. It is a free tax deduction that is allowed for any US company that produces goods. While this deduction is often called the manufacturer’s deduction, it truly is much broader than that. Not only do construction contractors qualify for this deduction, but so do those providing architecture and engineering services to construction contractors.

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Are you taking advantage of this huge tax opportunity?

[fa icon="calendar'] Jan 24, 2017 11:30:00 AM / by Tim Stolz posted in tax deduction, Tax Savings, Construction Industry

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When clients call me looking to create tax deductions before year end, I generally deliver the bad news that if they want to bring their taxable income down they are going to have to spend some of their money or at least put it in a restricted account.  This, however, is not necessarily the case with clients working in the construction industry.  Clients in this industry do have an opportunity to create tax deductions for jobs that they have already completed that vastly exceeds any additional cash they will need to spend to create those deductions. 

This elusive opportunity, to magnify the deductibility of cash outlays, is called the “179D Deduction”.  The 179D deduction is available to the owner of a building that meets certain energy efficiency guidelines. More importantly for those of you who own or manage a construction, engineering or architecture firm; the government has the ability to allocate a 179D deduction to a contractor, engineer or architect who designed a newly constructed building or upgraded building system.

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