At the Cherrytree Group, we understand tax credits are a bit of a “dense” topic. And we also understand that many real estate developers and investors don't always know where to begin to find out if they might be a candidate to take advantage of the various Federal and state tax credit programs. That’s why [...]
Brand identity is a big part of effectively doing business today. More than ever, customers are interested in what your brand says, what your values are, how you communicate your product and how you want people to feel when they interact with it. When it came time for the Cherrytree Group to find a larger [...]
As a result of the Covid-19 pandemic the IRS extended the deadline to file tax returns and make tax payments from April 15, 2020 to July 15, 2020. IRS added to those earlier Notices by issuing Notice 2020-23, which allows for certain taxpayers to have more time to invest "eligible gain" into a Qualified [...]
There are a number of provisions in the new Coronavirus Stimulus package that affect the methods for depreciation of real estate assets for tax purposes — and these changes are likely to be significant for our industry.
These are scary and uncertain circumstances that we are living through. The speed with which the Coronavirus took over our lives is truly transcendent and unparalleled, causing us to face overwhelming challenges. However, on a day when there was snow on the ground in March and Tom Brady announced that he is leaving the Patriots, you wonder how we could extract some positives from our current lives.
First and foremost, our hearts go out to everyone who has been affected by the coronavirus (COVID-19) pandemic. It is important to us that we maintain a healthy environment for our employees, clients, colleagues, family and loved ones. We need to work as a team to do our part to "flatten the curve" thus leading us to [...]
Unless you happen to earn your living in the financial planning field, you maybe be only slightly aware of the monumental nature of the changes to the IRS’s tax reform passed by Congress in 2017. How big were those changes? It was the first time in over 30 years that truly significant tax relief could be contemplated by [...]
The Cherrytree Group has recently created two Qualified Opportunity Zone Funds. The funds employ a unique strategy to generate higher returns by layering the benefits from investing in an Opportunity Zone with the benefits from utilizing tax credits.
Over the past 12 months, The Cherrytree Group helped investors and developers identify ideal opportunities for safe, stable growth. Where did the year 2019 take us at the Cherrytree Group? Well, we made our first forays into states in the Southeast and Midwest — and closed on our first hybrid historic-low income housing tax credit [...]
“The timing is right. It’s the right project with the right people. We are bullish on this project. And we are bullish on downtown Springfield.” —Gov. Charlie Baker, from The Republican newspaper One of the fundamental principles behind state and federal historic tax credits is to provide both developers and investors with the financial leverage to re-energize America’s small [...]