Stacey Goodmen Tapped to Lead Corporate Tax Advisor’s Cost Segregation and Energy Incentives Practice
Expert brings more than a decade of experience in tax-related energy and cost savings consultancy work and extends firm’s reach into Charleston market
Charleston, SC (September 17, 2020) – Corporate Tax Advisors (CTA), a specialty firm that utilizes federal and state incentives, credits and deductions to help clients obtain incremental tax savings, announces that Stacey Goodmen has been named director of the company’s Cost Segregation and Energy Incentives practice. Goodmen will be based in the newly formed Charleston, South Carolina location, which expands CTA’s professional network to six markets across the United States.
“As business uncertainties created by the global pandemic converge with transformations taking place in commercial real estate and construction, the need for customized tax-saving strategies has never been greater,” says Mike Woeber, CPA, president and CEO of CTA. “Stacey brings a wealth of real-world experience in these industries as well as a comprehensive understanding of relevant tax laws. She’ll use this unique combination of skills to help clients maximize their savings and credit opportunities while achieving necessary compliance.”
Entering the Charleston market and selecting Goodmen to head the Cost Segregation and Energy Incentives practice exemplifies CTA’s approach to targeted nationwide expansion. It also allows the organization to deliver a more robust portfolio of solutions to complement strategies designed by traditional tax and accounting professionals.
“Stacey is a key addition to both our Southeast team and the company as a whole, ” says Dawson Fercho, partner and cofounder of CTA. “She cares deeply about her clients and has a proven record of innovation and performance excellence. Her leadership, skill set, and business acumen will play a central role in our firm’s continued growth in the region and beyond.”
Under Goodmen’s direction, the Cost Segregation and Energy Incentives practice will assist companies in achieving substantial short-term cash flow improvements by classifying and categorizing their construction or acquisition costs between real and personal property.
Specifically, she and her colleagues will perform cost segregation studies to allocate portions of qualifying building costs to other types of assets with shorter lives, enabling the organization to accelerate tax deductions. CTA will also identify ways to help clients increase sales tax exemptions, lower property taxes, and provide the basis for property record systems.
“The chance to join an organization with an entrepreneurial mindset that’s guided by a customer-centric operating philosophy is an incredible opportunity,” says Goodmen, who has more than a decade of experience conducting cost segregation in the construction and real estate industries. “CTA has progressive plans for the future, and I look forward to helping the company achieve its goals while enhancing the breadth and depth of value-added services for clients.”
In addition to cost segregation studies, the Cost Segregation and Energy Incentives practice will ensure eligible businesses take advantage of immediate tax savings afforded by Section 179D of the Internal Revenue Code. This provision, which was originally enacted under the 2005 Energy Policy Act (EPACT), allows for a tax deduction of up to $1.80 per square foot for newly constructed or improved commercial buildings that reduce energy and power costs.
“Energy efficiency isn’t just a feel-good initiative,” Goodmen says. “It can also provide immediate tax savings. By leveraging all available deductions and incentives, we can help clients keep more of their hard-earned dollars to reinvest in their companies and ensure their businesses are positioned for success, now and in the future.”
Prior to joining CTA, Goodmen served as a financial representative for Consolidated Planning Inc., a comprehensive financial services consultancy located in Charlotte, North Carolina. She also previously spent more than seven years in the Federal Tax Specialty Services practice for a top 20 public accounting firm, and has additional experience as a superintendent for a commercial construction company.
Goodmen earned a B.S., in construction management from Georgia Southern University after serving for four years in the U.S. Coast Guard as a diesel mechanic and later as a marine safety officer. She currently resides in Charleston, where she’s active in numerous social and civic organizations. Goodmen serves as vice chair of Charleston Habitat for Humanity’s board of directors and chairs its construction committee; participates in Project Healing Waters Fly Fishing Charleston, a non-profit group for veterans; volunteers with Operation Home and the YWCA; and sits on the leadership team for the James Island Partners for Success BNI group.
About Corporate Tax Advisors
Established in 2014, Corporate Tax Advisors is a Huntsville, Alabama-based consulting firm that specializes in providing comprehensive education and value-added tax solutions to certified public accountants (CPAs), chief financial officers (CFOs), and tax and real estate professionals. The company, which has a team of professionals in six locations across the United States, designs custom strategies to help clients of all sizes obtain incremental tax savings, credits and deductions through research and development incentives, cost segregation, section 179D energy credits and tangible property regulations. Visit www.corporatetaxadvisors.com for more information.
Liz Oates, Client Development Director