MS Consultants Opens Virginia Beach Office

MS Consultants, a company specializing in cost segregation studies (CSS) and other tax-saving ideas for real estate owners and developers, has opened an office in Virginia Beach.

The new office comes in response to MS Consultants’ rapid growth as the firm focuses on new opportunities along the East Coast to provide support for clients impacted by the new federal Tangible Property Regulations.

As an established industry leader, MS Consultants specializes in Cost Segregation Studies, energy consulting, §179D analysis, repair vs. capitalization analysis, fixed asset reviews, and much more. All of the services provided by the firm support the reduction of current income tax obligations of real estate owners by identifying and reclassifying personal property assets.

The firm has garnered additional expertise on the complex Tangible Property Regulations, which were issued by the Internal Revenue Service in September 2013. These regulations impact almost all businesses that acquire, produce, replace or improve tangible property.

“Expanding our firm to a multi-location and multi-state division has been a goal since we started in 1998,” says Philip Mann, MP of MS Consultants. “Our services are provided all over the country, but most of our employees are based in our Buffalo and Rochester, N.Y. offices. The Virginia Beach location will allow members of our growing team to be closer to some of our cornerstone clients, and will enable us to start building a strong foundation for future opportunities.”