Our Firm
About us
ABOUT RAGANO CPA
Ragano CPA PLLC is a national accounting and advisory services firm dedicated to helping entrepreneurial, middle-market companies and real estate syndications achieve their goals. Since our founding, clients have chosen Ragano CPA for our deep expertise and insightful guidance in helping them forge pathways to success, whatever challenges they’re facing.
Ragano CPA offers a complete spectrum of tax, assurance and advisory services, as well as an extensive portfolio of industry-focused practices with specialized expertise for real estate investors and related organizations.
CLIENT-DRIVEN
Understanding our clients’ businesses, helping them identify their needs and meet their challenges, and uncovering opportunities that propel them towards success is Ragano CPA’s mission. Our own success is based on our commitment to building meaningful, trusted relationships with our clients, creating positive service experiences, and delivering unexpected value wherever and whenever we can, while maintaining our professional independence and objectivity.
Ragano CPA is committed to providing the most thorough, insightful, and expeditious service, according to the highest ethical standards.
COMMITMENT TO EXCELLENCE
From the way we service clients to the training and development of our professionals, Ragano CPA is committed to excellence in every aspect of our operation.
Our focus on client success compels us to look beyond the numbers to see the opportunities, challenges, and solutions in every engagement. Innovation, proactivity, teamwork, and open communication are the hallmarks of our approach.
OUR MISSION
Our mission, as an organization of professionals, is to understand the business of our clients, to help our clients identify their business and financial needs, and to provide the services that will help them achieve their business and personal financial goals. We are committed to providing the most efficient and expeditious services, while always maintaining the highest ethical standards.Our focus on client success compels us to look beyond the numbers to see the opportunities, challenges, and solutions in every engagement. Innovation, proactivity, teamwork, and open communication are the hallmarks of our approach.
OUR PHILOSOPHY
At Ragano CPA PLLC, our most important assets are our people and our reputation.
We are committed to excellence, both internally and externally. For this reason, we encourage and invest in the training of our people and in continuing education to further develop their professional abilities. In return, we require that our professionals use their talents to achieve and maintain total client satisfaction.
OUR CORE VALUES
At Ragano CPA we want you to reap the rewards of a culture that promotes daily values and cultivates success.
Ryan Ragano is the founder of Ragano CPA, PLLC. Ryan is a Certified Public Accountant who works with real estate investors, syndicates, property management firms, and Co-op boards to optimize tax positions and streamline accounting and business functions.
Prior to founding Ragano CPA, Ryan Ragano was a real estate tax strategist at PwC. He later spearheaded real estate tax projects for Grassi & Co. He specialized in tax planning for real estate syndicates and private equity funds. Ryan also has experience in IRA strategy, international tax, nonprofits, and trusts & estates.
ACCOUNTING SERVICES
Ragano CPA’s Accounting Services provides the support, objectivity and expertise businesses need to succeed within the context of an ever-changing business landscape. We offer a broad spectrum of accounting, financial, and consulting services across a number of industries to give business owners and managers the insight they need to prosper.
As an independent registered public accounting firm, Ragano CPA provides accounting services to hundreds of companies. At Ragano CPA, we provide our clients with value added accounting and outsourcing services including tax, assurance, and financial services for your business.
TAX, ACCOUNTING, AND CFO
Our team is made up of CPAs, tax experts, and accountants who are experienced with the tax laws all over the United States. Our real estate backgrounds allow us to enhance the value delivered to our clients through each of our service offerings.
TAX & BUSINESS
ACCOUNTING SERVICES
Ragano CPA’s Accounting Services provides the support, objectivity and expertise businesses need to succeed within the context of an ever-changing business landscape. We offer a broad spectrum of accounting, financial, and consulting services across a number of industries to give business owners and managers the insight they need to prosper.
As an independent registered public accounting firm, Ragano CPA provides accounting services to hundreds of companies. At Ragano CPA, we provide our clients with value added accounting and outsourcing services including tax, assurance, and financial services for your business.
ON THE CUTTING EDGE
Ragano CPA’s Accounting Services Group has established itself as an industry leader. We were virtual-based before it was popular!
SCOPE OF SERVICES
As part of the Ragano CPA services team each of our professionals is committed to excellence in client service. We are driven by a set of core values to ensure a positive client experience.
COST RECOVERY & ACCOUNTING METHODS
A holistic view helps you reduce current tax liabilities and capture the time value of money.
Cost recovery and related accounting methods are complicated topics. With hundreds of thousands of pages devoted to court cases and regulations on the subject, it’s no wonder even many sophisticated real estate professionals haven’t mastered the possibilities.
The fact is, a strategic approach to federal and State tax regulations may enable you to defer paying tax and enjoy the time value of money when acquiring, repairing or improving a commercial or residential rental property. As your advisors Ragano CPA tax professionals take a holistic approach to the transaction, improvement or repair of tangible property and how you account for it on your balance sheet.
At Ragano CPA, real estate is our core industry group. We specialize in serving real estate clients large and small – and our people are well-versed in all areas of interest to real property owners, investors, tenants and users.
To better understand how you could benefit, ask us.
COST SEGREGATION STUDIES
A high percentage of clients aren’t aware that it’s possible to accelerate depreciation and defer tax liability until a later date by dissecting your residential or commercial real estate into its taxable components. Instead of depreciating an entire residential property over 27.5 years or a commercial property over 39 years, it might be possible to depreciate some portions of the property over 5, 7, 10 or 15 years. A cost segregation report can be a highly effective strategy for people or entities who are holders, not flippers, of real estate, allowing them to defer portions of their tax liability early on when cash flow can be more challenging. A cost segregation report also allows for correct reporting of partial dispositions of property.
TANGIBLE PROPERTY REVIEWS AND REPORTS
The opposite of real property, tangible property like equipment or office fixtures may not have to be capitalized and amortized over 39 years. Depending on your specific situation, the tax regulations may assist you in taking necessary changes for tenants as repairs instead of improvements, allowing building owners and landlords to recover their costs in as little as one.
PREPARATION OF FORM 3115 – ACCOUNTING METHOD CHANGE
We help you file Form 3115 to gain IRS approval when switching from a cash basis accounting method to an accrual basis method or vice versa. Changes in your depreciation or amortization methods generally do not require approval. If required as a result of a cost segregation study, we will help you file Form 3115 to ensure the resulting changes are properly reflected.
PROJECTED DEPRECIATION REPORT
A projected depreciation report projects looks at asset depreciation from 12 months to several years in the future. The report enables you to plan for your taxable income while holding the asset. This income may be considered Qualified Business Income (QBI), allowing for a 20 percent pass-through deduction.
STATE AND LOCAL TAX DEPRECIATION ADVICE
While cost segregation studies and tangible property reviews can help businesses defer federal tax liabilities, depending on your specific situation and local tax jurisdictions, deferrals of local and state tax liabilities may also be possible. We’ll help you get to the right answers.
IDENTIFYING QUALIFIED REHABILITATION EXPENDITURES (QRE) FOR THE HISTORIC TAX CREDIT
Ragano CPA provides you with advice and guidance regarding how your improvements can create a Historic Tax Credit for certain property. Tax saving opportunities exist for owners of all property types – multi-family residential, industrial, office and hotels.
With its broad expertise, the Firm has established Ragano CPA’s Cost Segregation Group as a team of professionals who specifically focus on helping clients realize the benefits related to cost segregation.
The Group is uniquely positioned to guide commercial and residential property owners and lessees through the recent tax rulings that have opened the door to significant savings.
WHAT IS COST SEGREGATION?
Cost Segregation is a process through which particular portions of real estate (owned or leased) can be reclassified for depreciation purposes. Specifically, as allowed by recent court cases and authoritative pronouncements, certain portions of buildings and surrounding real assets can be depreciated over shorter periods of time than the traditional periods of 27.5 or 39 years.
While the total deduction over the 27.5 or 39 years does not change, the timing of the deductions does. Various components of a building, such as wiring, plumbing, concrete and HVAC may be segregated. This means they can be written off more quickly – which can mean a substantial increase in cash flow.
COST SEGREGATION STUDIES: THE KEY TO SAVINGS
A Cost Segregation Study (CSS) is a tool used to realize the benefits of Cost Segregation under the tax law. Thus, a CSS is the process of producing various analyses and reports (prepared by qualified engineers, appraisers and financial advisors) that provide the support and basis for accelerating periods of depreciation.
BENEFITS OF A COST SEGREGATION STUDY INCLUDE:
BENEFITS OF A COST SEGREGATION STUDY INCLUDE:
With Cost Segregation
A building acquired for $1.9M
Depreciated over a 39-year life will have an annual tax deduction of approximately $48,000. Over a four-year period, the total deduction would amount to approximately $192,000.
ADVISORY - TAX ADVISORY SERVICES
TAX TRANSACTION SERVICES
Partner-level, hands-on planning and support for your transaction.
Tax implications can significantly impact the value of a potential transaction for both buyers and sellers. Ragano CPA’s dedicated team of transaction tax professionals can assist you in navigating the complexities of federal, state and international taxes, and help reveal the value, accelerate the deal timeline and move the transaction to a successful close.
Our clients take comfort knowing Ragano CPA is on top of the latest tax issues dealmakers face in an ever-changing regulatory environment. Ragano CPA’s transaction tax professionals have strong relationships with private equity (PE) firms, lenders, insurers, and legal advisors.