AE Tax Advisors

I ran my auto repair shop for nine years with a CPA who I now realize was just going through the motions. He never mentioned Section 179 for my equipment purchases -- lifts, diagnostic machines, alignment equipment, tire changers -- all of which qualified for immediate deduction. He was depreciating everything over seven years when he could have written it off in year one.

He also never claimed the Qualified Business Income deduction, which has been available since 2018. For a business like mine that is well under the income threshold, QBI should have been automatic. It was not.

AE Tax Advisors reviewed my last three years of returns and found error after error. Missed deductions, incorrect depreciation schedules, and the complete absence of QBI. They amended all three years and recovered $43,000 from the IRS -- money I had already paid and thought was gone forever.

The amendment process was painless on my end. AE Tax handled all the paperwork, calculations, and IRS correspondence. The refund checks arrived within a few months of filing.

Beyond the amendments, they restructured my business going forward with proper entity structure, correct depreciation elections, and a system for capturing every deduction throughout the year. My tax bill dropped immediately, and I have confidence that nothing is being missed anymore.

If you own a trade business and your CPA has never discussed Section 179 or QBI with you, please get a second opinion. AE Tax Advisors saved me $43,000 that my old CPA left on the table, and that makes me wonder how many other business owners are in the same situation.