Named one of the Top 100 most influential people in accounting by Accounting Today, Mr. Julio Gonzalez acquired The Growth Partnership, The Rosenberg Survey, and ABLE CRM in 2020 to establish the largest specialty tax and consultative firm for the CPA community nationwide. Mr. Gonzalez is also recognized by the World’s Leaders in its current edition, “World’s 10 Most Successful Business Leaders Making a Difference, 2022.”
Mr. Gonzalez founded ETS in 2001 with the goal of bringing expert engineering tax studies to the general public, which had previously only been available to Fortune 500 and public firms through the Big 8 National Accounting Firms. ETS is based in West Palm Beach, Florida, and has 26 offices across the country.
Mr. Gonzalez founded numerous other family-owned businesses, including Gonzalez Family Office (GFO), Calle Gato Ocho (CGO), Engineered Tax Exchange (ETE), and Engineered Family Office, in addition to ETS (EFO). Gonzalez Family Office invests mostly in real estate, private equity, and venture capital to manage the Gonzalez family’s wealth. For the Gonzalez family, CGO owns and manages direct real estate investments in multi-family housing and office/mixed-use real estate.
Mr. Gonzalez is the go-to tax expert for numerous national organizations and groups, working weekly in Washington, D.C. to assist the administration, Congress, and Senate on tax reform. He is a frequent national public speaker on tax reform and tax sophistication for asset preservation.
A Vision Proficient Individual
Mr. Gonzalez launched Rockerbox in 2021 to provide best-in-class resources in employment retention credits and job opportunity training credits to the accounting sector. He is the nation’s forefather of specialty tax services, and he and his firm were recently honored for their contributions to employment preservation in the United States.
Mr. Gonzalez’ principal goal was to deliver professional engineering tax studies to the general public, which had previously only been available through National Accounting Firms to Fortune 500 and public firms. These tax services are essential for the creation, preservation, and maintenance of jobs in the United States. Mr. Gonzalez is truly the nation’s forefather of specialty tax services, and he and his company have most recently been recognized for their assistance in preserving jobs in the United States, as follows:
Engineered Tax Services, Inc. (ETS) was formed by Mr. Julio Gonzalez, a National Tax Reform Expert, to combine the discipline of engineering with the concepts of tax and accounting. Mr. Gonzalez sought to deliver specialized tax services to the general public that were previously only available through Big 4 accounting firms to public enterprises.
Julio also established the Gonzalez Family Office to invest in US infrastructure while also serving as a platform for his charitable endeavors.
Mr. Gonzalez and ETS are now the country’s largest licensed engineering tax resource, serving thousands of CPA firms across the country. These tax services are essential for the creation, preservation, and maintenance of jobs in the United States.
Engineered Tax Services Inc.
Engineered Tax Services, Inc. is a registered engineering firm that specializes in tax benefits from the federal, state, and local governments. Julio Gonzalez, the CEO of Engineered Tax Services, launched the company to deliver specialized tax engineering services to the general public in the United States. The IRS needs experienced engineers and scientists to calculate the tax benefits in the fields of real estate and manufacturing under a number of federal tax incentives. The option to depreciate real estate investments by components rather than the conventional 39 or 27.5-year expensing term is unique to real estate. A forensic engineering analysis of a real estate property, in which the building is depreciated component by component, allows investors to depreciate up to 50% (and in some situations, even more due to 100% bonus depreciation) of their building purchase up front.
Cost segregation used to be limited to real estate investors who worked with Big 4 accounting firms with specialist engineering employees. Mr. Gonzalez’s purpose was to serve as a resource for CPAs so that these services may be made available to all real estate investors, large and small. One of the most important tax breaks for wealth preservation is cost segregation. There are very few investments that the United States federal government allows investors to expense dollar for dollar. Real estate is the one investment from which you can deduct 100% of the purchase price against taxable income. Inherently, this allows for a 50% return on investment at a 50% federal and state tax bracket. Cost segregation allows the investor the ability to mitigate tax liabilities and preserve wealth by accelerating these deductions much more quickly.
Engineered Tax Services also employs its engineering, scientific, and tax teams to provide one of the most important federal and state tax benefits accessible to US firms in the form of R&D tax credits (R&D). Manufacturing, innovation, and technological design are all encouraged through R&D tax credits in the United States. These credits are necessary to maintain labor in the United States and to support job creation. Qualifying activities include developing new or improved products or manufacturing processes, tool and die development, technical design in the construction industry, software development, fracking and drilling technique development, and developing new or improved drugs or formulas, just to name a few. The R&D Tax Credit is a very important federal incentive meant to ensure that US companies remain competitive globally.
Working to Bring Awareness
Many industries are missing out on key tax breaks that may help their businesses grow. The ETS team works hard to educate various companies on the benefits of specialty tax incentives and to provide the best assistance possible in identifying these missed opportunities.
Mr. Gonzalez’s objective was to raise awareness among the general public by educating accounting firms across the country. Engineered Tax Services has become the country’s leader in these services, which boost cash flow and allow for job creation and expansion in the United States.