Our services
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what we do
Our team has helped thousands of clients navigate complex tax laws, reduce liabilities, and maximize financial opportunities.
Personal Tax
Preparation
We actually like math. Let us crunch the numbers and help with your tax returns. No one tax return is the same, so whether it’s basic, or more complicated like investment incomes, special tax credits, rental properties, or employment expenses, we’d love to help. Added bonus? We are an approved CRA online representative – meaning we can get your tax return filed all online!
Corporate Tax
Preparation
We take deep care and consideration of your business as if it was our own. Let us be the translators and storytellers of your numbers so that you can feel confident to make informed business decisions. We perform full overviews of your business to ensure maximum efficiency and minimum taxes. There are many financial complexities to consider when running a business, we make saving money simpler.
Specialized Tax Preparation
We specialize in advanced tax strategies for a range of industries and investment types, including short-term rentals, RV rentals, storage unit facilities, turo hosts, and oil and gas leases. Get further insight into our specialized strategies below.
Short-term Rentals
At American Asset Management Corp, we specialize in helping clients unlock significant tax savings from their short-term rental properties. Through cost segregation studies, we identify and reclassify portions of your property into shorter-lived asset categories (such as personal property or land improvements), enabling faster depreciation.
By combining cost segregation with 100% bonus depreciation, owners of short-term rentals can immediately write off the full cost of these reclassified assets in the year of purchase or improvement. This strategy dramatically reduces taxable income, improves cash flow, and accelerates ROI on your rental investment.
Let our experienced team guide you through this powerful tax strategy to maximize the profitability of your short-term rental portfolio.
RV Rentals
At American Asset Management Corp, we support clients looking to maximize profits in the growing RV rental market. RVs used in rental businesses often qualify as business assets, opening valuable tax planning opportunities.
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Through cost segregation studies, we help identify components of your RVs and related assets that can be depreciated more quickly. Paired with 100% bonus depreciation, this allows you to write off a significant portion—or even the entire cost—of your RVs in the year of purchase, substantially lowering taxable income and freeing up cash for further investment or expansion.
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Whether you own a fleet or are starting out in RV rentals, our team is ready to guide you through these strategies and ensure you keep more of what you earn.
Storage Unit Facilities
At American Asset Management Corp, we help clients in the storage unit industry take full advantage of powerful tax strategies to enhance profitability and cash flow. Storage facilities often contain components—such as lighting, security systems, paving, fencing, climate-control systems, and specialized finishes—that qualify for shorter depreciation schedules.
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Through detailed cost segregation studies, we identify and reclassify these assets into 5-, 7-, or 15-year property categories, rather than the standard 39-year commercial property schedule. When combined with 100% bonus depreciation, owners can immediately deduct a significant portion—or sometimes nearly all—of the cost of newly constructed or purchased storage facilities in the first year.
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This aggressive depreciation strategy can substantially reduce taxable income, boost cash reserves, and improve returns on investment. Our experienced team guides clients through every step of this process, ensuring compliance while maximizing tax savings.
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Let American Asset Management Corp help you unlock the full tax potential of your storage unit investments.
Turo Hosts
High-earning W2 employees often face substantial tax liabilities due to their elevated income levels. American Asset Management Corp specializes in strategic tax planning to help these clients reduce their taxable income through innovative solutions like Turo rentals combined with 100% bonus depreciation. Here’s how we can assist:
Oil & Gas Leases
For property owners in Ohio and Pennsylvania receiving royalties or rental payments from the Utica Shale play, our CPA firm offers specialized tax strategy services to optimize your financial outcomes. We will tailor a tax strategy that helps you reduce your tax burden through the use of bonus depreciation on your other businesses as well as properly structuring the lease payments in a way that spreads your tax burden out over time.
We also provide specialized guidance on managing income from lease bonuses and royalties, which are also subject to federal and state income taxes. Our services include evaluating depletion deductions to minimize tax liability, ensuring accurate reporting of oil and gas income, and advising on estimated tax payments to avoid penalties.
We helped dozens of landowners navigate various tax strategies during the first Ohio oil boom and we stand ready to do so again.
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