Climate Change May Boost Shark Attacks, But Peter J. Burns III has a Safety Plan

According to researchers, climate change is a major force in creating more interactions between humans and sharks—but entrepreneur Peter J. Burns III says he’s got a creative and effective idea to keep beaches safer for people who want to recreate in oceans and coastal areas.

Read on to hear more about Peter J. Burns III’s science-based Orca Project.

Climate change is heating waters along the equator, pushing aquatic creatures poleward, according to the National Oceanic and Atmospheric Administration (NOAA). As sharks seek cooler waters they increasingly come into contact with surfers and beachgoers. They’re flocking to subtropical coastlines in record numbers.

Having evolved in isolation from humans, sharks don’t normally see them as food or pose a threat, according to this Wired video called “How Researchers Keep Humans Safe From Shark Attacks.”

Changes in habitat have been shown to provoke changes in behavior—and one bite provokes significant response in the media. Peter J. Burns III’s Orca Project aims to help curb that response—and more importantly, to keep coastal regions safe for swimmers.

What is the Orca Project?

When shark attacks occur or sharks are sighted in local waters, both tourists as well as locals are scared away from the beach. In coastal towns, beach tourism is a key component of the economy. If the amount of foot traffic is affected coastal businesses and communities suffer.

If sharks are a detriment to life, limb and local tourism, turns out killer whales can be the savior. Yes, Orcas. They don’t attack humans in the wild—but they do find sharks to be delicious.

No, you can’t hire an Orca to guard your beach.

However, a startling trend has been observed in which numerous mutilated carcasses of great white sharks have been washing up on the shores of beaches of South Africa. After observing the size of the bite marks on the shark, scientists have determined that the predator responsible for preying on the great whites is the Orca.

Other scientific studies have pointed to the notion that the sight or sound of Orcas in the area sends sharks scurrying away—sometimes for up to a year.

Peter J. Burns III believes that local beach communities could alleviate shark problems by synthesizing the smell or sound of Orcas and “broadcasting” it in ocean waters. This would theoretically create a natural “shark repellent” that could divert sharks away for months.

To that end, Peter J. Burns III has been actively reaching out to the Orca Conservatory to get them involved in this project.

“We can learn a lot from researching Orcas, who are not known to harm people and are in need of conservation,” Burns says. “When orcas enter an area, sharks will leave and do not return for months. Additional focused research efforts into the biological manner by which Orcas frighten sharks can help save human lives. Once we know more about the sounds, pheromones, and other signals which orcas give, we can use that information to protect people.”

Significant Numbers of Shark Attacks

Serial entrepreneur Peter J. Burns III would fit right in on the TV show Shark Tank. Over the course of a 40-year career, he’s started more than 150 businesses. However, the Southern California resident is the first to admit that hanging out in the ocean with real sharks is not his ideal place to be.

He’s not alone. And like a true entrepreneur, Peter J. Burns III wants to turn his distaste for shark-infested shorelines into a business opportunity. Hence, his drive to create interest in The Orca Project.

In recorded history, United States beaches have been the scene of 1,441 shark attacks—more than any country in the world. Now, a gruesome shark death (like in the Jaws movies) isn’t exactly common, but there definitely are places where you should be on guard.

One great source of information is the International Shark Attach File, the world’s only comprehensive, scientifically documented database of more than 6,000 investigations. The ISAF is housed at the Florida Museum of Natural History.

The file being maintained in Florida is fitting. The state’s Volusia County has been dubbed the shark bite capital of the world. Since 1882, Volusia has recorded 303 shark attacks. The region had the highest number of annual shark-bite incidents in 2016-18.

Other spots you’ll want to avoid if you don’t like your odds in the water against sharks include: New South Wales (Australia), the Eastern Cape of South Africa, Maui, Pernambuco (Brazil), Reunion Island (Western Indian Ocean) and Charleston, South Carolina.

Don’t look for Peter J. Burns III out in the water in any of those spots. But do take a look at his Orca Project plan to combat against shark-infested waters. And for more information about The Orca Project, reach out to Peter J. Burns III on his website.

Peter J. Burns III

As COVID-19 Threatens Economy, Peter J. Burns III Says a Simple IRS Procedure Could Send Billions Back to Business Owners

While the coronavirus crisis is threatening to wipe out many businesses—and maybe even send the economy into a recession—entrepreneur Peter J. Burns III says there’s a widely underutilized method for increasing tax savings that could greatly boost stimulus efforts.

That method is known as cost segregation. It’s a 100-percent legal process guided by IRS methodology. The IRS publishes guidelines for a cost segregation study on its website.

“We’re looking at an unprecedented devaluation of companies and their properties,” says Peter J. Burns III, a serial entrepreneur who has spent the last 40-plus years helping create more than 150 companies in both conventional and nontraditional markets.

He says cost segregation is a way for companies to get money back in taxes that they’ve already overpaid. Burns believes this process is a quicker and more efficient way to stimulate the economy than relying on aid packages from the federal government.

“Even if companies have already paid their taxes this year, they can do amended returns and get back money they’ve already overspent,” Peter J. Burns III says. “This process is a much quicker way to try to avoid what is looking like an inevitable depression.”

What is Cost Segregation?

Cost segregation is a method of reclassifying components and improvements of commercial and residential real estate. Using Internal Revenue Service guidelines, cost segregation results in reduced tax liabilities and increased cash flow—for both owners and lessees.

To initiate cost segregation, a third-party-certified study identifies, values and separates depreciable personal property. A certified analyst will appraise non-structural items (things like carpet, wall coverings, etc.) and adjust the scheduled depreciation.

The result? Acceleration of depreciation can lead to huge tax savings in the early years of the life cycle of a real estate property. This allows a property owner to catch up on savings that result from the depreciation adjustment.

It’s relatively simple. Under standard, straight-line depreciation, the default tax life on a commercial building is 39 years. Cost segregation professionals seek to identify the multiple pieces of personal property that can be placed on shorter—five-, seven- or 15-year—depreciation terms.

According to studies commissioned by Peter J. Burns III, doing a third-party-certified study for cost segregation usually result in 6 percent of the value of a building coming back in tax benefits. In one study, an $8-million rental villa returned $625,000 to the owner after cost segregation.

Cost segregation is a 100-percent legal process guided by IRS methodology. IRS guidelines allow this technique to be applied to newly built and existing buildings. However, the building must have been placed in service after 1987.

The number of years owned by the current owner, prior renovations, and future renovation plans are some of the considerations used to determine whether a cost segregation study makes economic sense.

The technique has been widely used since 1997 as a result of two landmark tax court cases in which both Walgreens and Hospital Corp. of America prevailed against the IRS. Traditionally, engineering departments in Big Four CPA firms have used cost segregation with their large clients.

The modern application of cost segregation can be traced to those 1997 court cases—but it was Peter J. Burns III, who was serving as an adjunct faculty member at the Barrett Honor College at Arizona State University, who first tied the practice to other business ventures in 2005.

Cost Segregation is a Simple Process

It’s estimated there are 91 million buildings eligible for a cost segregation study. Yet, only five percent have undergone the process. According to Peter J. Burns III, that means there’s potentially as much as $500 billion on the table to help out struggling businesses.

That’s roughly equivalent to the stimulus plan approved by the federal government.

Cost segregation is actually a simple transaction. If you’d like to find out more about this innovative process that could help rescue American businesses, reach out to Peter J. Burns III, who can help match prospective donors with qualified cost segregation professionals.

Peter J. Burns III