179D Projects Must Now Comply with More Stringent ASHRAE Standards—Will Yours Qualify?

With the enactment of a massive COVID relief spending package in December 2020, the §179D deduction for energy-efficient commercial buildings was finally made a permanent part of the tax code. After years of uncertainty due to the deduction’s previous status as a tax extender, this change was widely celebrated by building owners, primary designers, and [...]

By |2021-05-17T10:54:43-07:00May 17th, 2021|179D, Architects and Engineers, Commercial Buildings|Comments Off on 179D Projects Must Now Comply with More Stringent ASHRAE Standards—Will Yours Qualify?

Recently Purchased a Commercial Building? Don’t Miss These Powerful Tax Savings Opportunities

Buying a commercial building is a major investment that carries several ongoing costs associated with owning and maintaining the building. Fortunately, however, the federal tax code offers a variety of strategies to help offset these costs by reducing your tax burden. For example, the §179D deduction (which was recently made a permanent part of the [...]

By |2021-03-04T22:12:11-07:00March 4th, 2021|179D, Bonus Depreciation, Commercial Buildings, Cost Segregation|Comments Off on Recently Purchased a Commercial Building? Don’t Miss These Powerful Tax Savings Opportunities

New COVID Relief Package Makes the §179D Deduction Permanent

After months of deliberation, Congress passed a sweeping new $900 billion COVID relief bill on December 21. The bill, officially called the Consolidated Appropriations Act 2021, H.R. 133, was signed into law by President Trump on December 27, thereby enacting numerous measures designed to provide financial assistance for individuals and businesses impacted by the ongoing [...]

By |2020-12-30T10:25:15-07:00December 30th, 2020|179D, Commercial Buildings, News|Comments Off on New COVID Relief Package Makes the §179D Deduction Permanent

Tax Season is Just Around the Corner—Don’t Miss These Steps to Maximize Tax Savings for Your Business

For countless businesses, the significant disruptions stemming from the COVID-19 pandemic have caused unprecedented financial challenges this year. Therefore, as 2020 comes to an end and businesses start preparing for tax season, it is crucial to seek opportunities to minimize taxes. The right tax strategy can help businesses save money and boost cash flow, thereby [...]

By |2020-12-07T05:56:12-07:00December 4th, 2020|Tax Tips|Comments Off on Tax Season is Just Around the Corner—Don’t Miss These Steps to Maximize Tax Savings for Your Business

The §179D Deduction is Set to Expire at the End of 2020—Do Your Projects Qualify?

As the year enters its fourth quarter, an important deadline is looming for commercial building owners and designers seeking opportunities to minimize their tax burdens: the §179D deduction for energy-efficient buildings is currently due to expire on December 31, 2020. As one of the “tax extenders”—a group of temporary tax incentives that are only authorized [...]

By |2020-10-02T09:56:58-07:00October 2nd, 2020|179D, Architects and Engineers, Commercial Buildings|Comments Off on The §179D Deduction is Set to Expire at the End of 2020—Do Your Projects Qualify?

Hotel Saves Over $1.2 Million in Taxes Through Cost Segregation

A Yorba Linda, California hotel that was part of a large, national brand had recently undergone a major renovation. With improvement costs totaling approximately $5.7 million, the hotel was seeking opportunities to reduce its tax burden. After consulting Capital Review Group to identify overlooked tax incentives, our team determined that the hotel was eligible for [...]

By |2020-09-01T23:46:39-07:00September 1st, 2020|Case Studies, Commercial Buildings, Cost Segregation|Comments Off on Hotel Saves Over $1.2 Million in Taxes Through Cost Segregation

Engineering Firm Receives §179D Deduction of $1.80 Per Square Foot

A structural engineering firm was hired by the State of Washington to design three new schools, which totaled an estimated 281,558 square feet. The designs incorporated several energy efficiency measures in the lighting systems, HVAC systems, and the building envelope. These measures exceeded ASHRAE Standard 90.1-2007, indicating that the buildings met the latest widely accepted [...]

By |2020-09-01T23:15:48-07:00September 1st, 2020|179D, Architects and Engineers, Case Studies|Comments Off on Engineering Firm Receives §179D Deduction of $1.80 Per Square Foot

Architecture Firm Receives §179D Tax Deduction of Over $160,000

An architecture firm in Connecticut was hired by a government entity to design an 89,693 square-foot elementary school. The design, which was completed in 2020, included several energy efficiency measures in the school’s lighting, HVAC systems, and the building envelope. These measures were found to exceed the standards of ASHRAE 90.1-2007 by over 50 percent, [...]

By |2020-07-24T01:53:41-07:00July 24th, 2020|179D, Architects and Engineers, Sustainability|Comments Off on Architecture Firm Receives §179D Tax Deduction of Over $160,000

What Architects and Engineers Should Know about the Research and Development (R&D) Tax Credit

From designing sustainable buildings to developing plans that incorporate more cost-efficient materials or construction methods, architects and engineers often pursue innovative new techniques in their day-to-day work. However, many architecture and engineering firms miss out on the opportunity to significantly reduce their tax burdens with a commonly overlooked incentive: the Research and Development (R&D) Tax [...]

By |2020-07-02T07:45:50-07:00July 2nd, 2020|Architects and Engineers, R&D Tax Credit|Comments Off on What Architects and Engineers Should Know about the Research and Development (R&D) Tax Credit

What Businesses and Commercial Building Owners Should Know About the CARES Act

As the COVID-19 pandemic has forced countless businesses across the country to curtail operations, the U.S. government recently passed a massive stimulus package designed to minimize economic devastation: the Coronavirus Aid, Relief and Economic Security (CARES) Act. This $2 trillion measure offers both direct financial aid and various forms of tax relief in order to [...]

By |2020-05-15T11:32:36-07:00May 15th, 2020|Uncategorized|Comments Off on What Businesses and Commercial Building Owners Should Know About the CARES Act
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