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

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

Frequently Asked Questions (FAQs) about Cost Segregation

For commercial building owners, the federal tax code offers several strategies to help offset the many costs associated with owning and maintaining a commercial property. One of these strategies is Cost Segregation, which allows building owners to reduce their tax burdens and boost cash flow through accelerated depreciation deductions. Wondering if you are eligible for [...]

By |2019-12-04T08:10:18-07:00December 4th, 2019|Bonus Depreciation, Commercial Buildings, Cost Segregation, Tax Cuts and Jobs Act, Tax Reform|Comments Off on Frequently Asked Questions (FAQs) about Cost Segregation

Cost Segregation Studies: The Key to Taking Advantage of Expanded Bonus Depreciation

By reclassifying certain real property assets as personal property, Cost Segregation studies offer a powerful way for commercial building owners to unlock depreciation deductions—thereby reducing their tax burdens and boosting cash flow. However, following sweeping changes under the Tax Cuts and Jobs Act of 2017, Cost Segregation may be more beneficial than ever before due [...]

By |2019-08-31T05:17:12-07:00August 31st, 2019|Bonus Depreciation, Cost Segregation, Tax Reform|Comments Off on Cost Segregation Studies: The Key to Taking Advantage of Expanded Bonus Depreciation
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