by Paula Kennedy, EA | Dec 1, 2020 | Tax
As we approach the end of the year, it’s a good time to think about whether your business needs to buy business equipment and other depreciable property to cash in on depreciation tax savers. You may find benefits from the Section 179 depreciation tax deduction for...
by Brian Hare, CPA, CGMA | Jul 25, 2019 | Business, Tax
There’s good news about the Section 179 depreciation deduction for business property. The election has long provided a tax windfall to businesses, enabling them to claim immediate deductions for qualified assets, instead of taking depreciation deductions over time....
by Brian Hare, CPA, CGMA | Nov 6, 2018 | Business
Businesses that acquire, construct or substantially improve a building — or did so in previous years — should consider a cost segregation study. It may allow you to accelerate depreciation deductions, thus reducing taxes and boosting cash flow. And the potential...
