Building Depreciation

2 valuable year-end tax-saving tools for your business

Business Deductions, Business Equipment, Business Income Tax, Depreciation, Depreciation Deduction (Section 179), Section 179, Tax, Tax Deduction, Tax Planning / Douglas Freeman

At this time of year, many business owners ask if there’s anything they can do to save tax for the year. Under current tax law, there are two valuable depreciation-related tax breaks that may help your business reduce its 2019 tax liability. To benefit from these deductions, you must buy eligible machinery, equipment, furniture or […]

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Accelerate depreciation deductions with a cost segregation study

Cost Segregation Study, Depreciation, Depreciation Deduction (Section 179), Tax Cuts and Job Acts (TCJA) / Douglas Freeman

Is your business depreciating over a 30-year period the entire cost of constructing the building that houses your operation? If so, you should consider a cost segregation study. It may allow you to accelerate depreciation deductions on certain items, thereby reducing taxes and boosting cash flow. And under current law, the potential benefits of a

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