Personal Property – DougFreemanCPA.com

Get your piece of the depreciation pie now with a cost segregation study

Cost Segregation Study, Deductions, Depreciation, Small Business / By Douglas Freeman

If your business is depreciating over a 30-year period the entire cost of constructing the building that houses your operation, you should consider a cost segregation study. It might 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 cost …

Get your piece of the depreciation pie now with a cost segregation study Read More »

Rioting damage at your business? You may be able to claim casualty loss deductions

Income Tax, Insurance, Small Business / By Douglas Freeman

The recent riots around the country have resulted in many storefronts, office buildings and business properties being destroyed. In the case of stores or other businesses with inventory, some of these businesses lost products after looters ransacked their property. Windows were smashed, property was vandalized, and some buildings were burned to the ground. This damage …

Rioting damage at your business? You may be able to claim casualty loss deductions Read More »

Accelerate depreciation deductions with a cost segregation study

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

Accelerate depreciation deductions with a cost segregation study Read More »

Could a cost segregation study help you accelerate depreciation deductions?

Cost Segregation Study, Depreciation, Internal Revenue Service, Small Business, Tax, Tax Cuts and Job Acts (TCJA) / By Douglas Freeman

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 benefits are now even greater due to enhancements to certain depreciation-related breaks under the …

Could a cost segregation study help you accelerate depreciation deductions? Read More »