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A cost segregation study may cut taxes and boost cash flow

Cash Flow, Cost Segregation Study, Depreciation, Depreciation Deduction (Section 179), Federal Taxes, Small Business, Small Business Tips, Tax Cuts and Job Acts (TCJA) / Douglas Freeman

Is your business depreciating over 30 years the entire cost of constructing the building that houses your enterprise? 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. Depreciation basics. Business buildings generally have a 39-year depreciation period […]

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Small businesses: Cash in on depreciation tax savers

Business Deductions, Business Equipment, Business Income Tax, Depreciation Deduction (Section 179), Small Business, Tax Cuts and Job Acts (TCJA), Tax Deduction, Tax Savings / Douglas Freeman

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. If so, you may benefit from the Section 179 depreciation tax deduction for business property. The election provides a tax windfall to businesses, enabling them to claim immediate

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It’s a good time to buy business equipment and other depreciable property

2019 Tax Return, Business Deductions, Business Equipment, Deductable Expenses, Deductions, Depreciation, Depreciation Deduction (Section 179), Equipment, Income Tax, Section 179, Small Business, Tax, Tax Cuts and Job Acts (TCJA), Tax Deduction, Tax Planning / Douglas Freeman

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. And it was increased and expanded by the Tax Cuts and Jobs Act (TCJA). Even better, the

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