Accounting for Property, Plant and Equipment Assets

Businesses and not-for-profit entities capitalize machines, furniture, buildings, and other property, plant and equipment (PPE) assets on their balance sheets. Here’s a refresher on some common questions about how to properly report these long-lived assets under U.S. Generally Accepted [...]

By |2021-01-22T13:08:08-05:00January 22nd, 2021|Categories: Audit, Blog|Tags: , , , , , , |Comments Off on Accounting for Property, Plant and Equipment Assets

Drive More Savings to Your Business with the Heavy SUV Tax Break

Are you considering replacing a car that you’re using in your business? There are several tax implications, like the heavy SUV tax break, to keep in mind. A Cap on Deductions Cars are subject to more restrictive tax depreciation [...]

By |2020-12-14T13:44:20-05:00December 14th, 2020|Categories: Blog, Tax|Tags: , , , , , |Comments Off on Drive More Savings to Your Business with the Heavy SUV Tax Break

Small Businesses: Cash In On Depreciation Tax Savers

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 [...]

By |2020-12-01T12:47:11-05:00December 1st, 2020|Categories: Blog, Tax, Uncategorized|Tags: , , , , , |Comments Off on Small Businesses: Cash In On Depreciation Tax Savers

The Tax Rules For Deducting The Computer Software Costs Of Your Business

Do you buy or lease computer software to use in your business? Do you develop computer software for use in your business, or for sale or lease to others? Then you should be aware of the complex tax rules [...]

By |2020-10-26T13:19:11-04:00September 29th, 2020|Categories: Blog, Tax|Tags: , , , , , |Comments Off on The Tax Rules For Deducting The Computer Software Costs Of Your Business

Bonus Depreciation: 5 Key Points

You’re probably aware of the 100% bonus depreciation tax break that’s available for a wide range of qualifying property. Here are five important points to be aware of when it comes to this powerful tax-saving tool. Bonus depreciation is [...]

By |2020-10-02T16:47:12-04:00August 31st, 2020|Categories: Blog, Tax|Tags: , , , , , , |Comments Off on Bonus Depreciation: 5 Key Points

2 Valuable Year-End Tax-Saving Tools for your Business

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 [...]

By |2019-12-05T12:34:43-05:00December 5th, 2019|Categories: Blog, Tax|Tags: , , , , |Comments Off on 2 Valuable Year-End Tax-Saving Tools for your Business

Accelerate Depreciation Deductions with a Cost Segregation Study

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, [...]

By |2019-10-21T16:04:19-04:00October 21st, 2019|Categories: Blog, Small Business Services, Tax|Tags: , , |Comments Off on Accelerate Depreciation Deductions with a Cost Segregation Study

Could a Cost Segregation Study Help you Accelerate Depreciation Deductions?

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 [...]

By |2020-01-06T18:45:23-05:00October 1st, 2018|Categories: Blog, Small Business Services, Tax|Tags: |Comments Off on Could a Cost Segregation Study Help you Accelerate Depreciation Deductions?
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