For companies that lease commercial real estate, leasehold improvements are often essential to make the space functional for their business. These improvements can include everything from demolition and construction to installing fixtures and finishes. While vital operationally, leasehold improvements also offer a major tax advantage: depreciation deductions. In this blog post, we’ll take an in-depth
Welcome to the Engineered Tax Services blog, your go-to resource for the latest tax insights and news. We are committed to providing you with up-to-date information, expert analysis and strategic guidance on a wide range of tax-related topics. Our blog serves as a comprehensive platform for businesses and individuals seeking to navigate the complex world of taxation and maximize their financial outcomes.
Our blog covers a broad spectrum of tax-related topics, from detailed insights into specific tax benefits to news on the latest regulatory developments. We delve into various tax strategies, providing clear steps and tools to help you implement these strategies effectively. Our expert analysis offers a deep understanding of the tax landscape, helping you make informed decisions and drive your financial growth.
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We invite you to explore our blog, leverage the insights it offers and stay informed about the latest developments in the world of taxation. With our blog, you have a wealth of tax insights and news at your fingertips, helping you navigate the complexities of taxation and achieve your financial goals.
Many businesses focus their R&D tax credit claims solely on current projects. But did you know you can also claim credits for your R&D activities going back several years? Why You Should Consider Retroactive Claims Claiming R&D tax credits retroactively allows you to get more value from your past innovations, even unsuccessful ones. According to
In 2019 alone, nearly $60 billion in R&D tax credits went unclaimed, according to data from the Congressional Research Service. With over $90 billion in total credits available, that's a shocking amount of lost opportunity. The reason for this? Many businesses either didn't know about the credits or failed to claim them at the right
Are you leaving money on the table when it comes to your federal payroll taxes? Many businesses are unaware that they can leverage research & development (R&D) tax credits to offset a portion of their federal payroll taxes. This blog post aims to shed light on this specialized yet impactful financial strategy. The Laws Making
Running a restaurant is a labor of love that often involves significant financial commitment. From kitchen appliances to dining room decor, every asset in your restaurant contributes to creating an unforgettable experience for your patrons. But did you know these assets can also lead to significant tax savings through a strategy called cost segregation? Join
As the COVID-19 pandemic took the world by storm, the federal government stepped up with measures to help businesses stay afloat. As part of the Coronavirus Aid, Relief and Economic Security (CARES) act, the Employee Retention Tax Credit (ERTC) was introduced to encourage businesses to keep their employees on the payroll despite the economic challenges
The importance of cost segregation for businesses and property investors cannot be overstated. By accelerating depreciation, taxpayers can significantly reduce their current tax liability, thereby increasing their available cash on hand. However, like any strategic financial decision, cost segregation comes with its own set of concerns. These concerns span a wide range, from an elevated
Introduction In the dynamic world of tax law, anticipating and adapting to changes is crucial. As we witness the phase-out of bonus depreciation—a provision significantly influencing tax planning and cost segregation strategies for numerous businesses—it's essential to comprehend its implications. This blog post aims to guide you through this pivotal shift and the strategic tax
The global economic landscape has seen significant challenges in the wake of the COVID-19 pandemic. In response, the U.S. government introduced several measures, including the Employee Retention Credit (ERC), which was designed to support businesses and incentivize employers to retain their employees during periods of economic hardship. The task of understanding the ERC and how
In the dynamic world of startups, every decision can have a significant impact on the trajectory of the business. One area that often gets overlooked in the early stages, but can have profound implications, is tax strategy. A well-planned tax strategy can not only maximize savings but also minimize risk, contributing to the financial health