Tax Deductions Archives

Hidden Tax Savings in Commercial Build-Outs

Commercial build-out costs represent a significant investment. However, within those investments lie opportunities for substantial tax savings. Understanding the nuances of the tax code, specifically regarding depreciation, energy-efficient building incentives and cost segregation, can unlock these savings and enhance your bottom line. This article will delve into the strategic tax planning opportunities associated with commercial

April 8, 2024 No Comments

Tax Credits vs. Tax Deductions: What’s the Difference and Why It Matters

Your path to financial wellness is laden with choices—some obvious, others nuanced. One such nuanced choice lies in understanding tax credits and tax deductions. Seemingly interchangeable but critically different, these are two tools in your financial toolkit that can significantly affect your bottom line. Failing to grasp these concepts could mean missing out on substantial

December 18, 2023 No Comments

Smart Building Tax Incentives for Profitable Real Estate

In today’s tech-driven landscape, smart building technologies have quickly transitioned from luxurious extras to fundamental must-haves. These systems are revolutionizing the way we manage key functions like energy usage, lighting, climate and security, whether it’s in our living rooms or corporate offices. Of course, there’s the elephant in the room: initial costs. These advanced systems

November 29, 2023 No Comments

Qualifying Leasehold Improvements: Tax Benefits Explored

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

July 28, 2023 No Comments

The 5 Most Overlooked Tax Incentives Real Estate Investors Miss

Real estate investing can be complex, and investors certainly have plenty of details to keep track of. While there may be many things competing for your attention, it’s important not to overlook the potential tax benefits available for your property. Failing to claim certain tax credits and incentives can cause investors to miss out on

March 3, 2023 No Comments

Tax Deductibility of PPP Loans Restores Full Value of R&D Tax Credits

Before Congress clarified the deductibility of forgivable loans under the Paycheck Protection Program (PPP) in December, the ability of PPP loan recipients to also qualify for Research and Development Tax Credits (R&D) was in question. The R&D tax credit, which is a permanent federal tax incentive meant to stimulate innovation, technical design and manufacturing, allows businesses to save

January 28, 2021 No Comments

3 Top Tax Deductions for Real Estate Investors

The past year has seen a flurry of legislative and regulatory measures intended to assist businesses and individuals with COVID-19 challenges. Given the volume of ensuing guidance from the IRS and Treasury, business owners and investors are sorting through the best tax strategies to employ for 2020 and 2021. The enactment of the Coronavirus Aid,

December 17, 2020 No Comments

Cost Segregation Study Provides For Immediate Expense Of Leasehold Improvements

Landlords and tenants often negotiate to make improvements or alterations to nonresidential rental space so that it becomes more suitable for the prospective tenant’s business needs. In doing so, the landlord or the tenant may be eligible to depreciate the costs associated with these leasehold improvements. Usually, the party that pays for and retains ownership

January 29, 2020 No Comments

Use Cost Segregation to Increase Your Real Estate Cash Flow

April 11, 2018 No Comments

5 Deductions and Credits to Reduce Your Taxes Under TCJA

Did you know that you could have more money in your pocket right now? That’s right. Because when it comes to taxes, tax credits and deductions have a huge impact under the Tax Cuts and Jobs Act (TCJA). They can reduce or offset the taxes that you owe. 5 DEDUCTIONS AND CREDITS TO REDUCE YOUR

March 23, 2018 No Comments

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