Depreciation Deduction

Make the Most of Depreciation Deductions to Reduce Your Tax Bill

Construction companies need to make the most of depreciation deductions that can reduce their tax bills.

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Two Tax Strategies for Maximizing Depreciation Deductions

You may benefit from the Section 179 depreciation tax deduction for business property if your business needs to buy equipment and other depreciable property.

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First-Time Bonus Depreciation Image

First-Year Bonus Depreciation for QIP: Is it Better than 15-Year Depreciation?

Congress finally passed legislation that corrects a drafting error related to real estate qualified improvement property and first-year bonus depreciation.

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CARES Act Provisions May Boost Cash Flow for Construction Companies

The CARES Act includes several provisions that can help boost cash flow for construction companies (and other businesses) as well as reduce their tax bills.

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Four CARES Act Tax Relief Provisions for Business Owners

The Coronavirus Aid, Relief and Economic Security (CARES) Act, which passed earlier in 2020, includes some retroactive tax relief for business taxpayers.

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CARES Act and Construction

The CARES Act and Construction: Keeping an Eye on Taxes

Let’s look at three issues that contractors should keep an eye on in light of the CARES Act: payroll, losses and qualified improvement property.

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CARES Act Makes Favorable Changes to “Qualified Improvement Property”

The CARES Act contains a beneficial change in the tax rules for many qualified improvement properties.

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There’s Still Time to Reduce your 2019 Tax Liability

Don’t let the holiday rush keep you from taking some important steps to reduce your 2019 tax liability. You still have time to execute a few strategies.

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