Sec. 179 Archives - Landmark CPAs

What to Consider Before Claiming First-Year Depreciation Deductions for Qualified Improvement Property (QIP)

Posted on June 13, 2023 by Rachael McGrew

Claiming significant first-year depreciation tax deductions for eligible real estate expenditures may be an option for your business, allowing you to accelerate deductions rather than spreading them out over multiple years. However, this decision is not as straightforward as it may appear, as there are important factors to consider. Qualified Improvement Property (QIP) For assets

How to use your Website as a Tax Deduction

Posted on September 24, 2019 by Andrew Litchford

It’s an easy decision to set a website up and maintain it. But determining the proper tax treatment for the costs involved isn’t so easy.

How to Maximize your Business Property Deductions in 2019

Posted on July 16, 2019 by Andrew Litchford

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