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Blog: Bonus Depreciation
4 Key Tax Strategies to Generate Cash Flow

4 Key Tax Strategies to Generate Cash Flow

The past few years have brought considerable changes to the tax codes. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), Tax Cuts and Jobs Act (TCJA), and Energy Policy Act (EPACT) offer immense opportunities for companies to accelerate or increase...

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Top 9 Cash Flow Planning Tips

Top 9 Cash Flow Planning Tips

It’s financial reporting and tax time. Do you want more write-offs to offset income? Are you struggling to get more cash flow? Are you mired too deeply in other activities to do something about this? Let us help you. Here are nine Cash Flow Planning Tips that are sure...

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What is Cost Segregation? Answers to Top 8 Questions

What is Cost Segregation? Answers to Top 8 Questions

Savvy tax professionals are familiar with different methods for accelerating tax depreciation, but not all are familiar with cost segregation. “What is Cost Segregation?” is a question that we hear from even the most seasoned tax people. Or they might be familiar with...

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Get a Tax Refund with a Cost Segregation Look-Back Study

Get a Tax Refund with a Cost Segregation Look-Back Study

Does your company have previously overpaid taxes that you would like to recover – and potentially get a tax refund? A Cost Segregation Look-Back Study is a valuable, often overlooked tool for companies to recover overpaid taxes. The Study identifies misclassified or...

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How to Update QIP Assets in Sage Fixed Assets

How to Update QIP Assets in Sage Fixed Assets

Qualified Improvement Property (QIP) now has a 15-year GDS life and is eligible for bonus depreciation! The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) fixed an important technical error in the Tax Cuts and Jobs Act of 2017 (TCJA). Qualified...

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Qualified Improvement Property (QIP) CARES Act Fix

Qualified Improvement Property (QIP) CARES Act Fix

The Qualified Improvement Property (QIP) tax glitch has been fixed! The QIP CARES Act fix allows for QIP placed in service in 2018 and later to be eligible for bonus depreciation, and has a GDS depreciation life of 15 years (20 years ADS). Shortening the life of QIP...

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Fixed Asset Tax-Extenders in Year-End Spending Package

Fixed Asset Tax-Extenders in Year-End Spending Package

The long wait is over! The Further Consolidated Appropriations Act, 2020, was signed into law on December 20, 2019, avoiding a federal government shutdown. The year-end spending bill, H.R. 1865, includes several fixed asset tax provisions that may benefit you. In...

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Cash Flow and ROI Strategies for Hotel Buyers and Investors

Cash Flow and ROI Strategies for Hotel Buyers and Investors

Increased cash flow and return on investment – two key concerns if you’re a hotel buyer or investor. Here are some strategies for tax savings that you can employ to reduce income taxes, increase cash flow and accelerate your return on investment. Allocation of...

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Sage Fixed Assets – Vehicle Safe Harbor Tax Law Changes

Sage Fixed Assets – Vehicle Safe Harbor Tax Law Changes

The IRS issued long-awaited changes to the vehicle safe harbor tax law rules on February 13, 2019, after Sage released its Sage Fixed Assets 2019.1 updates. Know that Sage is aware of these changes, and they are planning an update for these new rules to enable you to...

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Sage Fixed Assets 2016.1 – What’s new in the tax release

Sage Fixed Assets 2016.1 – What’s new in the tax release

Sage Fixed Assets recent released the new version of Sage Fixed Assets Depreciation that supports all the new IRS legislation for tax deprecation as a result of the PATH Tax Act signed into law in December. Some of the highlights covered in this release of Sage Fixed...

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