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Blog: Cash Flow Tips
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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Maximize Purchase Price Allocation Tax Benefits

Maximize Purchase Price Allocation Tax Benefits

One of the fallouts of the COVID pandemic is the influx of distressed commercial properties for sale. This is especially true for the industries hardest hit by the resulting lock downs and ensuing recession, such as hospitality and retail. People had to shelter in...

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Mastering Your Fixed Assets: Ghost and Zombie Assets

Mastering Your Fixed Assets: Ghost and Zombie Assets

Ghosts and Zombies. Yikes! They’re two hidden enemies – and not just in the movies. Many companies are familiar with the concepts of ghost and zombie assets, but fail to fully grasp the depth of the risks they pose to an organization. What are Ghost and Zombie Assets?...

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Section 179D Energy Tax Deduction Now Permanent

Section 179D Energy Tax Deduction Now Permanent

The Section 179D Energy Tax Deduction is now permanent. You no longer have to worry about expirations and rely on extensions. The Consolidated Appropriations Act, 2021, signed into law at the end of December 2020, made permanent the Energy Efficient Commercial...

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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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