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...
Section 179D Energy Tax Credits Extension
On December 10, 2019, with the intent to fund the federal government through fiscal year 2020, Congress passed six appropriations omnibus or “minibus” bills (H.R. 1865). The $447 billion spending measure includes some tax and other provisions, including a provision...
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...
Cost Segregation: Strategic Prefunding Actions to Improve Financing Success
Are you considering a new building development or renovation project, but your projected cash flow is making it difficult to get funding approval? Do you have the necessary funding, but would like to increase your cash flow and accelerate your ROI? Have you heard...
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...
Sage Fixed Assets Version 2019.1 – Tax Law Updates and User Enhancements
Sage software has recently released Sage Fixed Assets version 2019.1 update. It contains a number of updates and changes to help you take advantage of changes under the Tax Cuts and Jobs Act of 2017 and increase your ROI. It also includes increased efficiency...
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...
PATH Tax Act – March Madness Makes Millions!
The PATH Tax Act of 2015 passed last December offers reduced taxes for businesses. However, proactive actions utilizing proven expertise is essential. Owned Assets Based on the PATH Tax Act, businesses can depreciate 50 % of equipment cost and construction costs...
IRS finally passes the Protecting Americans from Tax Hikes Act of 2015!
Here is a link to article on Accounting Today to the high level list of tax extenders finally passed and signed into law as the PATH Act of 2015. IRS Finally Passes the Protecting Americans from Tax Hikes Act of 2015 Most important to our clients are the bonus...