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Blog: Tax Savings
Uncover Special Tax Deductions Ending December 2022

Uncover Special Tax Deductions Ending December 2022

Recover Overpayments from Previous Years and Lower Your Next Quarterly Estimated Tax Bill by Taking Advantage of Laws for Tax Deductions Ending December 2022   The CARES Act of 2020 significantly changed tax depreciation allowances for retail businesses under the...

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Alert! New Updates to the 179D Energy Tax Deduction

Alert! New Updates to the 179D Energy Tax Deduction

Big Changes Are Coming to the 179D Energy Tax Deduction in January 2023   On Tuesday, August 16, 2022, President Biden signed the Inflation Reduction Act (IRA) into law – one of the most sweeping climate bills ever created. The IRA is a massive piece of...

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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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The Importance of Fixed Asset Inventories

The Importance of Fixed Asset Inventories

Implementing a fixed asset inventory solution is vital for organizations for many reasons. A proper accounting of assets can save time and money, reduce theft, improve planning and budgeting, eliminate “ghost and zombie assets,” and help an organization recover after...

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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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