Category Archives: Accountant

S Corp Employment Taxes | Avoid Double Taxation

Learn how to avoid double taxation and lower your employment tax liability by forming an S corporation. Source: S Corp Employment Taxes | Avoid Double Taxation

Posted in Accountant, Accounting, Cost Segregation, Federal Income Tax, Income Tax, Income Taxes | Leave a comment

How does owning Rental Property affect taxes?

How does owning Rental Property affect taxes? Many people own rental property.  Residential rental property includes a single-family house, duplex, triplex, quad-plex, and, of course, apartments of all sizes.  Rental property can also include commercial property.  This can include all types … Continue reading

Posted in Accountant, Accounting, Apartments, Commercial Real Estate, Cost Segregation, CPA, Income Tax, Income Taxes, Multifamily, Tax Deductions, Tax Planning | Leave a comment

What are the new Tangible Property Regulations?

What are the new tangible property regulations? Many of you know, and just as many don’t know, there are new tangible property regulations.  The IRS has been working on these tangible property regulations over 4 years.  They were finalized and enacted … Continue reading

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What is Accelerated Depreciation?

What is accelerated depreciation? Well, in layman’s terms, it is the depreciation of fixed assets at a faster rate early in their useful lives.  Accelerated depreciation reduces the amount of taxable income in the early stages of asset life.  The result is, … Continue reading

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CPA Ecstatic with Cost Segregation Results!

CPA is ecstatic with cost segregation results for her office! We have worked with Chandler & Knowles, CPAs, for many years and recently completed a cost segregation study on their corporate offices in Flower Mound, Texas. After providing the CPAs … Continue reading

Posted in Accountant, Accounting, AICPA, Amarillo Cost Segregation, Austin Cost Segregation, Birmingham Cost Segregation, Commercial Real Estate, Cost Segregation, CPA, Dallas Cost Segregation, Del Rio Cost Segregation, Denver Cost Segregation, Federal Income Tax, Franklin Cost Segregation, Houston Cost Segregation, Income Tax, Income Taxes, LA Cost Segregation, Lubbock Cost Segregation, Nashville Cost Segregation, New York Cost Segregation, San Angelo Cost Segregation, San Antonio Commercial Real Estate, San Antonio Cost Segregation, Seattle Cost Segregation, TACPA, Waco Cost Segregation | Leave a comment

CPAs & Cost Segregation Firms

CPAs & Cost Segregation Firms…really, a marriage made in heaven! Today more than ever, CPAs are in need of a good, quality cost segregation firm.  The reasons are many… Added value benefit to suite of services Support the new IRS … Continue reading

Posted in Accelerated Depreciation, Accelerates Depreciation, Accountant, ADCPA, AICPA, Amarillo Cost Segregation, American Society of Cost Segregation Professionals, ASCSP, Austin Cost Segregation, Birmingham Cost Segregation, Cost Segregation, CPA, Dallas Cost Segregation, Del Rio Cost Segregation, Denver Cost Segregation, Franklin Cost Segregation, Houston Cost Segregation, Income Tax, Income Taxes, LA Cost Segregation, Lubbock Cost Segregation, Nashville Cost Segregation, New York Cost Segregation, San Angelo Cost Segregation, San Antonio Commercial Real Estate, San Antonio Cost Segregation, Seattle Cost Segregation, TACPA, Waco Cost Segregation | Leave a comment

Repair Capitalization Regulations 2014

IRS Repair and Capitalization Regulations 2014…how do they affect me? The IRS has released much-anticipated final “repair” regulations (T.D. 9636).  These fall under IRC § 162(a) and § 263(a).  The new Repair Capitalization regs govern when taxpayers must capitalize and … Continue reading

Posted in Accelerated Depreciation, Accelerates Depreciation, Accountant, Accounting, ADCPA, AICPA, Amarillo Cost Segregation, Austin Cost Segregation, Birmingham Cost Segregation, Commercial Real Estate, Cost Segregation, CPA, Dallas Cost Segregation, Del Rio Cost Segregation, Denver Cost Segregation, Federal Income Tax, Franklin Cost Segregation, Houston Cost Segregation, Income Tax, Income Taxes, LA Cost Segregation, Lubbock Cost Segregation, Nashville Cost Segregation, New York Cost Segregation, Repair & Capitalization, San Angelo Cost Segregation, San Antonio Commercial Real Estate, San Antonio Cost Segregation, Seattle Cost Segregation, T.D. 9636, Tangible Personal Property, Waco Cost Segregation | Leave a comment

Section 179 limited to $25,000 in 2014…does it affect Cost Segregation?

Section 179 limited to $25,000 in 2014…does it affect Cost Segregation? First of all…what is Section 179?  Section 179 is an IRS tax code allowing businesses to deduct qualifying purchases during the tax year.  A qualifying purchase includes equipment and … Continue reading

Posted in Accelerated Depreciation, Accelerates Depreciation, Accountant, Amarillo Cost Segregation, American Society of Cost Segregation Professionals, ASCSP, Austin Cost Segregation, Birmingham Cost Segregation, Commercial Real Estate, Cost Segregation, CPA, Dallas Cost Segregation, Del Rio Cost Segregation, Denver Cost Segregation, Franklin Cost Segregation, Houston Cost Segregation, Income Tax, Income Taxes, LA Cost Segregation, Lubbock Cost Segregation, Nashville Cost Segregation, New York Cost Segregation, San Angelo Cost Segregation, San Antonio Commercial Real Estate, San Antonio Cost Segregation, Seattle Cost Segregation, Waco Cost Segregation | Leave a comment

A Culture of Commitment and Accountability

A Culture of Commitment and Accountability…do you foster it? Like most of you, I believe that no matter how well I’m doing, I can always do better. Lately, I have been studying how to get more commitment and accountability out … Continue reading

Posted in Accountant, Accounting, ADCPA, AICPA, CPA, Income Tax, Income Taxes, Tax Deductions, Tax Planning | Leave a comment