Category Archives: Tax Deductions

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

Cash Flow Improves with Cost Segregation

Cash Flow Improves with Cost Segregation. As many of my small business clients know, Section 179 expensing dropped significantly to $25,000 beginning in 2014.  Bonus Depreciation expired as well.  These deductions were very popular tax strategies increasing cash flow.  I … Continue reading

Posted in Accelerated Depreciation, Accelerates Depreciation, Amarillo Cost Segregation, American Society of Cost Segregation Professionals, Austin Cost Segregation, Birmingham Cost Segregation, Commercial Real Estate, Cost Segregation, Dallas Cost Segregation, Del Rio Cost Segregation, Denver Cost Segregation, Franklin Cost Segregation, Houston Cost Segregation, LA Cost Segregation, Land Improvements, 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, Tangible Personal Property, Tax Deductions, 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

Commercial Property Owners Reduce Taxes With Cost Segregation

Commercial Property Owners Reduce Taxes With Cost Segregation Are you a commercial property owner? Did you know that in 1997 the IRS lost a landmark court case to Hospital Corporation of America? This court case led to a tax strategy … Continue reading

Posted in Accelerated Depreciation, Accelerates Depreciation, Amarillo Cost Segregation, American Society of Cost Segregation Professionals, ASCSP, Austin Cost Segregation, Birmingham Cost Segregation, Commercial Real Estate, Cost Segregation, Dallas Cost Segregation, Deferred Sales Trust, Del Rio Cost Segregation, Denver Cost Segregation, Franklin Cost Segregation, Houston Cost Segregation, 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, Tax Deductions | Tagged , , , , , , , , , , | 1 Comment

A Little Known Secret for Reducing Current Tax Liabilities

Would you like to know a secret in reference to lowering your current tax liabilities? As a business owner, you want to save money any way that you can. There are many different proven income tax strategies  that can help … Continue reading

Posted in Accelerated Depreciation, Accelerates Depreciation, Amarillo Cost Segregation, American Society of Cost Segregation Professionals, Austin Cost Segregation, Birmingham Cost Segregation, Commercial Insurance, Commercial Real Estate, Cost Segregation, Dallas Cost Segregation, Del Rio Cost Segregation, Denver Cost Segregation, Franklin Cost Segregation, Houston Cost Segregation, 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, Tangible Personal Property, Tax Deductions, Waco Cost Segregation | Tagged , , , , , , , , , , | Leave a comment

Start the New Year off right…reduce your 2014 Income Taxes Today!

Another Christmas is past, are you ready to start the new year off right and reduce your 2014 income taxes today?  As you begin compiling all your-end business details to get ready for the next tax year, the thought of … Continue reading

Posted in Accelerated Depreciation, Accelerates Depreciation, Amarillo Cost Segregation, Austin Cost Segregation, Commercial Insurance, Commercial Real Estate, Cost Segregation, Dallas Cost Segregation, Del Rio Cost Segregation, Denver Cost Segregation, Franklin Cost Segregation, Houston Cost Segregation, Nashville Cost Segregation, New York Cost Segregation, San Angelo Cost Segregation, San Antonio Commercial Real Estate, Tangible Personal Property, Tax Deductions, Tax Planning, Waco Cost Segregation | Tagged , , , , , , , , , , , , , , | Leave a comment

3 Top Proven Income Tax Strategies

Here are 3 top proven income tax strategies available to commercial property owners. There is no doubt about it, the income tax burden business owners face is often one of the biggest financial challenges and nightmares that one will encounter.  … Continue reading

Posted in Accelerated Depreciation, Accelerates Depreciation, Amarillo Cost Segregation, American Society of Cost Segregation Professionals, Austin Cost Segregation, Birmingham Cost Segregation, Capital Gain Taxes, Commercial Real Estate, Cost Segregation, Dallas Cost Segregation, Deferred Sales Trust, Del Rio Cost Segregation, Denver Cost Segregation, Federal Income Tax, Franklin Cost Segregation, Houston Cost Segregation, LA Cost Segregation, Lubbock Cost Segregation, Nashville Cost Segregation, New York Cost Segregation, Personal Growth, San Angelo Cost Segregation, San Antonio Commercial Real Estate, San Antonio Cost Segregation, Seattle Cost Segregation, Tax Deductions, Tax Planning, Waco Cost Segregation | Tagged , , , , , , , , , , , , , , , | Leave a comment

Commercial Real Estate and Cost Segregation: How they go hand in hand

As a property owner of commercial real estate, are you aware of the depreciation benefits that are at your disposal? Did you know that many of your business assets as well as land improvements may qualify for accelerated depreciation? Instead … Continue reading

Posted in Accelerated Depreciation, Accelerates Depreciation, Amarillo Cost Segregation, American Society of Cost Segregation Professionals, Apartments, ASCSP, Austin Cost Segregation, Birmingham Cost Segregation, Commercial Insurance, Commercial Real Estate, Cost Segregation, Dallas Cost Segregation, Del Rio Cost Segregation, Dentist Office, Denver Cost Segregation, Franklin Cost Segregation, Hotel Properties, Houston Cost Segregation, LA Cost Segregation, Lubbock Cost Segregation, Medical Office Building, Multifamily, Nashville Cost Segregation, New York Cost Segregation, Pharmacies, Restaurants, San Angelo Cost Segregation, San Antonio Commercial Real Estate, San Antonio Cost Segregation, Seattle Cost Segregation, Self-Storage Facility, Tax Deductions, Tax Planning, Waco Cost Segregation | Tagged , , , , , , , , , | Leave a comment

Good Bye 2013…Hello 2014! Is your business ready?

Can you believe it?  Is your business ready?  The holidays are hear and with them come all the much loved family gatherings, cold weather and festive holiday times.  No doubt about it, the holidays bring joy to most.  However, for … Continue reading

Posted in Amarillo Cost Segregation, American Society of Cost Segregation Professionals, Austin Cost Segregation, Birmingham Cost Segregation, Business, Capital Gain Taxes, Capital Gains, Commercial Insurance, Commercial Real Estate, Cost Segregation, Dallas Cost Segregation, Deferred Sales Trust, Del Rio Cost Segregation, Denver Cost Segregation, Federal Income Tax, Franchise Tax, Franklin Cost Segregation, Houston Cost Segregation, LA Cost Segregation, Lubbock Cost Segregation, Nashville Cost Segregation, New York Cost Segregation, Personal Growth, Real Estate Taxes, San Angelo Cost Segregation, San Antonio Commercial Real Estate, San Antonio Cost Segregation, Seattle Cost Segregation, State Sales Tax, Tangible Personal Property, Tax Deductions, Tax Planning, Waco Cost Segregation | Tagged , , , , , , , , , , | Leave a comment

Tax Provisions Expiring New Year’s Eve

There are dozens of tax provisions expiring New Year’s Eve…or dropping significantly the moment we’re in 2014. You may want to consider taking advantage of some of these breaks over the next two weeks as several of these provisions will … Continue reading

Posted in §1245, §1250, Federal Income Tax, Tangible Personal Property, Tax Deductions, Tax Planning | Comments Off on Tax Provisions Expiring New Year’s Eve