Category Archives: Tax Planning

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

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

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

Taco Casa Does Cost Segregation Study on 2nd Store and Saves Money!

  In one of our recent blogs, we shared with you how we were able to save Joey Milner a tremendous amount of money for his Denton, Texas Taco Casa location. Today, we would like to share with you how … 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, Federal Income Tax, Franklin Cost Segregation, Houston Cost Segregation, IRS Form 3115, LA Cost Segregation, Lubbock Cost Segregation, Nashville Cost Segregation, New York Cost Segregation, Restaurants, San Angelo Cost Segregation, San Antonio Commercial Real Estate, San Antonio Cost Segregation, Seattle Cost Segregation, Taco Casa, Tangible Personal Property, Tax Deductions, Tax Planning, Waco Cost Segregation | Tagged , , , , , , , , , , , , , | 1 Comment

How to Maximize Client Gift Deductions!

Let’s explain how to maximize client gift deductions. During the holiday season, most of us small business owners like to give gifts to our customers and clients to thank them for their business.  Unfortunately, the IRS doesn’t offer much in … Continue reading

Posted in AICPA, American Society of Cost Segregation Professionals, Federal Income Tax, Tax Deductions, Tax Planning | Tagged , , | Leave a comment

When Do You Recapture MACRS Depreciation?

When Do You Recapture MACRS Depreciation?  This seem to be the “question-du-jour” of late!  MACRS is Modified Accelerated Cost Recovery System. When a commercial property owner disposes of property that was depreciated using MACRS, any gain on the disposition generally … Continue reading

Posted in §1245, §1250, Accelerated Depreciation, Accelerates Depreciation, American Society of Cost Segregation Professionals, ASCSP, Austin Cost Segregation, Birmingham Cost Segregation, Capital Gains, Commercial Real Estate, Cost Segregation, Dallas Cost Segregation, Denver Cost Segregation, Franklin Cost Segregation, Houston Cost Segregation, LA Cost Segregation, Nashville Cost Segregation, New York Cost Segregation, Real Estate Taxes, San Antonio Commercial Real Estate, San Antonio Cost Segregation, Seattle Cost Segregation, Tangible Personal Property, Tax Planning | Tagged , , , , , , , , | 1 Comment