by Bill Smith | Mar 3, 2021 | Uncategorized
DO WE QUALIFY? The Employee Retention Tax Credit (ERTC) as amended by the Consolidated Appropriation Act (CAA2021) offers much needed tax relief. Essentially it’s phase two CARES Act. Understanding updates and amendments to legislation can be challenging. There...
by Bill Smith | Jan 7, 2021 | Uncategorized
179D and 45L Incentives Extended: The latest coronavirus relief bill, the “Consolidated Appropriations Act, 2021” (CAA 2021), passed on December 21, 2020. It made two key changes that effect the commercial real estate industry; the 179D and 45L incentives are...
by Bill Smith | Nov 27, 2020 | Uncategorized
Many have asked; what happens to the beneficial commercial real estate tax benefits now that a non-commercial real estate guy will be President of the United States? Before answering what happens to bonus depreciation, we must first consider the overall impact of...
by Bill Smith | Oct 15, 2020 | Uncategorized
Reduce your tax burden and improve cash flow before the year runs out The tax year is closing out, and year end tax planning is upon us. And what an unprecedented year it has been. The COVID-19 pandemic has impacted the Commercial Real Estate (CRE) industry in many...
by Bill Smith | Aug 5, 2020 | Uncategorized
Cost Segregation is an effective tax strategy The fundamental role of cost segregation is to increase cash flow. The increase in cash flow is achieved by reducing your current income tax liability. Cost Segregation is a lucrative Tax Strategy that should be used in...
by Bill Smith | Apr 6, 2020 | Uncategorized
Providing a much longed-for technical correction to the TCJA, the CARES Act fixes the so-called “retail glitch.” Qualified improvement property is now 15-year property, and eligible for bonus depreciation, and is retroactive to 2018. The passage of the CARES...