depreciation

First-Year Depreciation Deductions under the TCJA

May 30th, 2024|Categories: Accountant, Business, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Depreciation, Tax, Tax Advisor, TCJA, The Burns Firm|Tags: CPA Dallas, cpa near me, depreciation, First-Year Depreciation Deductions under the TCJA, tax, tax advisor, TCJA, The Burns Firm|

The Tax Cuts and Jobs Act (TCJA) included good news for taxpayers that use cars, SUVs, pickups and vans for business purposes. Specifically, it permanently liberalized the Section 179 first-year depreciation [...]

Get You Piece of the Depreciation Pie Now With a Cost Segregation Study

November 18th, 2021|Categories: Accounting, Burns Firm, Business, Cost Segregation, CPA Dallas, Dallas CPA, Dallas tax return preparer, Services, The Burns Firm|Tags: classifying property, cost segregation, cost segregation study, CPA Dallas, cpa near me, Dallas CPA, depreciation, how to classify property into the appropriate asset class, should i have a cost segregation study done, The Burns Firm|

If your business is depreciating over a 30-year period the entire cost of constructing the building that houses your operation, you should consider a cost segregation study. It might allow [...]