GSA Asked for Tax Break ‘Kickback’


Accounting Today published an article today entitled “GSA Asked for Tax Break ‘Kickback’”.”The General Services Administration is now coming under scrutiny for offering government contractors a tax deduction in exchange for giving the agency 19 percent of the money from the tax break. The agency is already under fire for the spending at a lavish … Read More

Proposed 179D Tax Credit for 2013


President Obama released his FY 2013 federal budget proposal to Congress on February 13, 2012, which is anticipated to reduce the overall economic deficit and contribute to the long-term growth of the economy. Within the framework of the proposal, Obama is suggesting a modification to the existing energy efficient commercial building deduction (Section 179D of … Read More

Obama’s Plan to Win the Future….


The White House / Office of Media AffairsPresident Obama’s Plan to Win the Future by Making American Businesses More Energy Efficient through the “Better Buildings Initiative”In his State of the Union, President Obama laid out his vision for winning the future by investing in innovative clean energy technologies and doubling the share of electricity from … Read More

Tax Relief Act (H.R. 4853) Overview


Summary of H.R. 4853 Benefits 100% Bonus Depreciation & Extension of 50% Bonus– Temporary 100% bonus depreciation deduction for qualifying property placed in service between 9/9/10 and 12/31/11. 50% Bonus Depreciation provisions have also been extended through the end of 2012 (2013 for certain property).   15-Year Life for Qualified Real Property – 2-year extension … Read More

State, Local and Federal Incentives for Green Buildings


The wide array of tax and financial incentives for eco-minded construction and improvements have developers, architects and designers seeing green. Federal, state and local governments have created and extended over 2,000 financial incentive programs to reward energy efficiency and the use of alternative energy in the design, construction, and improvement of buildings and homes. To … Read More

Tax Incentives for Green Building Construction


Several lucrative federal tax incentives have been extended and enhanced for energy efficient design, construction, and improvement of buildings and homes. Companies that developed properties without necessarily trying to “go green” are often pleasantly surprised to discover that they qualify for these credits and deductions. The types of taxpayers that are likely to benefit from … Read More

Green Incentives: Rewarding the Environment—and Your Bottom Line


The federal tax incentives for going green have grown steadily over the past five years, yet many businesses fail to pursue them, leaving many tax credits and deductions on the table. The Emergency Economic Stabilization Act of 2008 and the American Recovery and Reinvestment Tax Act of 2009 introduced and renewed numerous energy tax breaks … Read More

Architecture and Engineering Firms: Use These Tax Strategies to Free Up Cash Now


Many companies take advantage of tax savings across various industries, including Architecture & Engineering (A&E). Two tax savings that A&E companies can qualify for are the research and development (R&D) tax credit and the 179D tax deduction. The R&D tax credit provides dollar-for-dollar cash savings each year for companies performing activities related to developing new … Read More