Three Tax Saving Strategies for Architecture & Engineering Firms

08/30/2021

Architecture and engineering firms that are not claiming R&D Tax Credits, Employee Retention Tax Credits, or 179D are potentially leaving millions of dollars in tax benefits on the table each year. What are these benefits, and what cash flow is being overlooked? R&D Tax Credit Architecture and engineering firms may want to take another look … Read More

2019 Legislative Tax Updates for Real Estate

12/20/2019

For the most up-to-date information on Qualified Improvement Property, see our latest post. Our technical team has been keeping tabs on the latest updates on the Hill in regards to tax extenders and technical corrections, given how they may impact Green Building Tax Incentives (45L and 179D) and the cost recovery of Qualified Improvement Property … Read More

PATH Act Improves Realty Tax Breaks, But…

05/05/2016

“As a general rule, the cost of commercial real estate improvements is recovered over a painfully long period of 39 years via straight line depreciation only.However, for specially defined categories of realty improvements, taxpayers may be entitled to the hat-trick of tax breaks: expensing under Section 179 of part of the cost of the improvements; … Read More

Promising News on Tax Extender Legislation

12/09/2015

On December 7, 2015, House Ways and Means Chairman Kevin Brady (R-TX) unveiled proposed legislation to extend a number of tax provisions that expired at the end of calendar year 2014. The proposed legislation would prevent tax increases on millions of families and businesses as the 2015 tax year filing season begins early next year. … Read More

Senate passes Tax Extenders for 2014; President Expected To Sign Into Law

12/17/2014

On Tuesday December 16th, the Senate passed H.R.5771 to extend several expired tax provisions and President Obama is expected to sign it into law in the coming days. The extension is retroactive from January 1, 2014, through the end of this year with minimal changes to the prior tax provisions.H.R.5771 was originally passed by the … Read More

Chairman Boustany Suspects GSA of abusing the 179D Tax Deduction

05/10/2012

Facts: On May 3, 2012, Charles Boustany, Jr., Chairman of the House Committee on Ways and Means Subcommittee on Oversight, raised question as to whether the General Services Administration (GSA) is abusing the 179D Tax Deduction. Recent documentation insinuates that the GSA may be improperly requiring contractors to provide kickbacks in order to allocate 179D … Read More

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

05/21/2001

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