Monthly Archives: November 2023

A Cost Segregation Study May Cut Taxes and Boost Cash Flow

Published on: November 30, 2023 By: Oozle Media

Is your business depreciating over 30 years the entire cost of constructing the building that houses your enterprise? If so, you should consider a cost segregation study. It may allow you to accelerate depreciation deductions on certain items, thereby reducing taxes and boosting cash flow. Depreciation basics Business buildings generally have a 39-year depreciation period…

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Business automobiles: How the tax depreciation rules work

Published on: November 15, 2023 By: Oozle Media

Do you use an automobile in your trade or business? If so, you may question how depreciation tax deductions are determined. The rules are complicated, and special limitations that apply to vehicles classified as passenger autos (which include many pickups and SUVs) can result in it taking longer than expected to fully depreciate a vehicle.

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