How Architects and Builders Benefit from the Section 179D Tax Deduction
Possessing or running more energy-efficiently built or renovated buildings may boost your cash flow by lowering your federal income tax obligation for the current year. Designers of buildings owned by the government can also often benefit from this tax-deferral method. To shed more light, we’ve tried to answer the top frequently asked questions below. The […]
Boost Your Client’s Business with Cost Segregation: Unlock Hidden Tax Savings
Tax Day has long come and gone, but dedicated CPA firms have already started planning how to reduce your clients’ business tax burden for next year. One powerful, often overlooked strategy is cost segregation, a method that can significantly increase your clients’ cash flow and reduce tax liability by reclassifying assets into shorter tax lives, […]
Unlock Peak Efficiency with Energy Modeling: The Key to Driving Environmental Sustainability and Cost Efficiency
In today’s world, achieving environmental sustainability targets is not just an option—it’s a necessity. Energy Modeling stands at the forefront of this mission, providing critical, quantifiable insights that modern building services design experts can leverage to ensure energy efficiency and optimal performance. Understanding your building’s energy consumption before construction is vital. Energy Modeling and performance […]
Claiming 179D Deduction: An Essential Guide for Commercial Property Owners
As a commercial property owner or developer, maximizing tax savings while enhancing the sustainability of your buildings can significantly impact your bottom line. One powerful tool is the §179D Energy Efficient Commercial Building Tax Deduction. This deduction, enhanced considerably by the Inflation Reduction Act of 2022 (IRA), offers substantial financial incentives for energy-efficient improvements. Let’s explore how you can benefit from these updates and why the 179D deduction should be on your radar for your 2023 tax returns.