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Get Ready to Say Goodbye to 100 Percent Bonus Depreciation

Get Ready to Say Goodbye to 100 Percent Bonus Depreciation

All good things must come to an end. On December 31, 2022, one of the best tax deductions ever for businesses will end: 100 percent bonus depreciation. Since late 2017, businesses have used bonus depreciation to deduct 100 percent of the cost of most types of property...
How Cost Segregation Can Turn Your Rental into a Cash Cow

How Cost Segregation Can Turn Your Rental into a Cash Cow

Cost segregation breaks your real property into its components, some of which you can depreciate much faster than the typical 27.5 years for a residential rental or 39 years for nonresidential real estate. When you buy real property, you typically break it into two...
Combine Your Home Sale With a 1031 Exchange

Combine Your Home Sale With a 1031 Exchange

You don’t often get the opportunity to even consider making a tax-saving double play. But your personal residence combined with a desire for a rental property can provide just such an opportunity. This tax-saving strategy is to combine the tax advantage of the...
8 Important Steps for Morgantown WV Non-Profits Before Year-End

8 Important Steps for Morgantown WV Non-Profits Before Year-End

With the increased standard deduction this past year ($12,400 single, $24,800 married filing jointly, $18,650 head of household), some smaller charities began to see a decrease in donations.This year might be worse.Yes, I hate to be the one to say these things, but...
The Seven Primary Tasks For Any Morgantown WV Business Team

The Seven Primary Tasks For Any Morgantown WV Business Team

A week past the election, and still plenty of disagreement about the results.That means this is another week where you have the opportunity for the other chumps out there to get massively distracted by the political war games … while you go about quietly...