Tax laws and regulations are constantly changing, and it can be difficult to keep up with it all. In this blog, CSSI experts share their insights around the most relevant issues and developments impacting your tax situation.
With the 2024 tax year wrapping up, it’s important to understand bonus depreciation for 2024 and cost segregation and how they can impact your taxes. Some tax benefits will prove beneficial for businesses when filing 2024 taxes. What is Bonus Depreciation? The term bonus depreciation focuses on first-year depreciation, where a business can deduct a […]
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The Research & Development (R&D) tax credit has long been a cornerstone of U.S. innovation policy, incentivizing businesses to invest in technological advancements and maintain global competitiveness. As of April 2026, several legislative initiatives aim to expand and enhance this credit, addressing both longstanding challenges and emerging opportunities. The Current Landscape Under Internal Revenue Code […]
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Owning commercial real estate comes with a unique set of tax advantages, and one of the most powerful tools in your arsenal is cost segregation. This strategic approach allows you to accelerate depreciation deductions, significantly reducing your tax burden and boosting cash flow. In this comprehensive guide, we’ll delve into the intricacies of cost segregation […]
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Introduction to Catch Up Depreciation Have you owned a commercial building for several years? If so, you might be missing out on significant tax savings. A cost segregation study can unlock valuable depreciation deductions, even for older properties. This process, often referred to as “catch-up depreciation,” allows you to claim additional depreciation for past years, […]
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