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.
The bioscience industry thrives on innovation, from groundbreaking pharmaceuticals and medical devices to agricultural biotechnology and diagnostic tools. But innovation is expensive, and many companies don’t realize they can recover a significant portion of those costs through the Research and Development (R&D) Tax Credit. For bioscience companies, this incentive can improve cash flow, fund future […]
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Cost segregation delivers powerful timing benefits, while Section 481(a) inventory adjustments can increase or decrease taxable income when you change accounting methods. Handled together, they can smooth cash flow, reduce surprises, and keep you compliant. Here is how the puzzle pieces fit, and how to make them work for you. What is a 481a Adjustment? […]
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Commercial real estate owners have two powerful tools to accelerate deductions when they renovate or refresh a building. Partial Asset Disposition (PAD) lets you write off the remaining basis of components you remove. Qualified Improvement Property (QIP) lets you rapidly expense many interior remodel costs. Used together, and guided by an engineering-based cost segregation study, […]
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When businesses invest in equipment, vehicles, or building improvements, the IRS offers valuable tax incentives to encourage growth. Two provisions that often come up in this conversation are Section 179 and Section 179D. While their names sound similar, these sections of the tax code apply to very different types of deductions. What Is Section 179? […]
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