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.
When it comes to maximizing tax efficiency, understanding the tools available to you is critical. One of the most powerful yet underutilized tools in the tax strategy toolbox is IRS Form 3115, Application for Change in Accounting Method. If you’re a property owner, real estate investor, or business taking advantage of strategies like cost segregation, […]
Read More
When running a business (or owning real estate), one of the more tedious, and audit-risky, questions is whether an expense should be expensed immediately or capitalized and depreciated over time. The de minimis safe harbor election (under IRS § 1.263(a)-1(f)) offers a helpful shortcut to simplify that decision for many smaller expenditures. Below, you’ll find […]
Read More
In today’s competitive hospitality landscape, maximizing your return on investment is crucial, especially for RV park owners. One powerful, yet often overlooked, tax strategy is cost segregation. This IRS-recognized method can dramatically accelerate depreciation deductions, significantly improve your cash flow and boosting profits. Whether you’re developing a new park or have owned one for years, […]
Read More
Innovation is the lifeblood of any thriving business. It fuels growth, drives competitiveness, and paves the way for groundbreaking discoveries. However, innovation often requires significant investment, and that’s where the Research and Development (R&D) Tax Credit comes in. This valuable tax incentive is designed to reward businesses for their commitment to innovation, helping them recoup […]
Read MoreHave a question or need assistance? One of our team members will be in touch within the next business day.
