Due to the current COVID-19 pandemic, companies worldwide are conserving cash and aiming to reduce their equipment purchases. One downside of this is that they may not be able to claim the amount of depreciation tax deductions like they did before.
If you’re concerned about strategic tax planning, you need to learn about cost segregation. This is a financial tool that allows you to evaluate the value of money that goes into construction, renovation or remodeling projects. This allows companies to increase cash flow by deducting the money lost in depreciation and deferring state and federal …
Cost segregation is a commonly used strategic tax planning tool. Learn more in this infographic below: