INSIGHTS
We See Things Differently
When we’re not addressing clients’ needs for business and financial advisory, assurance or tax matters, we’re researching, learning and thinking about related subjects. Check out some of our thinking on a broad variety of topics that may impact your organization. And if you’d like to learn more about any of these topics, we’re always happy to talk.
When 15-year depreciation for QIP might be better than 100% bonus depreciation
Earlier this year, Congress finally passed legislation that corrects a drafting error related to real estate qualified improvement property (QIP). The correction is part of the CARES Act. It retroactively allows real property owners to depreciate QIP faster than before, either 100% the year the QIP is placed in service or over a 15-year period. This article explains the change and discusses why, though 100% bonus depreciation might sound a lot better, in some cases 15-year depreciation will provide more tax savings in the long run.
Answers to the Top 9 PPP Loan Forgiveness Questions
Are PPP loan forgiveness applications due on 11/30? Answers to this and all other PPP Loan Forgiveness questions, keeping you up at night.
What individuals and families can expect from the CARES Act
How Nonprofits Can Benefit from the CARES Act
How Businesses Can Get Financial Relief from the CARES Act
