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If you are acquiring, expanding or building a facility Pinnacle’s Cost Segregation team can help you minimize your tax bill and increase your cash flow.
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Learn how your company’s activities to improve your design, products or process can lead to significant R&D tax credits.
Last week the #IRS issued updated draft instructions for Form 6765, Credit for Increasing Research Activities. The upcoming changes reiterate the need for taxpayers to include supporting details for amended tax returns claiming the R&D #tax credit starting January 10, 2022 per FSA20214101F. The draft instructions once finalized will require the following five items of information to be provided for … Continue reading IRS added request for R&D Supporting Details to Form 6765
The #IRS clarified guidelines for the recent amendments made to Section #179D under the 2020 Relief Act and the Inflation Reduction Act of 2022. Section 179D allows #commercialbuilding owners, as well as #architects / #engineers that design governmental buildings to receive a tax deduction for the cost of #energyefficient upgrades. The deduction is designed to encourage businesses to invest in energy-efficient technology for the HVAC system, lighting, … Continue reading 179D Update
Most business owners understand the tax advantages of Bonus depreciation that allows them to write off a large portion of the cost of qualifying assets in the year purchased. This can be a significant tax savings for business owners by encouraging investment in new and used equipment and property each year. The bonus depreciation rate … Continue reading 100% Bonus Depreciation…Time is running out