News & Articles
§179D EPAct §179D Tax Deduction
Recommendations on §179D Deduction for A&E Firms Under Consideration by Treasury
May 19,2010 -- In a meeting with Treasury on May 19, SourceCorp made recommendations on the §179D tax deduction with regard to how it can be taken by A&E firms
Tax Deduction for Energy Efficient Commercial Buildings
If your clients own, or are lessees of, a commercial building and install property as part of the commercial building’s interior lighting systems, heating, cooling, ventilation, and hot water systems, or building envelope, they may benefit from the availability of substantial tax deductions...
L.A. passes a green building law to clean the air
Los Angeles embarked on one of its most ambitious projects to combat global warming on Monday, becoming the biggest city in the nation to impose green building rules that would potentially cut millions of tons of pollution over the next decade. In a unanimous vote, the City Council passed an ordinance requiring builders of large commercial and residential developments to adopt such measures as planting drought-resistant landscaping and using recycled materials and energy-efficient heating, cooling and lighting...
Building Green Is Sustainable & Provides Tax Deductions
9 out of 10 cities anticipate requiring in the next year that new city buildings be energy efficient, healthy and environmentally sustainable. Your clients may be eligible for a tax deduction of up to $1.80 per square foot for improving the energy efficiency of their existing commercial buildings or if they design high efficiency into new buildings. The Energy Policy Act of 2005 includes a tax deduction for investments in “energy efficient commercial building property” designed to significantly reduce the heating, cooling, water heating, and interior lighting energy cost of new or existing commercial buildings...
LIFO Accounting
Dealerships Can Now Group Vehicles – LIFO Pooling
IRS reverses course on dealership LIFO pooling after three decades. Confusion over which LIFO pool SUVs, mini-vans, and crossovers should be included in is finally over. With the release of Rev. Proc. 2008-23, auto dealerships may now...
Lessen The Load of Rising Inflation - by Chris Henderson, VP Operations, Sourcecorp Professional Services
Cost Segregation
Tax Stimulus Will Benefit Companies
Bonus depreciation legislation signed by President Bush on Feb. 13, 2008 helps businesses in two ways. It gives companies a 50 percent bonus deduction on new equipment ...
If walls could talk money; paying less federal income tax - Hidden within the walls, roof, plumbing, electrical system and many other aspects of your commercial building are yearly federal income tax savings waiting to be discovered.
R&D Tax Credit
Refundable NY State Tax Credit is Windfall for Small Companies
Recent Court Cases Related to R&D Tax Credits
