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Wednesday, March 11, 2020

Tax Liability Issue


 I’m not sure if you have been following tax code changes but this year the tax situation for business owners has changed dramatically. Last year many tax deductions and incentives that clients were used to using to offset taxable liability were drastically lowered or eliminated all-together.
I work with local business owners to take advantage of specialized tax incentives still available to offset tax liability. One of the specialized tax incentives that most business owners are capitalizing on is cost segregation. A cost segregation study filed with your taxes could offset your liability by tens of thousands of dollars or more. The timeframe we are in right now is crucial as tax filing dates are rapidly approaching. It's simple to determine if you would benefit from cost segregation.
We’re slammed with clients right now due to tax deadlines looming, but I wanted to reach out to you. A quick review using the link above is all that’s necessary to confirm your benefit. We’d need to get started soon in order to meet tax deadlines.

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