Food and Beverage Guides & Resources
Best Restaurant Ordering System Software Features
Read More
Sep 13, 2019
Filed under: Point of Sale, Restaurant POS
Preferred Providers
Best Restaurant POS
Best Free POS
Best Credit Card Processor
Best Business Lender
Latest Articles
DIY Cost Segregation: Can You Do A Cost Segregation Study Yourself?
For property owners, cost segregation can help save thousands of dollars through accelerated depreciation. The required cost segregation study to realize these savings can be expensive, so can you bypass this expense with DIY cost segregation?
Read more
When Can You Do A Cost Segregation Study?
The best time to do a cost segregation study is the year the property is put into service. This is the same year that you purchase, construct, or remodel the property. However, if you didn’t order a study in the first year, you haven’t missed out. You can have a cost segregation study done at any time with a look-back study.
Read more
How To Report Cost Segregation On Your Tax Return
You’ve decided to cash in on accelerated depreciation with cost segregation, but what are your next steps once the study is complete? How you claim this depreciation varies based on whether the study was completed the same year you purchased the property or if you had a look-back study performed later.
Read more
What Is A Chargeback?
Chargebacks happen to every merchant. In fact, you probably won’t be able to eliminate all chargebacks as long as you keep accepting credit cards. The best you can do is to contain them and reduce them to a small number. What is left is just a part of the cost of doing business.
Read more
The Complete State Of Florida Payroll & Payroll Taxes Guide
Blessed with no state or local income taxes, Floridian businesses enjoy one of the laxest tax codes in the country. That leaves them with much less number crunching and heavy lifting to do in their payroll management. And coupled with highly intuitive payroll management software, small and medium scale business owners in Florida can process their payrolls personally with relatively greater ease. Learn more about Florida payroll rules and regulations here!
Read more
What Is A Cost Segregation Look-Back Study?
While it is generally recommended to do a cost segregation study in the same year a property is purchased, built, or remodeled, this doesn’t always occur. Property owners that do not do a cost segregation study in the same year that property was put into service can do a cost segregation look-back study.
Read more
What Is A Rental Property Depreciation Limit?
The Internal Revenue Service allows property owners to depreciate the value of an investment rental property over 27.5 years using the Modified Accelerated Cost Recovery System (MACRS). This applies to all properties put into service on or after January 1, 1987.
Read more
The Top 12 Rental Property Tax Deductions
If you own a rental property (or several), there are several write-offs that you can deduct to lower your tax bill. This includes everything from mortgage interest and homeowner’s insurance premiums to the money you pay toward utilities, repairs, and employee wages.
Read more
What Is Cost Segregation Bonus Depreciation?
Bonus depreciation is a tax incentive that allows businesses to write off a large percentage of the cost of an asset in the first year it’s placed into service. In 2024, 60% of the cost of qualified property can be written off in the first year it’s placed in service.
Read more
