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July 06 2011

New Tax Breaks for Business Owners

Business Owners Looking For New Tax BreaksThere is some good news for business owners looking for more tax breaks this year.Mortgage Tax Deduction Information for HomeownersDue to the current state of the economy, the government has extended many tax breaks to business owners to try and stimulate the economy.Section 179 Business Expense DeductionThe year 2010 will change the amount of equipment that can be deducted for business from $250,000 to nearly a 50% drop to $135,000.

June 06 2011

Give apartment owners tax relief Cost Segregation

Apartment owners can face staggering expenses to maintain apartment communities. The upkeep of even a modest community could involve groundskeeping, unit renovation, and replacements, such as parking lot asphalt and fencing. Another steep expense is federal income tax - and in some areas an additional state tax on income - but through an innovative study known as cost segregation, the depreciation of property components can be used to help lower federal taxes.
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