When talking about cost segregation studies, a common confusion is the difference between reclassification and bonus depreciation and the role that each of them plays in terms of taxes. Let’s dive in.

Reclassificat...

Hi not sure if anyone has a guide or some suggestions from experience but I use credit cards a lot and they aren't doing that much for me right now. I would love to earn miles on purchases and other travel perks. I ha...

I currently use the Amex Platinum Business which is great for travel (Free lounge use, 5x travel rewards, etc) but mediocre with other purchases (1x point per dollar, 1.5X with purchases over 5k). I travel a lot becau...

Hey everyone, not sure if this is the right forum for this question but I thought I'd throw it out there.I've got a $750k rehab coming up and my contractor wanted to know if I wanted him to use one of my credit cards ...

Can anyone recommend a good credit card for business expenses particularly for investment property needs? Id like to get a separate credit card for exclusively business expenses but not seeing any cards with really gr...

I remember someone telling me that the new tax code lets you write-off furniture that you buy for properties under the "hospitality" category (ie. short term rentals). Can someone point me in the right direction and e...

When hiring a management company or a manager, it is probably the single most important aspect of any business, especially in Self Storage.
Some owners are just glad to have a warm body hold down the office.
In th...

Cost segregation is a popular tax deferral strategy and there is often confusion as to the difference between bonus depreciation and reclassification.

Bonus Depreciation
Bonus depreciation is a tax incentive that ...

Has anyone used the smartcoinbox coin operated timers for laundry machines? I want to put in a few washers and dryers, but coin operated machines are a lot more expensive and are from what I’ve heard not any more reli...

Hi everyone, I am currently taking a Tax Analysis class at my university and I came across Section 179 in the tax code. Based on the discussion in class, it seems that as a business owner you can elect to immediately ...