If property improvements are on your mind, you might want to check out this recent article by Mark Colvin. According to his recent article, “Don’t Miss the Potential Tax Savings on Property Improvements,” “businesses that have made recent improvements to their property may be eligible for tax savings.” A recent IRS ruling is the source of this article commentary clarifying when an expenditure qualifies as a deductible repair and when it should be treated as a capital expenditure. […Continue Reading the Full Article]
As with all tax related topics, please consult with a tax and/or accounting professional for advice on your unique business.