Looking to get back to business in style and save money?
From office kitchen and bathroom remodels to reconfiguring workspaces and additions that promote social distancing, we can help you get back to business in style and take advantage of new after-tax savings to increase cash flow and put money back in your pocket!
Congress recently passed the Coronavirus Aid, Relief and Economic Security (CARES) Act, which grants businesses a 15-year depreciation period on qualified improvement property (QIP), with eligibility for 100% bonus depreciation.
BEFORE:
QIP given a depreciable recovery period of 39 years
Not eligible for bonus depreciation
NOW:
QIP generally depreciable over a 15-year period
Eligible for 100% bonus depreciation through 2022
What projects could quality?
- Breakrooms
- Kitchens
- Bathrooms
- Reception Areas
Let us help you take advantage of this opportunity.
Contact us today to schedule a virtual consultation and FREE estimate!
