environmentally friendly tax cuts for business owners
TRANSCRIPT
Environmentally Friendly Tax Cuts
For Business Owners
By Brian Kempf, CPAPrincipal
Rea & Associates
Successful business
owners are always looking
for ways to strengthen
their company’s bottom line.
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Environmentally Friendly Tax Cuts For Business Owners
It’s also more important than
ever for companies to embrace
environmentally friendly business practices.
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Environmentally Friendly Tax Cuts For Business Owners
Businesses that go green
can save some significant
green on their tax bill.
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Environmentally Friendly Tax Cuts For Business Owners
You can also start receiving our bi-weekly electronic newsletter for more business tips and insight right here.
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Environmentally Friendly Tax Cuts For Business Owners
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Even though some green
initiatives may have
higher upfront costs to consider
…
Environmentally Friendly Tax Cuts For Business Owners
Even though some green
initiatives may have
higher upfront costs to consider
…
… the IRS offers a
variety of tax saving incentives
to promote
pro-planet upgrades.
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Environmentally Friendly Tax Cuts For Business Owners
Start your company’s green
initiative and watch your business’s cash flow grow.
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Environmentally Friendly Tax Cuts For Business Owners
If your business has installed solar panels, you may be eligible to take a 30 percent tax
credit for installation and project costs.
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Environmentally Friendly Tax Cuts For Business Owners
An energy-efficient commercial building tax deduction allows businesses to deduct certain costs related to making a building
energy-efficient rather than capitalizing costs over 39 years.Some improvements that might apply include:
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Environmentally Friendly Tax Cuts For Business Owners
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An energy-efficient commercial building tax deduction allows businesses to deduct certain costs related to making a building
energy-efficient rather than capitalizing costs over 39 years.Some improvements that might apply include:
Interior lighting systems
Environmentally Friendly Tax Cuts For Business Owners
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An energy-efficient commercial building tax deduction allows businesses to deduct certain costs related to making a building
energy-efficient rather than capitalizing costs over 39 years.Some improvements that might apply include:
HVACsystems
Interior lighting systems
Environmentally Friendly Tax Cuts For Business Owners
www.reacpa.com
An energy-efficient commercial building tax deduction allows businesses to deduct certain costs related to making a building
energy-efficient rather than capitalizing costs over 39 years.Some improvements that might apply include:
HVACsystems
Interior lighting systems
Hot water
systems
Environmentally Friendly Tax Cuts For Business Owners
www.reacpa.com
An energy-efficient commercial building tax deduction allows businesses to deduct certain costs related to making a building
energy-efficient rather than capitalizing costs over 39 years.Some improvements that might apply include:
HVACsystems
Interior lighting systems
Hot water
systems
Insulation of exterior windows
and doors
Environmentally Friendly Tax Cuts For Business Owners
NOTE: To claim the deduction, you must have a
certified licensed engineer review the project and verify that it meets the IRS’s requirements for a tax deduction.
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Environmentally Friendly Tax Cuts For Business Owners
The maximum deduction that can
be taken is calculated at $1.80 times the building’s square footage for
property placed into service in
2016.
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Environmentally Friendly Tax Cuts For Business Owners
Finally, if you plan to install a geothermal
system, your business may
qualify for a 10 percent tax credit!
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Environmentally Friendly Tax Cuts For Business Owners
With rising electric costs,
implementing some of these
green initiatives can garner tax
savings today and energy cost
savings well into the future!
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Environmentally Friendly Tax Cuts For Business Owners
Looking for more ways to go green and cut
your business expenses?
Email Rea & Associates
to find out how our team of financial experts and
business consultants can help!
www.reacpa.com
Environmentally Friendly Tax Cuts For Business Owners