Blog

National Cost will be exhibiting at AAHOA March 30-31, 2016

March 10, 2016 — Comments

National Cost will be at AAHOA! Stop by Booth 665 or make an appointment with us to find out how we can help hotel owners capture important deductions.

We will be exhibiting at the conference from March 30-31, in Nashville, Tennessee.

 

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Can anything be done for Properties Purchased or Constructed in Prior Years?

October 13, 2015 — Comments

In life, we are rarely afforded a second chance. Life is unforgiving. More often than not – a mistake made is a mistake that will be paid for. This is especially true for any situations regarding money. Or situations involving the IRS.

Yet, it seems Uncle Sam and his friends at the IRS have left a loophole open for business and property owners. In some…

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Is a Cost Segregation Study Beneficial?

October 8, 2015 — Comments

Do you pay taxes and own commercial real estate? Well, you could be eligible to reduce your income taxes by cost segregation. How much can you save? The answer depends on many variables. The more your property cost, the greater the savings that can be had. Buildings that have had updates, or were constructed or purchased before 1987, could be in line for cost…

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Large Tax Breaks Handed Out to New HVAC Hotels and Apartment Technology

October 7, 2015 — Comments

An innovative and new HVAC technology referred to as VRV, which stands for variable refrigerant volume system (also known as VRF, or variable refrigerant flow), has the ability to significantly reduce the energy expenses for hotels and apartment buildings.

Designed in Japan nearly 20 years ago, the new technology began to make its mark in the US market after the Energy Policy Act of 2005,…

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See Green, Save Big on Energy Tax Deductions

September 28, 2015 — Comments

If a building owner is going to erect a building or another form of new construction, it makes sense to know the energy tax incentives available to him or her. By utilizing these deductions, a building owner can recoup some of the cost associated with building the structure—allowing him or her to get cash back in taxes.

The Energy Policy Act of 2005

As part of…

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Could You Benefit from Cost Segregation?

September 23, 2015 — Comments

Many American taxpayers are simply paying too much in taxes. Instead of using the avenues afforded to them, many individuals just hand over more and more of their money to the government each year.

This is especially true for individuals who own commercial real estate properties. By utilizing cost segregation, nearly every taxpayer owning commercial properties can reduce their tax burden. The first step is…

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Energy Efficient Hospitals, LED Lighting, HVAC, and Taxes

September 15, 2015 — Comments

Healthcare has begun to undergo widespread changes within the United States. As “Obamacare” has been instated, every hospital has been remunerated on two factors: quality of health care and low readmission rates.

 

LED lighting and HVAC systems, focusing on energy efficiency have been shown to reduce operating and maintenance costs within hospitals. As a result, many hospitals who have improved their energy efficiency have also…

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Can your Business Go “Green” in 2015?

September 11, 2015 — Comments

 

Our modern business climate is more competitive than ever. Every single penny seems to count. Each dime saved is a step up on the competition. With this in mind, many business owners have been looking for ways to save.

Paying workers less is sometimes consider. Cutting benefits often is alluring. Reducing overhead can be a great idea. Yet, one of the often-overlooked costs of owning…

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Every Contractor Should Know this One Tax Incentive by Heart

September 8, 2015 — Comments

Just like every other form of business, contractors are always looking for ways to make more money. More money equals more employees, and more employees equal more jobs completed.

 

If you’re a contractor looking to make more money – the answer may be hidden in a tax incentive tightly tucked away by Uncle Sam and the IRS.

 

What Section 179D can do for you?

 

Originally packaged as…

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Are you Eligible for an Unused Tax Deduction?

September 4, 2015 — Comments

I know you read the title and instantly crossed your fingers hoping you could get a piece of the tax deduction pie. Well, you might be in luck. Contractors across the nation, including roofing contractors, may qualify for retroactive deductions – as far back as 2006!

 

What is Section 179D?

 

Other than being a tax break many contractors have been unaware of – IRS Section 179D…

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Tax Incentive for Energy Efficient Buildings

September 3, 2015 — Comments

Do you own a commercial building? If so, you are in luck. An energy tax incentive under the IRS Code Section 179D is giving an immediate tax deduction, all the way up to $1.80 per square foot, for commercial buildings that meet these special criteria. These buildings must achieve a 50% reduction in their total energy power cost.

Created by the Energy Policy Act of…

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Updates to the Chairman’s Mark Mean Changes to Section 179D

August 27, 2015 — Comments

In late July, modifications to the “Chairman’s Mark” took place extending and revising portions of Section 179D. Moving quickly, the Section 179D approval shot through a brief markup of an hour and a half before terms were finalized. The reason modifications were made was to include, by the proposal, a two-year 179D extension into the general wording of the SFC’s tax extenders package.

The new…

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Property Owners : Explaining Expensing IRS Regulations

January 16, 2015 — rankadvisor — Comments

Property Owners have a helping hand from the IRS

The IRS released Permanent and Proposed Regulations in September that actually provide a great deal of benefit to savvy property owners. While these regulations are complex and far reaching, I will attempt to provide an “elevator pitch” on these regs.

First of all, the Permanent Regulations pertaining to IRC Section 1.263 (a), (b) and (c) provide clarification…

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Energy Efficient Commercial Buildings Deduction (179D)

January 16, 2015 — rankadvisor — Comments

See how Apartments can be eligible for 179D Energy Efficient Commercial Buildings Deduction

The Energy Efficient Commercial Building Deduction, included in Internal Revenue Code Section 179D, is commonly called the Commercial Building Deduction or the 179D deduction. Enacted as part of the Energy Policy Act of 2005, the provision encourages building owners to increase energy efficiency in new and remodeled buildings by providing an immediate…

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Taxes and the Small Business

January 16, 2015 — rankadvisor — Comments

The tax filing deadline for 2013 tax returns is right around the corner – March 17 for corporations reporting on a calendar year, and April 15 for partnerships, limited liability companies, and sole proprietorships.

More than one-third of business owners cut it close to the deadline and wait until two weeks before or less to file, according to a recent small-business survey by The Hartford….

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Energy Tax Benefits for Architects

January 16, 2015 — rankadvisor — Comments

Take advantage of the 179D tax benefit before it is gone! Architects are eligible for a federal tax benefit of up to $1.80 per square foot for the design of energy-efficient public buildings placed into service prior to December 31, 2014. The tax incentive allows for a 3 year look back window for Architects, Engineers and Contractors.

Designers are experiencing positive effects on their businesses…

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Opportunity in Tax Filings for 2013 Opportunity in Tax Filings for 2013

January 16, 2015 — rankadvisor — Comments

Over the past few months, the IRS has finalized the tangible property regulations in relation to the acquisition, repair and/or disposition of tangible property (T-Regs), along with further guidance. This guidance has clarified partial disposition elections (Revenue Procedure 014-17) along with automatic consents for accounting method changes and elections under the final regs.

One of the key areas of opportunity for taxpayers lies in the…

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HVAC considerations: How to get the most out of EPact Section 179D

January 16, 2015 — rankadvisor — Comments

HVAC equipment is expensive and long-lived. What’s more, these systems are sometimes so large that it is difficult to get new units into place without significant construction costs. So it’s no surprise that decades may elapse between the time a boiler, chiller or air handler is installed and the day it is replaced.

The demands on an HVAC system depend to a considerable extent on…

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Taking Advantage of 179D Tax Incentives

January 16, 2015 — rankadvisor — Comments

This tax incentive, pursuant to new Internal Revenue Code Section 179D, is known as the Energy Efficient Commercial Building Property Deduction. This deduction was first introduced as part of the Energy Policy Act of 2005 (EPAct) and has most recently been extended until December 31, 2014.The tax incentives provided under this section are available for building owners, businesses, individuals, tenants and primary designers of…

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Whats the Latest? – 179D Tax Break for Energy Efficient Buildings

January 16, 2015 — rankadvisor — Comments

179D Tax Break for Energy Efficient Buildings – For architects, engineers and contractors working on federal, state or local government contracts– there is a lot of discussion about the 179D tax breaks for energy efficient buildings. The latest update, which i want to share with you on this little-known big tax break that is available now, can put sometimes hundreds of thousands of dollars…

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Senate Finance Approves Tax Extenders

January 16, 2015 — rankadvisor — Comments

The Senate Finance Committee approved by a bipartisan voice vote Thursday, April 3rd 2014, a bill to renew a set of tax extenders worth $85 billion that have expired or will expire at year-end.

The Expiring Provisions Improvement Reform and Efficiency for two years, and includes the acceptance of a wind-energy production tax credit that originally was omitted from the bill.

Among others renewed were section…

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Why partner with National Cost?

January 16, 2015 — rankadvisor — Comments

Partner with National Cost. National Cost wants to work with you and your business. We all want to offer our clients the best service, and be knowledgeable enough to offer a wide breadth of business services. Ultimately we ant to be every clients “goto” company. The one they turn to to ‘run past’ us their questions, concerns and ideas. We know as business owners…

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