Tax Hive’s Post

Are you aware that tax depreciation often ranks as the second most substantial tax deduction for property investors? This encompasses capital works deductions (division 43) and plant and equipment depreciation (division 40). https://lnkd.in/gePnXXHi

Did you know that the bonus depreciation for the Section 179 tax code has changed this year? Utilizing these benefits by upgrading your equipment could be a good move for your business. Check out more details here: https://bit.ly/446mtRP #EquipmentFinance

Maximize your tax benefits with the right method for vehicle depreciation. Whether you choose the cents-per-mile or actual expense method, understanding the latest updates can save you money. https://hubs.ly/Q02zkWMd0

1245 Recaptured Gain: Let’s try to get it in simple way. In simple terms, one is taking depreciation on these assets against normal income. Now, when you sell them, if the selling price exceeds the property's current tax value (which is the amount you have already written off through depreciation), Section 1245 comes into play. It requires you to pay taxes on the amount of depreciation you previously deducted, but at your ordinary income tax rate instead of the lower capital gains rate. Refer to the picture below to understand how 1245 recaptured gain works.

The time to save is now—purchasing equipment before January 1, 2024 can help lower your 2023 tax burden. More information on the Section 179 Depreciation Bonus is below.   https://lnkd.in/gUu9m39s   #BottomLineEquipment #WorkingToImproveYourBottomLine #TaxSavings #Section179

💡 Accelerate your tax savings with Cost Segregation! 🏗️ Identify portions of your building as personal property to speed up depreciation, reduce your tax burden, and boost your cash flow. For instance, in the 37% tax bracket, an extra $100,000 in depreciation from a cost segregation study could mean $37,000 in additional cash flow in your first year. 💰 Take control of your finances today with Cost Segregation. . . . . . #CostSegregation #RealEstateInvesting #TaxSavings #PropertyInvestment #Depreciation #RealEstateDevelopers #FinancialSuccess #TaxStrategies #CashFlow #RealEstateTips #InvestmentStrategies #MaximizeROI

Property Improvements & Tax Depreciation: A Connection Explained Transform your property and your tax strategy! When you make eligible improvements, you can depreciate the costs over time, leading to substantial tax benefits. Swipe to discover how you can make the most out of your property investments! Contact us today! Phone: +61 485 931 167 Email: [email protected] Web: taxschedule.com.au #TaxDepreciation #DepreciationReport #AssetValuation #TaxSavings #PropertyTax #AssetDepreciation #TaxBenefits #DepreciationAnalysis #TaxPlanning #PropertyInvestment

What Is Cost Segregation? 👉 Reduce your tax bill with this simple tax strategy. As a commercial property owner, you can accelerate your depreciation deductions and increase your cash flow. Don't miss out and visit our website for more Info 🌐

Did you know that you can significantly reduce your taxable income through tax depreciation? Koste can help you navigate the complexities and unlock potential savings for your commercial property.  https://lnkd.in/gA-xpF5R