business tax deduction

Tangible Property Repair vs. Improvement

Did you repair your business property or improve it? Repairs to tangible property, such as buildings, machinery, equipment or vehicles, can provide businesses a valuable current tax deduction — as long as the so-called repairs weren’t actually “improvements.” The costs of incidental repairs and maintenance can be immediately expensed and

2021-04-12T14:55:07-06:00October 22nd, 2019|
Go to Top