Sustainable and energy-efficient commercial properties continue to be trendy, but not every so-called “green” investment will necessarily pay off for owners and developers.
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
While many provisions of the Tax Cuts and Jobs Act (TCJA) will save businesses tax, the new law also reduces or eliminates some tax breaks for businesses.
The Financial Accounting Standards Board (FASB) is considering whether to require businesses to provide more details in their financial statement footnotes about their inventories.
Although the economy is the best it’s been in years, the commercial construction industry is still struggling to catch up. As a result, contractors are feeling the pressure to be bonded in order to bid on most commercial construction projects.
The recently released Audit Risk Alert (ARA) Real Estate and Construction Industry Developments identifies recent market trends, risks and accounting developments that these entities face.
With sustainability becoming more common in both residential and commercial real estate, appraisers are increasingly asked to weigh in on buildings with green features.