Qualified Restaurant Property and Depreciation

January 16, 2016By Evelyn Fernandez

Buildings and building improvements that are “qualified restaurant property” are eligible for favorable tax treatment that doesn’t apply to most other buildings or building improvements. On December 18, 2015, President Obama signed the Protecting Americans from Tax Hikes Act of 2015 (the PATH Act). One of the provisions in the PATH Act was to make … Read More

2014 Tax Extenders (Federal)

January 20, 2015By Jamie Graham, CPA

On Tuesday, December 16th, the Senate passed H.R.5771 to extend several expired tax provisions. The extension is retroactive from January 1, 2014, through the end of the 2014 tax year with minimal changes to the prior tax provisions. Examples of extended provisions are as follows. Note that California does not conform to the same federal … Read More