Many businesses today are looking for ways to become more eco-friendly. Before you make any changes, it is worth it to look into the Section 179 expense deduction. While there are strict guidelines you must follow to qualify for the deduction, with a little research and help from a certified firm, you can learn just how your company can qualify. Simply making your building energy efficient is not enough; you must understand the guidelines and follow them closely to be eligible for the deduction, which is why it is essential to find the right company to handle your reporting and inspections for government purposes.
Find a Company
While it might be tempting to try to navigate the deduction on your own, you risk losing a sizeable deduction if you don’t follow the guidelines. It is worth the effort to find a company that offers licensed engineers and commercial energy raters to help you determine if you are eligible and the exact way to make the changes to ensure you qualify for the deduction.
Reporting
Another benefit of obtaining the help of a licensed engineering firm that specializes in the Section 179 expense deduction is the guarantee that your reporting will be accurate for your taxes. You need a qualified individual to provide you with the required forms and reports that are required to claim the deduction. When you find a certified agency, make sure they can work closely with your CPA to ensure everyone is on the same page and you get the deduction you are entitled to.
Inspections
The government will require reporting that guarantees you have met the requirements of the Section 179 Act. There are two portions of the deduction any business might be eligible for, including a full and partial deduction. The agency that performs your inspection is certified to inform the government of the changes you made and what deduction they qualify you for.
In order to ensure you successfully qualify for the Section 179 expense deduction, it is essential that you find a company that is certified to handle the process. The company you use should employ licensed engineers and commercial energy raters that are certified by the government to provide accurate reporting and inspections to assure the government you do, in fact, qualify for the deduction.
For more information about the Section 179 expense deduction, visit the website of Walker Reid Strategies.
