Designing for Dollars: Tax Tips Hidden in Your Office Space!

PASLEY COMMERCIAL INTERIORS

PASLEY COMMERCIAL INTERIORS
Designing for Dollars: Tax Tips Hidden in Your Office Space!
Jan 08, 2025 Season 2 Episode 1
Robin Pasley, NCIDQ

Ever wondered how the right design choices can save your business money? Join us as we unlock the secrets to reducing your tax liabilities through strategic interior design. We're thrilled to have Brian Werner, a seasoned Certified Public Accountant from BRW Tax and Accounting, on board to guide us through the maze of tax codes that could directly impact your business's financial health. From the art of choosing deductible office upgrades to cracking the code on $2,500 expense thresholds, bonus depreciation, and Section 179 deductions, this episode is your ticket to making informed and financially savvy decisions.

Explore the uncharted territory where aesthetics meet accounting as we discuss the potential tax benefits of enhancing your office environment. Discover how elements like office furniture and even gym equipment can serve as valuable business assets. We delve into the details of capitalizing versus expensing, providing clarity on when an expense needs to be depreciated over time. Our conversation with Brian reveals why early consultation with financial advisors is crucial for maximizing tax savings. Whether you're planning structural improvements or considering new office equipment purchases, our expert insights will help you navigate the financial landscape with confidence.

• Importance of workspace design on business performance
• Tax implications of furniture and equipment upgrades
• Capitalization vs. expensing for tax purposes
• Potential mistakes when claiming design-related deductions
• Consulting with CPAs and designers for strategic planning
• Real-life examples of successful design investment
• Recap of key tax tips and best practices

For expert tax advice, contact Brian at 719-358-2360 or email contactus@brwtax.com.

We welcome your questions! If you would like to learn more about us or connect for a conversation, please visit www.pasleycommercialinteriors.com.