The DMJ Digest

Insights and musings from the desks of DMJ professionals.

The DMJ Digest

Insights and musings from the desks of DMJ professionals.

Benefiting from the Rehabilitation Credit in Altering or Adding to Business Space

Are you considering increasing your business space or moving your business location in the near future? If so, you should keep in mind the rehabilitation tax credit. In its most common form the credit is equal to 10% of the qualified rehabilitation expenditures (QREs) for a qualified rehabilitated building. The credit is allowed against both regular federal income tax and alternative minimum tax. Qualified rehabilitation expenditures must be for real property (but not land) and can’t include building enlargement or acquisition costs.

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Accountants, Auditors, and Technology – What’s in Our Future?

In June 2018, the CPAI A&A Conference Planning Committee has devoted time on the agenda for presentations concerning artificial intelligence, “blockchain” accounting, data analytics, and cybersecurity. While each of those are somewhat familiar to all of us, I personally find “blockchain” accounting the most fascinating. Reading and attending CPE relative to “blockchain” accounting has helped me somewhat understand it.

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