2022 Tax Planning & Your Commercial Roof Replacement

Your Roof Replacement Can Be a Major Tax Deduction

Planning for the future is a tough task at any time, but it’s been especially challenging for business owners over the past couple of years. The pandemic, inflation, and supply chain issues have created a uniquely difficult financial environment, and a steep tax bill is always an unwelcome business expense. Savvy business owners need to be taking advantage of all possible avenues for minimizing tax liability and keeping their business stable. Investing in your business with a commercial roof replacement or repair is a way to take care of your business and reduce your liabilities, including your tax liabilities.

At Moser Roofing Solutions, we provide much more than just our high-quality roofing services. We are a true partner to our commercial roofing customers, providing roofing solutions that not only make sense for your immediate roofing needs, but your future plans as a business. We want to ensure our customers are well informed about all their options for making the most of investments like a commercial roof replacement. If you are considering a commercial roof replacement, keeping the expense in your current tax year can make good financial sense as a wise investment in the future of your business.

From Commercial Roof Replacement to Tax Deduction

When it comes to tax planning, business owners need to fully understand all their options for minimizing their tax liability. One option to shield profits from taxes is to make qualified, deductible investments back into the growth of your business.

There are a few different deductions available for businesses, but Section 179 is often a solid option. The Section 179 Tax Deduction enables businesses to deduct the full cost of qualifying property expenses from their taxes, rather than over the course of several years as depreciation. 

Oftentimes, Section 179 is used to deduct equipment purchases—but it can also be applied to property repairs and improvements such as a commercial roof replacement or repair. In other words, a commercial roof replacement or repair completed in 2022 can ultimately be treated as an investment back into your business and written off from your income for the upcoming tax year. The full cost of the roof replacement can be deducted from your taxes immediately, and up to $1 million can be deducted for the upcoming tax season.

Replace Now to Avoid Future Expenses

It’s always recommended to schedule a commercial roof repair or replacement as soon as it becomes clear you need one because roofing issues compound over time. Minor damage left unaddressed leaves your roof vulnerable to more severe issues and more costly repairs or even replacement that could have been avoided.

In our current economic environment, there’s also another major consideration: inflation. Prices of everything from goods and materials to necessary services have sharply risen, with no end in sight. While a commercial roof replacement certainly represents a significant expense now, the cost is very likely to increase into next year. The sooner you schedule your repair or replacement, the more effectively you can shield your business from ongoing economic uncertainty.

Time to Invest or Save?

When making business decisions, you need to consider all the factors at play. It can be difficult to know whether you’re making the right call until years down the line. Given the current economic climate, many business owners are electing to batten down the hatches and weather the storm—saving as much money as possible and avoiding expenditures at every turn.

However, wisely timed investments into keeping your business safe may be a true difference-maker when it comes to battling the unpredictability we’re all experiencing. Replacing your commercial roof now protects all of your business’s most vital assets for years to come, including your property, equipment, stock, and personnel. The protection from a new commercial roof today can reduce the need for unexpected expenses tomorrow, giving you more certainty as a business owner at a very uncertain time.

Call Moser to Plan Your Commercial Roof Replacement Before 2022 Ends!

The Section 179 Tax Deduction is a powerful tool business owners have available to them when it comes to tax planning. To take advantage of the deduction for the current year, your commercial roof replacement must be completed by the end of the year!

Moser Roofing Solutions is the top commercial roofing specialist that business owners throughout Pennsylvania and the Mid-Atlantic rely on. We’ve built our reputation not just as skilled craftsmen, but as a roofing partner that works diligently to keep our customers informed of options so they can make more informed business and financial decisions.

If you’re unsure whether a commercial roof replacement makes sense for you and your business, the Moser team can provide price projections, planning, and budgeting resources to help you run the numbers. Contact us today to start planning your commercial roof replacement before the end of 2022!

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