Tangible Property Regulations for your HVAC & plumbing repairs

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The Internal Revenue Service has issued its final tangible property regulations for classifying repairs and maintenance as an expense or as a capitalized asset. These rules are effective January 1, 2014. It is expected that the new regulations will affect every business, particularly those with significant investments in the acquisition and repair and maintenance of […]

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The IRS And Your Plumbing And HVAC Repairs

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IRS Broadens Scope of Tax-Deductible Business Repairs The IRS recently finalized rules making more repair costs deductible effective January 1, 2014. The deductibility of business repairs is a frequently disputed topic between the IRS and companies; many prominent businesses could experience substantial changes in their tax bills as a result of the final rules. The […]

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Does Your Air Conditioning System Need Maintenance?

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With summer weather having officially arrived here in the Delaware Valley, the weather is only going to continue to get warmer in the Philadelphia region. This means that it is imperative that your commercial air conditioning unit is in working order so that you are not left without it during the heat of summer. For […]

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Accelerated Depreciation Dilemma & Mechanical Equipment Purchases

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For Chadwick Service Company customers who are property owners and are planning for major mechanical equipment purchases such as chillers, boilers, cooling towers, and other big ticket items, here are some of the 2014 depreciation considerations. Companies are able to recover the cost of equipment purchases through depreciation expense, a non-cash expenditure that reduces taxable […]

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VRF Systems

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Are you looking to air condition classrooms that were originally designed to only be heated? Or do you need to upgrade an existing AC system? We understand that competition is growing among private and parochial schools.  Having a state of the art building with an energy efficient air conditioning system may very well be one […]

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