Innovative Cabinets and Closets can provide more than home storage and organization solutions, we also design commerical product shelving, cabinets, office desks and break room kitchens. You might even be able to take advantage of new tax regulations as part of the CARES Act to make interior improvements that qualify for immediate bonus depreciation deductions.
To see a variety of the commercial projects our team has designed, scroll to see our gallery. Our experts are available for free consultations to not only maximize your space but also to provide quality product that will last for years to come
Take advantage of new tax rebates with Innovative Cabinets and Closets
Looking to make upgrades to your business’ interior? Have you partnered with us for your commercial space enhancements within the past two years?
Thanks to new tax regulations enacted as part of the Coronavirus Air, Relief and Economic Security (CARES) Act, there may never be a better time as interior improvements in nonresidential buildings now qualify for immediate bonus depreciation deductions — and the benefits are retroactive back through 2018 taxes!
What Innovative Cabinets and Closets projects could qualify?
- Front Desk and Lobby Enhancements
- Retail Shelving and Built-Ins
- Commercial Cabinetry and Closet Installations
BEFORE
- Not eligible for bonus depreciation
- QIP given a depreciable recovery period of 39 years
NOW
- QIP generally depreciable over a 15-year period
- Eligible for 100% bonus depreciation through 2022
Let us help you take advantage of new and exciting tax incentives.
We are not tax professionals. Please see your CPA or attorney for tax advice.
