Every month the CEI service team (with the help of marketing) puts out a monthly newsletter. Which involves their service spotlight. This gives information and guidance to our customers on major roof topic, reminders throughout the year on maintenance and tips and tricks to keeping their buildings up and running. If you would like to sign-up for this monthly e-newsletter, just click here.
There is a lot of hardware located in between your ceiling and your roof in your building. Not just insulation and ventilation but heating and cooling, water pipes and much more. Often times when a leak starts coming through the ceiling, no matter how big or small, we are quick to assume something is wrong with the roof. Yet, more often than not the cause of the leak is something entirely different. In fact, some records indicate that only 25% of building leaks are attributed to the actual roof.
Other factors that could contribute to a leak could be:
– Duct Work
-Window/ door seals
So how should you approach your leak situation? The first step is to CALL! CEI is a roofing company that is staffed with trained and experienced techs that have helped stop the most difficult of leaks; both roof and non-roof related.
We will help you by setting up an inspection to see where your leak is coming from. Then, we will share our knowledge from the inspection with you, the building owner or operator and give you the best advice for taking care of the problem. We take into consideration not only the roof but the rooftop equipment and the building envelope. CEI can be your first person to call to identify the source of your leak issue. It all just starts with a phone call.
The Tax Cuts and Jobs Act approved by Congress in December 2017 expands the definition of qualified real property eligible for full expensing under Section 179 of the tax code to include improvements to nonresidential roofs. Following is more information about Section 179 and the provision to add nonresidential roofs as qualifying property as of Jan. 1, 2018. This information will help you determine if your company is eligible for this preferential tax treatment of improvements to your nonresidential roof.
Section 179 allows taxpayers to immediately expense the cost of qualifying property rather than recovering such costs over multiple years through depreciation. The Tax Cuts and Jobs Act significantly expands the expensing limits under Section 179, with the maximum amount a business may expense now set at $1 million and the phase-out threshold increasing to $2.5 million. These new limits are effective for qualifying property placed in service in taxable years beginning after Dec. 31, 2017, and the amounts will be indexed for inflation starting in 2019.
Addition of Roofs as Qualifying Property
The Tax Cuts and Jobs Act expands the definition of qualified real property eligible for Section 179. As of Jan. 1, 2018, qualifying a property for Section 179 includes “improvements to nonresidential real property placed in service after the date such property was first placed in service: roofs; heating, ventilation, and air-conditioning property; fire protection and alarm systems; and security systems.”
Given these changes to Section 179 by the new tax law, qualifying taxpayers may now elect to fully expense the cost of any improvements to nonresidential roofs beginning in 2018 and in future years. Essentially, any improvements to nonresidential roofs, including full reroofs of existing buildings, may now be expensed in the year of purchase by any taxpayer eligible to deduct expenses under Section 179.
Please contact us (or contact your tax professional) if you have questions regarding how your company can take advantage of this more favorable tax treatment for improvements to nonresidential roofs in 2018.