Using Timing Differences to Reduce Inflation Fears
Post-pandemic, inflation metrics continue to climb. Whether they are temporary or more permanent remains to be seen, but in either case, businesses need to plan for inflation pressures. In Forbes, Dave McGuire discusses different strategies that businesses can use to prepare for inflation, from stockpiling inventory to maximizing depreciation. Depreciation can be a smart strategy to increase cash flow in the short term, which can then be used to purchase inventory or make other business moves.
David McGuire is a leading expert on cost segregation, fixed assets and depreciation law and a co-founder of McGuire Sponsel. McGuire continues to grow McGuire Sponsel’s national presence in cost segregation and depreciation.
He is the primary resource for alliance firms in regards to how tax law affects depreciation. His knowledge in determining asset costs and classifications has held up against IRS scrutiny and has built the firm into a trusted industry resource.