Displaying items by tag: new roof

New Expensing Rules for Roofs in 2018
13
April

New Expensing Rules for Roofs in 2018

Great News! 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

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 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.

Contact your tax professional if you have questions regarding how you can take advantage of this more favorable tax treatment for improvements to nonresidential roofs in 2018.

Common Areas Where Roof Leaks Occur
23
April

Common Areas Where Roof Leaks Occur

Identifying roof leaks is hard, but it gets even harder when you don’t know where to look. Water leakage could happen anywhere, but it occurs more often in certain areas. ERS Roofing recommends prioritizing these places:

What You Get from an HAAG-Certified Roofing Inspector
25
April

What You Get from an HAAG-Certified Roofing Inspector

ERS Roofing is a proud HAAG-certified roofing inspector serving the Indianapolis and surrounding areas. We are also affiliated with several other trusted organizations, and we have an A BBB rating. With all these credentials, you can be assured of the quality service we provide as a roofing contractor. Specifically, you take advantage of the following if you work with us:

The Importance of Understanding Roof Warranties
18
April

The Importance of Understanding Roof Warranties

As the area’s most trusted roofing contractor, we encourage our clients to fully understand the extent of their coverage. It’s beneficial during times when unexpected damages or maintenance issues spring up over the years. Here’s a deeper, more insightful look at roof warranties.

Pros and Cons of Different Roof Types
03
April

Pros and Cons of Different Roof Types

Knowing the pros and cons of each roof type enables you to make an informed decision. This is an important part of being a homeowner, as the roof is one of the most important parts of your home.

Here’s a look at both the pros and cons of the most popular roofing materials.

How to Properly Address a Roof Leak
04
April

How to Properly Address a Roof Leak

Roof leaks are one of the most troublesome issues that homeowners have to deal with. Since the threat of water damage can be substantial, it’s vital that leaks be addressed as soon as they are discovered. Otherwise, you can expect further damage in the future resulting in higher costs.

ERS Roofing, one of the area’s most trusted roofers, has the following essential tips to remember when addressing roof leaks.

3 Upgrades to Improve Your Home’s Water Defense
28
March

3 Upgrades to Improve Your Home’s Water Defense

Water is one of the greatest threats to your home. When not properly managed, it can undermine your household’s structural integrity. A good siding, gutter and roofing system can minimize the risk of water damage.

Expert Restoration Service shares three home improvement projects that can fortify your home’s defense against water damage.

3 Signs You Need to Replace Your Commercial Roofing
14
March

3 Signs You Need to Replace Your Commercial Roofing

Your commercial roofing needs to be in good shape; its condition directly affects the overall integrity of your structure and the well-being of what’s beneath it! In some cases, however,  the signs of samage can be significantly underestimated. This can lead to higher electricity costs, leaks, or even structural damage. In this post, we share three signs a commercial roof needs replaced.

Choosing The Right Shingles With GAF Roofing Wizard
28
February

Choosing The Right Shingles With GAF Roofing Wizard

Selecting the right roofing shingle for your home can be a daunting and time-consuming task. Apart from its features, you have to consider the design as well. Fortunately, there’s no need to go through stacks of catalogs and brochures just to find the perfect match for your home. As a GAF certified roofing contractor, ERS Roofing can make the selection process a breeze.

With the GAF Roofing Wizard, you can narrow down your options to those that suit your needs. Here’s how it works:

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