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  • About Us
    • Managing Partner
    • Brochures
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  • Entrepreneurs
  • Lifecycle
    • GAP Planning
    • Selling Versus a Family Succession
  • Services
    • Managed Accounting
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    • Financial Reporting
    • Exit & Succession Planning
    • Restaurant & Hospitality Support
  • Careers
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The tax implications if your business engages in environmental cleanup

NewsBy Jeff LuckeNovember 20, 2019

If your company needs to “remediate” or clean up environmental contamination, the expenses involved can be tax deductible. Unfortunately, every type of environmental cleanup expense cannot be currently deducted. Some cleanup costs must be capitalized. For example, remediation costs generally have to be capitalized if the remediation adds significantly to the value of the cleaned-up…

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