Ask your CPA about the ability of the landlord or the lessee to write off real property improvement immediately under Section 179 ($250,000 limit)  and write off any leftover amount over a tax-advantaged 15 years. Ask about 50 percent bonus depreciation.  (I don’t think this works for related parties.)

Also, Small Business Owners: Each year we give a safety and-or longevity award to employees. We get up to a $1600 bonus – and this $1600 is 100% non-taxable to employee and 100% tax deductible to my company. Check with your CPA. Have questions? Contact me.