Small Businesses: Cash In On Depreciation Tax Savers

As we approach the end of the year, it’s a good time to think about whether your business needs to buy business equipment and other depreciable property. If so, you may benefit from the Section 179 depreciation tax deduction [...]

By |2020-12-01T12:47:11-05:00December 1st, 2020|Categories: Blog, Tax, Uncategorized|Tags: , , , , , |Comments Off on Small Businesses: Cash In On Depreciation Tax Savers

Bonus Depreciation: 5 Key Points

You’re probably aware of the 100% bonus depreciation tax break that’s available for a wide range of qualifying property. Here are five important points to be aware of when it comes to this powerful tax-saving tool. Bonus depreciation is [...]

By |2020-10-02T16:47:12-04:00August 31st, 2020|Categories: Blog, Tax|Tags: , , , , , , |Comments Off on Bonus Depreciation: 5 Key Points

Claiming Bonus Depreciation on Your 2017 Tax Return May be Particularly Beneficial

With bonus depreciation, a business can recover the costs of depreciable property more quickly by claiming additional first-year depreciation for qualified assets. The Tax Cuts and Jobs Act (TCJA), signed into law in December, enhances bonus depreciation. Typically, taking [...]

By |2018-04-11T15:16:46-04:00February 14th, 2018|Categories: Blog, Tax|Tags: , |Comments Off on Claiming Bonus Depreciation on Your 2017 Tax Return May be Particularly Beneficial
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