Sec. 179 Expensing Provides Small Businesses Tax Savings on 2017 Returns

If you purchased qualifying property by December 31, 2017, you may be able to take advantage of Section 179 expensing on your 2017 tax return. You’ll also want to keep this tax break in mind in your property purchase [...]

By | 2018-04-11T15:14:38+00:00 February 25th, 2018|Categories: Blog, Tax|Tags: |0 Comments

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+00:00 February 14th, 2018|Categories: Blog, Tax|Tags: , |0 Comments

Tax Deductions for Business Vehicles

Tax Deductions for Business Vehicles  What to consider when purchasing a business vehicle There are countless factors that influence a person’s decision to purchase a particular vehicle. Everything from whether to buy a car, truck, or SUV, to smaller [...]

By | 2018-01-30T13:37:01+00:00 August 31st, 2017|Categories: Bill Abel, Blog, Tax|Tags: , , |0 Comments