New COVID-19 Relief Bill Doubles Business Meal Deductions and Makes Favorable PPP Loan Changes

The COVID-19 relief bill, signed into law on December 27, 2020, provides a further response from the federal government to the pandemic. It also contains numerous tax breaks for businesses. Here are some highlights of the Consolidated Appropriations Act of [...]

By |2021-01-05T14:30:43-05:00January 5th, 2021|Categories: Blog, Tax|Tags: , , , , , , |Comments Off on New COVID-19 Relief Bill Doubles Business Meal Deductions and Makes Favorable PPP Loan Changes

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

2 tax law changes that may affect your business’s 401(k) plan

When you think about recent tax law changes and your business, you’re probably thinking about the new 20% pass-through deduction for qualified business income or the enhancements to depreciation-related breaks. Or you may be contemplating the reduction or elimination [...]

By |2019-02-07T16:08:07-05:00June 11th, 2018|Categories: Blog|Tags: , |Comments Off on 2 tax law changes that may affect your business’s 401(k) plan

Charitable Contributions Are Over… Or Are They?

With the recent changes in the tax law, you may hear your friends saying “well, I can no longer get a tax deduction for my charitable contributions so I guess I’ll stop.” Or maybe you have been thinking the same [...]

By |2018-05-03T15:21:56-04:00May 3rd, 2018|Categories: Blog, Jerry J. Krause, Tax|Tags: , , , |Comments Off on Charitable Contributions Are Over… Or Are They?
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