Discover how Rochester businesses can benefit from 100% bonus depreciation and expanded Section 179 expensing under the new ...

Qualified Production Property (QPP) allows companies that build their own plants to immediately deduct expenses.

The bonus depreciation phase-out may impact manufacturers who regularly make large-ticket capital equipment purchases and have relied on bonus depreciation to lower their taxes. For the last five ...

Many property investors are unwittingly missing out on thousands of dollars in tax deductions every year – and at ...

One of the major benefits of commercial multifamily investment is that, under IRS rules, property owners and investors are entitled to “depreciate” the value of their asset each year, which reduces ...

Karla Dennis, EA, MST, is CFO/CEO of the award-winning tax accounting firm KDA Inc.—specializing in tax planning. Buried in the July 4 tax overhaul, formally titled the One Big Beautiful Bill Act, was ...

The 'One Big Beautiful Bill Act' (OBBBA) marks a significant shift in U.S. tax policy, offering a 100% depreciation allowance for qualifying commercial real estate. Signed by President Donald Trump on ...

On July 4, 2025, President Donald Trump signed the One Big Beautiful Bill Act (OBBBA) into law, marking a significant milestone in U.S. fiscal policy for the 2025 budget year. While the sweeping ...

Most tangible assets lose value over time. Equipment wears out, buildings require regular maintenance and upkeep, and computers become obsolete. To reflect the steady loss of value in capital assets, ...

Proposed tax legislation includes reinstating 100% bonus depreciation, allowing businesses to deduct the full purchase price of aircraft in the year of purchase, significantly impacting the aviation ...

CPAs and their clients have been dealing with uncertainty surrounding Section 174 legislation for the last few years. Under the Tax Cuts and Jobs Act of 2017, research expenditures under Section 174 ...