The combination punch of Section 179 expensing and bonus depreciation may now be used more effectively than ever, by more small businesses, thanks to the expanded benefits provided under the Jobs and ...
With his first budget proposal of his second term, President Donald Trump and congressional Republicans hope the expansion of a tax break known as a bonus or special depreciation allowance will spur U ...
The post Bonus Depreciation Phase-Down Reshapes Tax Planning appeared first on Self Employed.
DEPRECIATION OF LUXURY CARS requires careful analysis due to recent tax law changes. OPTIMIZATION OF LUXURY-VEHICLE DEPRECIATION demands thoughtful analysis of the IRC section 179 expense allowance, ...
On May 22, the U.S. House of Representatives narrowly passed a comprehensive reconciliation bill, H.R. 1—called the One Big Beautiful Bill Act—that includes significant proposed tax changes and ...
On May 13, the House Ways and Means Committee voted to approve a $3.8 trillion tax bill that would make permanent much of the 2017 Tax Cuts and Jobs Act. The bill then moved to the House Budget ...
Having heard that U. S. Steel, Boeing Aircraft, other leading Defense producers were delaying construction of urgently needed new plants, the U. S. waited last week for two acts of Congress: 1) a ...
A U.S. district court in Louisiana held that buildings to be used as retail stores did not have to be open for business to the public to have been placed in service for depreciation purposes. As a ...
Depreciation is a fairly simple concept. When a business owner buys a fixed asset, that asset loses its value over time, and so its most current value must be accounted for on the company’s balance ...