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 ...

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

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 ...

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 ...

The final draft tax legislation modifies the existing bonus depreciation rules which, as of today, only allow businesses a 40% depreciation deduction in the first year that qualifying assets are ...

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, ...

There are short and long-term incentives. The short term allows buyers (such as contractors or equipment rental businesses) ...