If you buy, lease or develop computer software, you should be aware of the complex rules that apply to determine the tax treatment of these expenses.
How to Deduct the Software Costs of your Business
Tag: bonus depreciation
5 Key Points About Bonus Depreciation
You’re probably aware of the 100% bonus depreciation tax break. Here are five key points to be aware of when it comes to this powerful tax-saving tool.
The CARES Act and Construction: Keeping an Eye on Taxes
Let’s look at three issues that contractors should keep an eye on in light of the CARES Act: payroll, losses and qualified improvement property.
CARES Act Makes Favorable Changes to “Qualified Improvement Property”
The CARES Act contains a beneficial change in the tax rules for many qualified improvement properties.
CARES Act Provides Businesses with More Relief
Here are some of the tax-related provisions in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).
There’s Still Time to Reduce your 2019 Tax Liability
Don’t let the holiday rush keep you from taking some important steps to reduce your 2019 tax liability. You still have time to execute a few strategies.
Two Tax Breaks to Reduce 2019 Tax Liability
Under current tax law, there are two valuable depreciation-related tax breaks that may help your business reduce its 2019 tax liability.
How to Maximize your Business Property Deductions in 2019
There’s good news about the Section 179 depreciation deduction for business property. The election has long provided a tax windfall to businesses, enabling them to claim immediate deductions for qualified assets, instead of taking depreciation deductions over time. And it was increased and expanded by the Tax Cuts and Jobs Act (TCJA). Even better, the
TCJA Changes to Business Auto Depreciation and Deductions
The Tax Cuts and Jobs Act changed the rules for business autos. Here are a few highlights.
What You Need to Know About Depreciation-Related Breaks on Business Real Estate
Special tax breaks that allow deductions to be taken more quickly are available for certain real estate investments. There are two breaks you might not be able to enjoy due to a drafting error in the TCJA.