Don’t let the holiday season keep you from taking important steps to reduce your small business taxes in 2021. Here are 3 tips.
3 Tips to Reduce your Small Business Taxes
Tag: qualified improvement property
First-Year Bonus Depreciation for QIP: Is it Better than 15-Year Depreciation?
Congress finally passed legislation that corrects a drafting error related to real estate qualified improvement property and first-year bonus depreciation.
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.
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.