Jan 2, 2018 | Firm Updates, Small Business, Tax Tips
The Tax Cuts and Jobs Act (TCJA) enhances some tax breaks for businesses while reducing or eliminating others. One break it enhances—temporarily—is bonus depreciation. While most TCJA provisions go into effect for the 2018 tax year, you might be able to benefit from...
Nov 28, 2016 | Firm Updates, Small Business
In order to take advantage of two important depreciation tax breaks for business assets, you must place the assets in service by the end of the tax year. So you still have time to act for 2016. Section 179 deduction The Sec. 179 deduction is valuable because it allows...