Because of the restrictions for cars, you might be better off from a tax standpoint if you replace your business car with a heavy SUV.
What You Need to Know About the Heavy SUV Tax Break
Tag: Section 179
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.
Tax Limits for Businesses Increased in 2020
An array of tax-related limits that affect businesses are annually indexed for inflation, and many have increased for 2020.
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 use your Website as a Tax Deduction
It’s an easy decision to set a website up and maintain it. But determining the proper tax treatment for the costs involved isn’t so easy.
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.
Many Tax-Related Limits Affecting Businesses Increase for 2019
A variety of tax-related limits affecting businesses are annually indexed for inflation, and many have gone up for 2019. Here’s a look at some that may affect you and your business.
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.