True to their name, recently created qualified opportunity zones (QOZs) may raise attractive opportunities for contractors.
The CARES Act contains a beneficial change in the tax rules for many qualified improvement properties.
The “kiddie tax” is far from child’s play. And a change made by the Tax Cuts and Jobs Act (TCJA) puts some adult teeth into the tax.
Business meal and travel expenses are still deductible if they qualify as legitimate business expenses, though the deduction for meal expenses continues to be limited to 50% in …
TCJA has placed some limitations on deducting business losses. Here’s a look at the changes in the rules and how they might affect you.
The Tax Cuts and Jobs Act (TCJA) introduced a variety of tax benefits for businesses. but it placed limits on several tax breaks, including interest expense deductions.
Working from home has its perks. Not only can you skip the commute, but you also might be eligible for home office deductions on your tax return. Home office deductions for these …
There’s good news about the Section 179 depreciation deduction for business property. The election has long provided a tax windfall
The Tax Cuts and Jobs Act (TCJA) dealt several blows to the nonprofit sector. One of them is that, effective January 1, 2018, nonprofit employers are subject to tax on transportation …
The Tax Cuts and Jobs Act changed the rules for business autos. Here are a few highlights.