business tax reform

TCJA Enhances Bonus Depreciation

With bonus depreciation, a business can recover the costs of depreciable property more quickly by claiming additional first-year depreciation for qualified assets. The Tax Cuts and Jobs Act (TCJA), signed into law in December, enhances bonus depreciation. Typically, taking this break is beneficial. But in certain situations, your business might

2021-04-12T14:56:49-06:00February 13th, 2018|

Reduced Business Tax Benefits for Meals/Entertainment & Transportation

Along with tax rate reductions and a new deduction for pass-through qualified business income, the new tax law brings the reduction or elimination of tax deductions for certain business expenses. Two expense areas where the Tax Cuts and Jobs Act (TCJA) changes the rules — and not to businesses’ benefit

2021-04-12T14:57:08-06:00January 22nd, 2018|
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