Bonus depreciation is a first-year write-off for the cost of eligible property that’s used instead of depreciating the cost over a number of years. … Read more about New Bonus Depreciation Rules for Equipment and Production Property
How Much Can You Deduct for Buying Equipment and Building Certain Property?
The One Big Beautiful Bill Act (OBBBA) aims to spur business investments in the economy by allowing for greater tax breaks for acquisitions and … Read more about How Much Can You Deduct for Buying Equipment and Building Certain Property?
One Big Beautiful Bill: Checklist of Tax Changes for Small Businesses
The One Big Beautiful Bill Act of 2025 (OBBBA)…all 887 pages…was passed by Congress on July 3, 2025, and signed by the President on July 4th. While … Read more about One Big Beautiful Bill: Checklist of Tax Changes for Small Businesses
Preview of Tax Changes this Year: Actions to Take Now
Alert: At the time of publication, the Senate was in the process of voting on its version of tax changes. On May 22, 2025, the House passed One Big … Read more about Preview of Tax Changes this Year: Actions to Take Now
Writing Off the Cost of AI, Metaverse, and Other Technology
A September 2024 report by the U.S. Chamber of Commerce entitled The Impact of Technology on U.S. Small Business found some very interesting … Read more about Writing Off the Cost of AI, Metaverse, and Other Technology
Growing Your Business: Buying New Equipment and Machinery
As your business expands, you may need more “hardware” to outfit a growing staff or perform new or additional tasks for customers. The new items may … Read more about Growing Your Business: Buying New Equipment and Machinery
Adjusting to New Tax Rules for Your Business in 2023
The tax law is continually changing, with new rules coming into effect and old ones expiring. Sure, you can wait until you meet with your CPA or other … Read more about Adjusting to New Tax Rules for Your Business in 2023
Writing Off Casualty or Disaster Losses for Your Business
September is National Preparedness Month and the theme this year from Ready.gov is prepare for disasters to create a lasting legacy for you and your … Read more about Writing Off Casualty or Disaster Losses for Your Business
Need a Business Vehicle? Tax Considerations to Factor into Your Choices
Are you thinking about getting a car, truck, or van now? Hybrid or electric-powered vehicle? Buy or lease a vehicle? And in who’s name (the owner or … Read more about Need a Business Vehicle? Tax Considerations to Factor into Your Choices
10 Things to Know about Bonus Depreciation
To run your business efficiently, you need good equipment and machinery. You may want to add to or replace what you have now. Newer versions usually … Read more about 10 Things to Know about Bonus Depreciation
Special Elections to Reduce Your Tax Bill
Most tax rules are fixed and you must follow them. But there’s some flexibility which is provided through special tax elections. You can choose in … Read more about Special Elections to Reduce Your Tax Bill
Upgrade Your Equipment Now
Spring is a great time to clean house when it comes to your office equipment. Ditch old items in favor of new ones that will perform more efficiently … Read more about Upgrade Your Equipment Now
How Big a Truck Do You Need?
If you’re in the market for a new truck for your business this year, tax rules may impact your buying decision. This is because of the convoluted … Read more about How Big a Truck Do You Need?
