Business Taxes

Year-End Planning for Businesses

Year-End Planning Considerations Increased Expensing and Bonus Depreciation. The increased Code Sec. 179 expensing deduction and the increased bonus depreciation deduction may create new opportunities to reduce current year tax liabilities through the acquisition of qualifying property -

New Business-Related Tax Rules for 2018

New Business-Related Tax Rules for 2018 The business-related provisions in the TCJA are generally permanent and generally take effect beginning with 2018 tax years. For businesses, highlights of the new law include: (1) an increase in amounts that may be expensed under Code Sec. 179 and an