Immediate deductions are a powerful lever in capital planning, and Congress has just given businesses a larger one. The One Big Beautiful Bill Act (OBBBA), signed on July 4, 2025, permanently restores
Commercial buildings and improvements generally are depreciated over 39 years, which essentially means you can deduct a portion of the cost every year over the
Recent changes to federal tax law and accounting rules could affect whether you decide to lease or purchase equipment or other fixed assets. Although there’s
While the Tax Cuts and Jobs Act (TCJA) reduced most ordinary-income tax rates for individuals, it didn’t change long-term capital gains rates. They remain at
When school lets out, kids participate in a wide variety of summer activities. If one of the activities your child is involved with is day
Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2018. Keep in mind that this list
For tax years beginning in 2018 and beyond, the Tax Cuts and Jobs Act (TCJA) created a flat 21% federal income tax rate for C
Meal, vehicle and travel expenses are common deductions for businesses. But if you don’t properly document these expenses, you could find your deductions denied by
With its many changes to individual tax rates, brackets and breaks, the Tax Cuts and Jobs Act (TCJA) means taxpayers need to revisit their tax
There continues to be much uncertainty about the Affordable Care Act and how such uncertainty will impact health care costs. So it’s critical to leverage
Because donations to charity of cash or property generally are tax deductible (if you itemize), it only seems logical that the donation of something even
The S corporation business structure offers many advantages, including limited liability for owners and no double taxation (at least at the federal level). But not
The Tax Cuts and Jobs Act (TCJA) provides a valuable new tax break to noncorporate owners of pass-through entities: a deduction for a portion of qualified business income (QBI).
The federal income tax filing deadline is slightly later than usual this year — April 17 — but it’s now nearly upon us. So, if
Tax-advantaged retirement plans like IRAs allow your money to grow tax-deferred — or, in the case of Roth accounts, tax-free. The deadline for 2017 contributions
The Tax Cuts and Jobs Act (TCJA) includes many changes that affect tax breaks for employee benefits. Among the changes are four negatives and one
You may have breathed a sigh of relief after filing your 2017 income tax return (or requesting an extension). But if your office is strewn
What 2017 tax records can you toss once you’ve filed your 2017 return? The answer is simple: none. You need to hold on to all
