Tag: Section 179
-
PPE reporting under GAAP: A back-to-basics guide for small businesses
Learn how to properly capitalize, depreciate, and report PPE under GAAP. A practical guide for small businesses navigating financial reporting rules.
-
Construction business owners: Prepare now for possible tax law changes
Construction businesses face many distinctive tax issues. Complicating matters, some key provisions of the Tax Cuts and Jobs Act are scheduled to expire after 2025. Let’s discuss.
-
Can your manufacturing company benefit from a cost segregation study?
Cost segregation studies may allow a manufacturer to accelerate depreciation deductions on certain items, thereby reducing current taxes and boosting cash flow. Here’s how.
-
Tax fundamentals for construction businesses in the new year
Construction businesses need a comprehensive strategy for mitigating the risk of a hefty tax bill. Here are some fundamentals to consider.
-
Inflation Reduction Act expands deductions for energy-efficient construction
Can you benefit from the Inflation Reduction Act’s expansion of two tax incentives for energy-efficient construction of commercial and residential buildings? These are the Sec. 179D deduction and the Sec. 45L credit.
-
Year-end tax planning ideas for your small business
Before you know it, the end of 2022 will be near. Here are some year-end moves to consider that may help your small business save on taxes.
-
Businesses: Act now to make the most out of bonus depreciation
If your business plans to purchase bonus depreciation qualifying property, take action soon to realize a valuable tax break.