Taking the opposite approach: Ways your business can accelerate taxable income and defer deductions Typically, businesses want to delay recognition of taxable income into future years and accelerate deductions into the current year. But when is it prudent to do the...
Innovative Strategies For Winning Tax Controversies, Business Structuring And Estate Planning
Bonus Depreciation
Year-End Tax Planning – Buy Business Equipment
2 VALUABLE YEAR-END TAX-SAVING TOOLS FOR YOUR BUSINESS At this time of year, many business owners ask if there’s anything they can do to save tax for the year. Under current tax law, there are two valuable depreciation-related tax breaks that may help your business...
Claiming bonus depreciation on your 2017 tax return may be particularly beneficial
CLAIMING BONUS DEPRECIATION ON YOUR 2017 TAX RETURN MAY BE PARTICULARLY BENEFICIAL 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...
