Section 179

Now is Good Time to Buy Equipment & Other Depreciable Assets

The Section 179 depreciation deduction for business property gives businesses some good news. The election has long provided a tax windfall to businesses, enabling them to claim immediate deductions for qualified assets, instead of taking depreciation deductions over time. And, it was increased and expanded by the Tax Cuts and

2021-04-12T14:55:09-06:00July 30th, 2019|

Why 2016 May be an Especially Good Year to Take Bonus Depreciation

Bonus depreciation allows businesses to recover the costs of depreciable property more quickly by claiming additional first-year depreciation for qualified assets. The PATH Act, signed into law a little over a year ago, extended 50% bonus depreciation through 2017. Claiming this break is generally beneficial, though in some cases a

2021-04-12T14:58:21-06:00February 13th, 2017|

Depreciation-Related Breaks Offer 2016 Tax savings on Business Real Estate

Looking for business real estate tax breaks? 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 depreciation period (land isn’t depreciable). But enhanced tax breaks that allow deductions to be taken more quickly are

2021-04-12T14:58:38-06:00November 16th, 2016|
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