Posts Tagged ‘Bonus depreciation’
Business Vehicle Depreciation Explained for Beginners
So you bought a nice vehicle for the business. Maybe a loaded SUV, a clean pickup, something fancier. And now your accountant is throwing words at you like MACRS, Section 179, bonus depreciation, luxury auto caps. Your eyes glaze over. Same. Here’s the thing. If you’re earning serious money, the way you handle that vehicle…
Read MoreThe Sunset of Key TCJA Provisions: What You Need to Know for Tax Planning
As we approach the end of 2024, several significant provisions of the Tax Cuts and Jobs Act (TCJA) of 2017 are either in the process of phasing out or will sunset completely. These changes will impact both individuals and businesses, potentially increasing tax liabilities across the board. Here’s a breakdown of the provisions that are…
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