Purchases of new and used commercial vehicles are eligible for tax exemptions per the current tax law. Some vehicles may be eligible for higher deductions than others.The first year...
Congress passed major tax reform in the Tax Cuts, and Jobs Act passed on December 22, 2017. This legislation, which affects individuals and businesses, is known as the TCJA or Reform...
One of the more intricate provisions of the Tax Cuts and Jobs Act (TCJA) is the new limitation of business interest expenses. At first glance, this limitation seems simple, but the...
There are many different expenses that small businesses are allowed to deduct on their annual tax returns. These deductions vary from business to business; however, the standard deductions...
When you purchase a property like a machinery or vehicle, for your business, you may get tax deductions for using and buying them. These deductions are deprecations, and section 179...
Description: learn how to save money on your business assets with section 179.The IRS has recently changed the way that business owners are able to deduct their expenses. Learning...
Posted by Shabnam Merali on 03/19/2016