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Business Equipment

5 tax breaks on the table: What business owners should know about the latest proposals

(R&D) Research and Development, Business Income Tax, Corporate Federal Income Tax Rate, Federal Taxes, Independent Contractors, Past-Through Entities, Qualified Business Income Deducton (QBI), Section 179, Small Business Owners, Small Business Tax Tips, Small Business Tips /

A bill in Congress — dubbed The One, Big, Beautiful Bill — could significantly reshape several federal business tax breaks. While the proposed legislation is still under debate, it’s already sparking attention across business communities. Here’s a look at the current rules and proposed changes for five key tax provisions and what they could mean […]

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Accelerate depreciation deductions with a cost segregation study

Cost Segregation Study, Depreciation, Depreciation Deduction (Section 179), Tax Cuts and Job Acts (TCJA) /

Is your business depreciating over a 30-year period the entire cost of constructing the building that houses your operation? If so, you should consider a cost segregation study. It may allow you to accelerate depreciation deductions on certain items, thereby reducing taxes and boosting cash flow. And under current law, the potential benefits of a

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Buy vs. lease: Business equipment edition

Assets, Buy vs Lease Business Equipment, Section 179, Tax Cuts and Job Acts (TCJA) /

Life presents us with many choices: paper or plastic, chocolate or vanilla, regular or decaf. For businesses, a common conundrum is buy or lease. You’ve probably faced this decision when considering office space or a location for your company’s production facilities. But the buy vs. lease quandary also comes into play with equipment. Pride of

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