Don’t let the holiday rush keep you from considering some important steps to reduce your 2021 tax liability. You still have time to execute a few strategies. Purchase assets. Thinking about buying new or used equipment, machinery or office equipment in the new year? Buy them and place them in service by December 31, and […]
Small businesses: There still may be time to cut your 2021 taxes Read More »
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 reduce its 2019 tax liability. To benefit from these deductions, you must buy eligible machinery, equipment, furniture or
2 valuable year-end tax-saving tools for your business Read More »
There’s good news about the Section 179 depreciation deduction for business property. 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 Jobs Act (TCJA). Even better, the
It’s a good time to buy business equipment and other depreciable property Read More »
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