The 2010 Tax Relief Act provides significantly increased incentives for business investment in capital improvements and equipment. This legislation encourages taxpayers to make such investments in certain periods from 2010 through 2012. The legislation includes an extended and enhanced bonus depreciation allowance of 100 percent of the cost of qualified property purchased as well as a temporary increase in the deductible amount and investment limitation for a small business deduction (Code Section 179).
Early in the morning on December 2, the U.S. Senate passed its version of the…Read More
The Protecting Americans from Tax Hikes (PATH) Act, enacted in 2015, provides unique incentives to…Read More
With tax reform proposals winding their way through Congress, year-end tax planning has become infinitely…Read More