The New Business Deduction

By Dana McGuffin | February 21, 2019 | Comments Off on The New Business Deduction

Stop worrying and start preparing A new deduction is available to businesses with qualified business income (QBI). While that’s great news, new deductions (especially ones with lots of rules) can bring anxiety and confusion. Never fear! Ensuring you receive a maximum deduction will come down to providing the proper information. Here is some knowledge to…

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Business Taxes : Time to Consider Section 179?

By Dana McGuffin | November 5, 2017 | Comments Off on Business Taxes : Time to Consider Section 179?
Business Taxes - Section 179

Section 179 expensing can be a very powerful planning tool for small- and medium-sized business taxes when acquiring capital assets. While it doesn’t change the amount of depreciation you can take over the life of capital purchase, it can change the timing by allowing you to deduct your purchase in the first year you place…

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