Tax credits are important for businesses aiming to maximize profitability and sustainable growth. Bonus depreciation is a key ...

David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of financial accounting, corporate and individual tax planning and preparation, and investing and retirement planning.

Certain long-term assets have an extra year (such as ... on Schedule F in following years and will reduce SE tax. Excess bonus depreciation (that creates a loss) can only be carried forward ...

Under Section 80-IA of the Income Tax Act, investors in electric vehicle charging infrastructure are eligible for a 100% ...

A proposed amendment to the Nevada Constitution, sponsored by Democratic Assemblywoman Natha Anderson, aims to revise the ...

As defined by the Internal Revenue Service (IRS), depreciation is an income tax deduction that allows a business to recover the cost basis of certain property. Deprecation is an annual allowance ...

The IRS has guidelines for this process, including identifying a replacement property within 45 days and completing the transaction within 180 days. Depreciation is another tax benefit that sets ...

Firms can temporarily take a greater deduction early on in the life of their asset — meaning ... Temporary versions of bonus depreciation schedules, such as the one in Tax Cuts and Jobs Act ...