/Tag: business vehicles

A couple of tax saving tools for your business at the year’s end

By |2020-03-30T21:17:10+00:00December 18th, 2019|Blog, News|

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 [...]

How Much Can Businesses Deduct for Vehicles Placed in Service in 2019?

By |2020-03-04T21:12:46+00:00October 29th, 2019|Blog|

Does your business need to add one or more vehicles? If so, the purchases may qualify for tax breaks under current tax law. Here are the details. First-Year Depreciation Breaks The Tax Cuts and Jobs Act (TCJA) allows unlimited 100% first-year bonus depreciation for qualifying new and used assets (including eligible vehicles) that are [...]

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