Section 179 is a provision of the IRS tax code that allows businesses to deduct the full purchase price of qualifying equipment in the year it’s purchased and put into service.
Tax Deductions
Tax Deductibility of Employer Contributions: Retirement and Healthcare Plans
Understanding the tax benefits of employer contributions to employee healthcare and retirement plans is essential for any business.
Maximize Your Refund: Overlooked Deductions and Credits You Should Claim
Deductions and credits are two terms that are commonly misused. Both can minimize your tax liability, but they are separate concepts. As an individual or business owner, you need to understand those differences.
How Will New Federal Financial Policies Affect Your Small Business in 2025?
Federal policies change every year, the new administration has big policy changes planned that may affect your small business.
2023 Marginal Rates: How the United States Progressive Tax System Works
Many people know that we pay more in taxes when our income is higher, but that’s only half the truth. Yes, we do pay more, but not on all our income. We’ll explain that in more detail in this article.
Have You Reviewed The List of Things Your Accountant Needs for Your Taxes This Year?
It’s that time of year again, lets review the list of things your accountant needs to do your taxes.
