Tax benefits can be the result of a NOL, or "net operating cost". The TCJA made changes to how NOLs are treated during taxes, so read on to learn what that could mean for your
Many businesses hired in 2017, and more are planning to hire in 2018. If you’re among them and your hires include members of a “target group,” you may be eligible for the Work Opportunity tax
With bonus depreciation, a business can recover the costs of depreciable property more quickly by claiming additional first-year depreciation for qualified assets. The Tax Cuts and Jobs Act (TCJA), signed into law in December, enhances
The Tax Cuts and Jobs Act (TCJA) enhances some tax breaks for businesses while reducing or eliminating others. One break it enhances — temporarily — is bonus depreciation. While most TCJA provisions go into effect
With the possibility that tax law changes could go into effect next year that would significantly reduce income tax rates for many businesses, 2017 may be an especially good year to accelerate deductible expenses. Why?
There are two valuable depreciation-related tax breaks that can potentially reduce your 2017 taxes, if you acquire and place in service qualifying assets by the end of the tax year. Tax reform legislation has been
Life and business transitions can affect your tax obligations. So can new legislation. Tax planning is a year-round activity and as your business grows, we are here to help. Click here for your 2016 year-end
Every business has an elephant or two lurking somewhere in the room. And while it’s easy to let these proverbial pachyderms sit undisturbed in a corner, the one known as “nexus” should never be ignored.