Topics: Depreciation & Section 179
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How to Prepare for Your First HUD Section 232 Audit
Learn how to prepare for your first HUD Section 232 audit: key deadlines, required documents, trial balance steps, and common mistakes to avoid.
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Bonus Depreciation With a Net Operating Loss
Electing bonus depreciation during a net operating loss year can backfire at the state level. Learn when to elect out and how Ohio’s rules…
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One Big Beautiful Bill Act: Impact on U.S. Energy Projects
The One Big Beautiful Bill Act imposes new tax credit deadlines, FEOC restrictions, and fossil fuel incentives that reshape U.S. energy project development starting…
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Bonus Depreciation 2025: 100% Write-Off Permanently Restored
The OBBBA permanently restores 100% bonus depreciation for property acquired after Jan. 19, 2025, and raises Section 179 limits to $2.5M.
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EV Charger Tax Credit: How to Claim the Section 30C Credit
The EV charger tax credit covers up to 30% of charging equipment costs. Learn eligibility, credit amounts, the 2026 deadline, and how to claim…
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Pass-Through Entity Tax: GAAP Reporting and Planning
How pass-through entity tax elections work under GAAP, including ASC 740 vs. distribution treatment and the new SALT cap’s impact.
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Restaurant Accounting: How to Manage Finances and Maximize
Restaurant accounting covers daily sales tracking, food cost control, payroll, and financial reporting: essential practices that help owners protect margins and grow profitably.
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Section 83(b) Election: What It Is and When to File
A Section 83(b) election lets employees pay tax on restricted stock at grant instead of at vesting, potentially saving thousands if the stock rises…
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Section 179 Deduction: Rules, Limits, and What Qualifies
Section 179 lets businesses write off qualifying equipment and property costs in year one. Learn the rules, limits, and eligible assets.
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Year-End Tax Planning: How to Cut Your Tax Bill Now
Year-end tax planning can lower your business and individual tax bill. Use this checklist of deductions, credits, and strategies before December 31.