Topics: Depreciation & Section 179
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How to Prepare for Your Initial HUD Section 232 Audit
You’ve signed scores of forms for your HUD refinancing, and you now have a HUD Section 232 mortgage on your nursing home property. Before you…
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Is Electing Bonus Depreciation in a year with a Net Operating Loss a Good Idea?
When purchasing fixed assets like a machine or tractor for a business utilizing IRC Section 168(k) Bonus Depreciation is a great way to reduce…
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The One Big Beautiful Bill Act: Reshaping U.S. Energy Project Development
The One Big Beautiful Bill Act: Reshaping U.S. Energy Project Development The passage of the One Big Beautiful Bill Act (OBBBA) marks a pivotal…
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100% Bonus Depreciation Returns
As the One Big Beautiful Bill Act was signed into law, a sweeping number of changes were made to help businesses. The most notable…
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Alternative Fuel Vehicle Refueling Tax Credit
If you purchase an electric vehicle (EV) charging equipment for your home, you may be eligible for a tax credit. This is a nonrefundable…
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Pass-Through Entity Taxes & Reporting Under GAAP
Pass-Through Entity Taxes & Reporting Under GAAP 5/21/24 Introduction In connection with changes to the Internal Revenue Code as a result of the Tax…
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A Guide to Restaurant Accounting
If an employee receives stock as part of their compensation, but the stock will not vest for several years, the employee can make a…
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What is a Section 83(b) Election & When is it Beneficial?
If an employee receives stock as part of their compensation, but the stock will not vest for several years, the employee can make a…
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Section 179 Depreciation.
Section 179 depreciation was originally designed to help businesses grow by allowing them to completely write off large purchases of machinery and equipment in…
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Year End is Quickly Approaching… Are you Prepared?
Fall is here. The trees are changing colors. Now is the perfect time to start working on your year-end tax planning. We have put…