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What the One Big Beautiful Bill Means for Business owners

After our previous post for taxpayers and how the One Big Beautiful Bill impacts individuals, we are covering today how it affects business owners: Firstly, this bill makes permanent or extend some of the Tax Cuts and Jobs Act (TCJA) benefits that were to sunset in 2026. Bonus depreciation - 1st year 100% depreciation if

By |2025-08-06T04:57:46+00:00July 18th, 2025|Categories: Business|Tags: , , , , , , , , , , , |

Purchasing equipment before year-end?

Purchasing equipment before year-end can provide significant tax benefits due to depreciation rules. Depreciation allows businesses to deduct the cost of equipment over its useful life, but special provisions may allow for accelerated deductions. The main points to consider are: Eligibility for Deduction: To qualify, the equipment must be purchased and placed in service (ready

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