Covid-19 Tax Deadline Of July 15th 2020 Is For Federal Returns Only!
Due to the current corona virus pandemic the 2019 deadline to file and pay your federal personal and business taxes has been extended to July 15th 2020...
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Increase In De Minimis Safe Harbor Limit
Effective January 1, 2016 the IRS has increased the de minimis safe harbor limitation from $500 to $2,500 for a taxpayer without an AFS (Applicable Financial Statement)...
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ACA Adds To Your Return Complexity
Due to the Affordable Care Act congress has added an additional form which will be required to file your taxes...
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Section 179 Gets Permanently Extended
Congress has passed the bill which permanently enable small businesses to deduct up to $500,000 in business investments in machinery and equipment instead of depreciating it over its useful life...
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Bonus Depreciation Is Extended Through 2019
This incentive is available no matter the size of your business and allows the business to depreciate 50% of the cost of property acquired...
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