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Sec. 179 Expensing and Bonus Depreciation: Beware of Pitfalls
If eligible, you can elect to use Section 179 expensing or bonus depreciation to deduct a large portion of the cost (and in some cases the full cost) of eligible property in the year it’s placed in service. Alternatively, you may follow regular depreciation rules and...
COVID-19 Relief: An Overview of the New American Rescue Plan Act
On Thursday of last week, President Joe Biden signed the $1.9 trillion coronavirus relief package, entitled the New American Rescue Plan Act, into law. It was...
The 2021 Income Tax Filing Deadline has been Extended to May 17, 2021
The IRS and the U.S. Department of Treasury announced yesterday that the 2021 income tax filing deadline has been extended from April 15, 2021, to May 17,...

