If you run or finance a manufacturing business in the U.S., Section 70301 of the “One Big Beautiful Bill” is worth your full attention. It makes 100% bonus depreciation (full expensing) permanent for qualified business property under.


Popular News
See More
Starting January 1st, 2022, R&E expenses are not deductible in the year incurred. They need to be capitalized and amortized over 5 or 15 years…
There are two main ways to compensate service providers in the U.S.: as employees and as independent contractors. The employees receive wages subject…
If a U.S. taxpayer owns a foreign entity, the income of that foreign entity may be subject to immediate U.S. taxation. Corporations are no exception…
Corporations pay tax on net taxable income. Shareholders pay an additional tax on the distributions (dividends). A corporation may calculate its net…
