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.


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The rate for the second half of 2022 is set at $65.5 per mile driven for business purposes, an increase of 3 cents from the midyear increase. The…
The IRS considers the calendar year 2022 to be a transition year for the lower reporting threshold of more than $600. The IRS announced on Wednesday…
The government sets a flat rate for certain “high-cost areas” such as New York, Chicago, Los Angeles, and other major cities each year…
Edited: 26th December 2022 This chart depicts an estimated timeline for when a taxpayer will likely receive their refund, based on current information…
