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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Werfel, a former IRS acting commissioner, is the global leader of the Boston Consulting Group’s Public Sector practice. President Biden has…
If you make a home improvement that is regarded medically necessary, you may be eligible for a tax break in some limited circumstances. Normally, the…
The IRS thinks the draft modifications to Schedule UTP and its instructions will benefit the form. For the 2022 tax year (the processing year 2023)…
Here’s what employees should know about the IRS’s most recent changes. If you use a traditional or Roth IRA to save for retirement, the…
