History of the Bonus Depreciation LawUnder the previous law regarding bonus depreciation, a specified percentage of the cost related to acquiring a qualifying asset used to be deducted....
Posted by Foudy CPA Group,PC on 03/15/2018
The introduction of Tax Cuts and Jobs Act signed by the President brings about many tax breaks for the businesses. However, while there are plenty of breaks, there are also some areas...
Posted by US and International Business Services on 03/14/2018
10.3.2[a] Article X[1] Residence based Jurisdiction to Tax Paragraph1 of the Article X recognizes the right of a Contracting State to taxdividend income received by a resident...
Posted by The Accounting and Tax on 03/13/2018
Tax planning is an activity that may result in substantial tax savings. It is an art of arranging financial affairs and defers taxes through taking advantage of beneficial tax-law...
Posted by Esther N. Phahla, CPA, A Professional Corporation on 03/08/2018
Having the separate budget for the businesses may bring the reduction of the corporation income tax rate to 21% which is why there have been specific measures introduced by the senate....
Posted by rinehimerbaker on 03/08/2018
As years pass by, the global market has expanded even more due to small and mid-size businesses and other business transactions to foreign countries. Along with this significant expansion...
Posted by US and International Business Services on 03/05/2018
For most people around the world, January is the month where they get busy choosing what diet plans to take to lose the extra pounds they gained during the holidays. It’s a different...
Posted by Esther N. Phahla, CPA, A Professional Corporation on 02/12/2018
Standard or Actual Expenses?Taxpayers who want to understand how to take advantage of vehicle deductions in order to lower their tax bill have a number of options. The IRS allows multiple...
Posted by Peter J. Marchiano, Jr., CPA on 02/12/2018
The IRS (Internal Revenue Service) has introduced some new policies in 2018, which include living cost changes for pensions and inflation adjustments for specific taxes. These yearly...
Posted by Lone Star Tax Group on 01/11/2018
