“Should You Convert Your PersonalVehicle To Business Use?” To get my complete, FREE articlewith all the details… Thinking about converting your personal vehicle to business use? You may be on to a good thing. For starters, let’s check out these factsthat should impact your decision. When it comes to your taxes, most personal assets, other than your home, are … [Read more...]
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Unlock the Power of Safe-Harbor Expensing for Your Business!
"Unlock the Power of Safe-HarborExpensing for Your Business!" To get my complete, FREE articlewith all the details… 💡 Did you know that two of the most magical words in the tax realm are “safe harbor”? Safe-harbor expensing can revolutionize your tax strategy, eliminating the headache of tracking small-dollar assets, the complexities of depreciation, … [Read more...]
Antiques: an often-overlooked asset for businesses
An Often-Overlooked Asset for Businesses As a business owner, staying informed about tax deductions and wise investment choices is important. This February 2023 antiques article provides valuable information on how you can deduct the cost of certain antiques used in your business. The courts have established a legal precedent for your doing so by ruling in favor of … [Read more...]
Did you know antique tractors are deductible?
Did you know antique tractors are deductible? Are you aware that antique tractors can be deductible? You might be surprised to know that the IRS once tried to challenge this very topic in court. In a recent article, Tractors, Antique or Not, Are Deductible," we dive into the interesting case of Steven Hoakison and his collection of antique tractors. Hoakison faced an … [Read more...]
Say Goodbye to 100% Bonus Depreciation
“Get Ready to Say Goodbye to 100%Bonus Depreciation” To get my complete articlewith all the details... They say “all good things come to an end.” That’s what’s going to happen on December 31, 2022. (In other words, soon!) That’s the date that 100% bonus depreciation comes to a sorry end. What does this mean to you? It means the wind-down of bonus … [Read more...]