Building owners and lessees will be impacted by several changes made to depreciation rules under the Tax Cuts and Jobs Act (TCJA). Two of the main changes affect Section 179 expensing and Section 168 dealing with bonus depreciation. The new… Read More
Parents and taxpayers with dependent children can take advantage of the increased benefits of the Child Tax Credit under tax reform. With new changes in effect, this tax credit has been enhanced and made available to more individuals.
Previous Law… Read More
The Tax Cuts and Jobs Act that was enacted last December topples conventional tax planning strategies and changes the familiarity for this year’s tax filing season. Below is a brief review of some of the most important 2018 year-end tax… Read More
With the passage of the Tax Cuts and Jobs Act, there are now more tax benefits and simplification for lessees and building owners through changes to Qualified Improvement Property, bonus depreciation and Section 179 expensing.
Prior to the… Read More
The new 21% corporate tax rate allows C corporations to pay federal taxes at a significantly lower tax rate than the 35% top rate in prior years. While the new tax rate took effect beginning in 2018, this new benefit… Read More