Startup

Startup Costs Tax Deduction: What New Businesses Can Write Off

A new business can usually deduct up to $5,000 of startup costs and a separate $5,000 of organizational costs in its first year under IRC Sections 195 and 248, then amortize the remainder evenly over 15 years (180 months).
Tax Break for Businesses: 100% Bonus Depreciation is Back cover

Tax Break for Businesses: 100% Bonus Depreciation is Back

The reinstatement of bonus depreciation is a critical component of recent U.S. tax legislation aimed at fostering economic growth.
Tax Breaks

Healthcare Systems and Controversial Tax Breaks: Everything You Need to Know

Just about everyone has an opinion on the healthcare system in the United States. What many Americans don’t realize, however, is that there’s another tangential battle going on when it comes to healthcare facilities themselves.