Tax Updates to Consider for 2015 Return and Beyond
Feb 2016 / by Jennifer Iwata, CPA, MST, Gilbert Congress has once again extended the “extenders,” a varied assortment of more than 50 individual and business tax deductions, tax credits, […]
Extension Means Businesses Can Take Bonus Depreciation on Their 2015 Returns – but Should They?
Bonus depreciation allows businesses to recover the costs of depreciable property more quickly by claiming additional first-year depreciation for qualified assets. The Protecting Americans from Tax Hikes Act of 2015 […]
Could You Save More by Deducting State and Local Sales Taxes?
For the last several years, taxpayers have been allowed to take an itemized deduction for state and local sales taxes in lieu of state and local income taxes. This break […]