Many small business owners are pleased to learn that a vehicle they purchased for use in their company may qualify for a Section 179 tax deduction. Carefully using Section 179 vehicles can bring tax ...

Now here’s something that doesn’t happen very often, especially lately: The Feds recently passed legislation that actually benefits small and medium businesses. H.R. 5297, known as the “Small Business ...

Is your business expecting a very profitable year, knowing you will have a painful income tax debt to pay next April? Do you have plans to purchase some equipment within the next six months? If so, ...

After a day of senatorial stubbornness and political tussling, the Senate now seems willing to vote on a bill that would extend the Section 179 tax deduction through Dec. 31 of this year and expand it ...

TULSA, Okla., Dec. 7, 2020 /PRNewswire/ -- Often perceived as a complicated tax code, Section 179 deductions are more straight forward than most businesses realize. Under Section 179 of the IRS tax ...

Today’s economy is creating challenges for many small businesses. Many things seem to be changing quickly. But one important thing has not changed: Section 179 of the IRS Tax Code. When small ...

Under the tax laws, business owners are allowed to recover all or part of the cost of certain purchases up to a certain limit by deducting it immediately in the year the property is placed into ...

This story is sponsored by Young Automotive Group. Few seasons pressure businesses quite like the end of the year. It's a time when many companies make a final push to meet annual goals and it's often ...

The Section 179 deduction, which allows small businesses to deduct up front rather than depreciate over time the cost of certain kinds of equipment, has nearly doubled for 2008, rising to $250,000 ...