UPDATED: Please see the latest taxes changes for 2020. A variety of 2019 tax limits affecting businesses are annually indexed for inflation, and many have gone up for 2019. Here’s a look at some that may affect you and your business. Deductions Section 179 expensing: Limit: $1.02 million (up from $1 million). Phaseout: $2.55 million … Continue reading “Increase in 2019 Tax Limits for Businesses”
Month: January 2019
Getting Wise to the Rise of SMART Buildings
Nowadays, data drives everything. This includes the very buildings in which companies operate. Is your business considering upgrading its current facility, moving, or constructing a new one? If so, then it’s important to be aware of SMART buildings. A smart building is one equipped with a variety of sensors that gather and track information about … Continue reading “Getting Wise to the Rise of SMART Buildings”
Getting an Employee Bonus Deduction for 2018 after Issuing Them In 2019
There aren’t too many things businesses can do after a year ends to reduce tax liability for that year. However, you might be able to pay employee bonuses for 2018 in 2019 and still receive the employee bonus deduction on your 2018 tax return. In certain circumstances, businesses can receive tax credits for employee benefits … Continue reading “Getting an Employee Bonus Deduction for 2018 after Issuing Them In 2019”
Tax Filing Deadline 2018: Overview on the Tax Law Changes
The dawning of 2019 means the season for tax filing deadline 2018 will soon be upon us. After year end, it’s generally too late to take action to reduce 2018 taxes. Business owners may, therefore, want to shift their focus to assessing whether they’ll likely owe taxes or get a refund when they file their … Continue reading “Tax Filing Deadline 2018: Overview on the Tax Law Changes”
Economic Damages: Recovering Business Losses
A business can suffer economic damages arising from a variety of illegal conduct. Common examples include breach of contract, patent infringement and commercial negligence. Is your company finding itself in heading to court in hope to recovering business losses, diminished business value or both? If so, it’s important to know how the damages might be … Continue reading “Economic Damages: Recovering Business Losses”