Tax credits are important for businesses aiming to maximize profitability and sustainable growth. Bonus depreciation is a key ...

David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of financial accounting, corporate and individual tax planning and preparation, and investing and retirement planning.

What is Depreciation? An Overview and Explanation with Examples Depreciation is the process of allocating the cost of a tangible asset over its useful life. It allows businesses to match the ...

Here are some examples of when to use the formula ... With an asset’s depreciation rate, you can create a depreciation schedule to see how much value an asset loses each year.

illustrating how the timing of various bonus deductions schedules affects government revenues and plays out in a conventional budget score. Take, for example, a 100 percent bonus depreciation from ...

If you own an investment property, I’ve got good news for you. The IRS has a regulation called a partial disposition election. It allows you to immediately benefit from any undepreciated value ...

Owning real estate property overseas can be a great investment. U.S. cross-border tax planning and fully understanding U.S.

Even though Amazon won’t be under my scanner in this exercise, it was Amazon ( AMZN) which essentially sowed the seed of deteriorating earnings quality in big tech back in 2020. In 4Q’19 earnings call ...

Here's what you need to know about taxes and investing in high-value real estate. Understanding capital gains tax Capital gains taxes are taxes you pay on profits you earn when you sell an asset, such ...

Medical expenses can be a major tax deduction, but only if they go over 7.5% of your adjusted gross income, which is ...