Depreciation Extenders: Section 179 made Permanent and Bonus Depreciation Given Five-year Phase-down
The Protecting Americans from Tax Hikes Act (PATH) was passed by Congress late last week and signed into law by President Obama.
Monthly Archives: December 2015
Congress Closing Loopholes for Social Security Benefits
The Bipartisan Budget Act of 2015, which was signed into law on November 2, 2015, is closing some of the advantageous Social Security filing options that were formerly available.
Using the Section 179 Deduction as a Planning Tool
Imagine a few weeks before the end of the year, you take a look at your income statement and realize you are showing a $50,000 profit.
Reasonable Compensation for S Corporation Owners
How does an owner decide what is a reasonable wage and distribution?