Tag Archives: Section 179

Highlights of the Protecting Americans from Tax Hikes Act of 2015

With just a couple of weeks before year end, Congress passed the Protecting Americans from Tax Hikes Act of 2015 (PATH Act). The legislation deals with more than 50 tax provisions that expired December 31, 2014.  Some provisions were extended, … Continue reading

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Section 179 Expensing Election in 2014

This time of year, smart business owners begin their year-end tax planning.  During the last ten years, Congress has allowed a large Section 179 election for businesses. Under the provisions of Section 179, qualifying property placed in service during the … Continue reading

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Businesss Tax Provisions in FY 2015 Budget Proposal

President Obama released his fiscal year 2015 budget on March 4. I have written about some of the personal tax proposals in a previous post. Now let’s take a look at some of the business tax provisions. Depreciation Code Section … Continue reading

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Federal Tax Provisions Set to Expire

The IRS recently announced that the beginning of the tax filing season will be delayed one to two weeks.  We are also waiting on Congress to pass “extenders”, laws that will extend the tax provisions set to expire on December … Continue reading

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2012 Year End Tips for Small Businesses

Although we are not sure what Congress will do in 2013, here are a couple of tax saving suggestions small business owners would be wise to consider. Acquiring depreciable assets If you have been considering acquiring additional equipment, you should … Continue reading

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