Tax
Depreciation-related breaks on business real estate: What you need to know when you file your 2018 return
Depreciation-related breaks on business real estate: What you need to know when you file your 2018 return
February 26, 2019
Depreciation-related breaks on business real estate: What you need to know when you file your 2018 return
Many tax-related limits affecting businesses increase for 2019
Higher mileage rate may mean larger tax deductions for business miles in 2019
You may be able to save more for retirement in 2019
When you think about recent tax law changes and your business, you’re probably thinking about the new 20% pass-through deduction for qualified business income or the enhancements to depreciation-related breaks. Or you may be contemplating the reduction or elimination of certain business expense deductions. But there are also a couple of recent tax law changes that you need to be aware of if your business sponsors a 401(k) plan.
The massive changes the Tax Cuts and Jobs Act (TCJA) made to income taxes have garnered the most attention. But the new law also made major changes to gift and estate taxes. While the TCJA didn’t repeal these taxes, it did significantly reduce the number of taxpayers who’ll be subject to them, at least for the next several years. Nevertheless, factoring taxes into your estate planning is still important.
Your company is unique, and we may not be able to answer your specific questions within a blog post. Contact us and let our experts find the solution that’s right for you.
Packer Thomas Certified Public Accountants & Business Consultants.
