2101-Blog-HomePage-banner.jpg

ECS ARTICLES & NEWS

Get Ready for Phase-Out of Bonus Depreciation


Get Ready For Phase-Out of Bonus Depreciation

Given Congress’ recently updated rules on the first-year bonus depreciation of equipment, it’s important for businesses, especially leasing and other equipment-heavy companies, to be planning for next year.

And the year after next.

StartFragment

And the year after that.

In a nutshell, Congress late last year passed a package of tax extensions. One of the most important was the extension, toward an ultimate phase-out, of bonus depreciation over the next three years. The change, included in the Protecting Americans from Tax Hikes (PATH) Act of 2015, makes it crucial for businesses to plan their asset acquisitions, and related depreciation deductions, carefully in the next three years.StartFragment

This site is optimized with the Yoast WordPress SEO plugin v1.7.1 - https://yoast.com/wordpress/plugins/seo/ / Yoast WordPress SEO plugin. SU161014-GU3365

StartFragmentBusinesses that don’t plan wisely for the phase-out of this deduction could be setting themselves up for unexpected tax liabilities as the benefit expires.

Read the full article at www.cfo.com.

Read More


Tax Services

Stay up to date on financial news.