February 2018 - Philadelphia CPA
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February 2018

Finally, lawmakers did the right thing by increasing the luxury auto depreciation limits on business cars. The old luxury limits were unrealistic, punitive, unfair, and discriminatory against any car that cost more than $15,800. The new limits don’t create parity in all respects, but they are...

When you first see that 21 percent tax rate for the C corporation, you have to think that this could be the choice of entity for your business operation.Further, when you find yourself in the out-of-favor group for the 20 percent deduction, you naturally gravitate...