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Understanding depreciation and its impact on corporate tax

ThomsonReuters

When enacted, bonus depreciation enabled businesses to immediately write off 100% of the cost of eligible property acquired and placed in service after Sept. Book The trusted tax depreciation guide book from Thomson Reuters Checkpoint® Shop the Depreciation Quickfinder Handbook How does depreciation work in an S corporation?

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Congress Fails To Pass Key Tax Extenders, Now What?

Withum

The inability of Congress to include key tax extenders in the Consolidated Appropriations Act of 2023, signed into law on December 29, 2022, will increase the federal income tax bill for the majority of U.S. businesses. And it does not get better after that.

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