The post Bonus Depreciation Phase-Down Reshapes Tax Planning appeared first on Self Employed.

Tribunal reaffirmed that Section 11(6) bars depreciation on assets whose acquisition cost was claimed as application of income and remanded the case for factual ...

Private jet sales are soaring and luxury car purchases are revving up — if you can count your splurge as a business expense, ...

The bonus depreciation rule, a hallmark of Donald Trump’s tax policy, has become a lucrative tool for the ultra-wealthy, allowing them to deduct the full cost of luxury assets like private jets and ...

A balance sheet offers a glimpse into a company’s assets and breaks them into two categories: current and non-current assets. Current assets like cash equivalents and securities can easily be ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

A company cannot deduct the entire cost of a long-lived asset -- one with a lifetime more than one year long -- all at once. Rather, it must space out the deductions over the useful lifetime of the ...

It's not that Uncle Sam does not want your clients to deduct those big-ticket items that are critical to running almost any business. The less cynical among us would nod and agree with the Internal ...

The balance sheet comprises assets, liabilities and owner's equity -- that is, the capital contributed by the owner of the business. These three items essentially represent the net worth of a business ...

Depreciation determines the loss of value of an asset over its useful life. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...