If you’re buying equipment, a vehicle, or making improvements to your business, you’ve probably heard about bonus depreciation and Section 179. Both can help you write off large purchases and reduce your taxes - but they don’t work the same way. And choosing the wrong one can cost you more than you think. So what’s better:...Continue reading
When business owners search for 2025 small business tax strategies, they’re usually not looking for gimmicks. They want to know what they can still do before year-end to legally reduce their tax bill and keep more cash in the business. Many of the most effective 2025 small business tax strategies are based on timing —...
Looking for a big deduction without a new cash outlay? This strategy turns a prior-year sunk cost—your existing personal vehicle—into a current-year business deduction. Thanks to the OBBBA vehicle deduction, 100% bonus depreciation is back and, if your vehicle and records qualify, the write-off can be substantial. How the OBBBA Vehicle Deduction Works When you...Continue reading