Tag: office equipment

100% bonus depreciation

What Is 100% Bonus Depreciation Under the OBBBA?

Lower Taxes, Ohio Tax Preparation, Small Business Tax Consultant, Small Business Tax Tips, Tax Deductions, Tax Strategies

The One Big Beautiful Bill Act (OBBBA) made a big change for business owners: it permanently restored 100% bonus depreciation. This means companies can now fully deduct the cost of certain property in the year it’s purchased, instead of spreading the deduction out over decades. Along with this change, Section 179 expensing limits were increased,...Continue reading

2024 Tax Deductions Cleveland

2024 Tax Deduction Strategies to Implement Now

Cleveland IRS Tax Help, Individual Tax Returns, IRS Filing, Lower Taxes, Ohio Tax Preparation, Rental Income Tax Strategies, Small Business Tax Consultant, Small Business Tax Tips, Tax Deductions, Tax Preparation, Tax Strategies

As the year draws to a close, it’s the perfect time to implement 2024 tax deduction strategies that can significantly reduce your tax burden. Whether you’re a business owner or self-employed, these six powerful tax-saving tips can help you maximize your deductions and keep more of your hard-earned money. 1. Prepay Expenses to Claim Tax...Continue reading

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